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40023 Income Statistics

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40023 Compared to Surrounding Areas

Median Household Income

The median household income ($129,179) for 40023 is more than 40299 ($79,637), 40022 ($81,250), 40067 ($93,942), 40071 ($92,656), 40245 ($111,250), Jefferson County ($61,633), Shelby County ($73,974), Spencer County ($92,973), Elk Creek CDP ($115,694), and Louisville/Jefferson County metro government (balance) ($58,357).

40023$129,179
Elk Creek CDP$115,694
Louisville/Jefferson County metro government (balance)$58,357
Jefferson County$61,633
Shelby County$73,974
Spencer County$92,973

Average Household Income

The average household income ($152,504) for 40023 is more than 40299 ($99,742), 40022 ($119,213), 40067 ($116,040), 40071 ($104,541), 40245 ($147,097), Jefferson County ($86,099), Shelby County ($93,442), Spencer County ($103,694), Elk Creek CDP ($119,728), and Louisville/Jefferson County metro government (balance) ($81,393).

40023$152,504
Elk Creek CDP$119,728
Louisville/Jefferson County metro government (balance)$81,393
Jefferson County$86,099
Shelby County$93,442
Spencer County$103,694

Per-Capita Income

The per-capita income for 40023 is $55,525. The per capita income ($55,525) for 40023 is more than 40299 ($40,931), 40022 ($42,063), 40067 ($43,569), 40071 ($37,726), 40245 ($54,107), Jefferson County ($36,533), Shelby County ($34,732), Spencer County ($37,946), Elk Creek CDP ($41,541), and Louisville/Jefferson County metro government (balance) ($34,195).

40023$55,525
Elk Creek CDP$41,541
Louisville/Jefferson County metro government (balance)$34,195
Jefferson County$36,533
Shelby County$34,732
Spencer County$37,946

High Income Households

15.3% of households make over $200,000 a year. The percent high income households (15.3%) for 40023 is less than the percent high income households for 40022 (19.6%) and 40245 (22.0%). But it's more than 40299 (8.6%), 40071 (7.8%), 40067 (12.0%), Jefferson County (6.9%), Shelby County (7.9%), Spencer County (6.7%), Louisville/Jefferson County metro government (balance) (5.9%), and Elk Creek CDP (8.7%).

4002315.3%
Elk Creek CDP8.7%
Louisville/Jefferson County metro government (balance)5.9%
Jefferson County6.9%
Shelby County7.9%
Spencer County6.7%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40023$-1$133,365$138,958$-1
Elk Creek CDP$-1$118,625$130,764$55,855
Louisville/Jefferson County metro government (balance)$35,053$63,235$69,989$44,888
Jefferson County$36,328$66,221$73,654$47,693
Shelby County$31,352$86,840$92,201$45,537
Spencer County$67,206$106,865$95,679$58,179

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2021 5-year estimates. These values are in 2021 inflation-adjusted dollars and were downloaded on 8 Dec 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
40023+/-$25,130+/-$21,198+/-$8,179+/-5.4%+/-$-1+/-$25,336+/-$32,664+/-$-1
Elk Creek CDP+/-$8,782+/-$18,976+/-$6,089+/-7.6%+/-$-1+/-$7,217+/-$38,642+/-$20,894
Louisville/Jefferson County metro government (balance)+/-$988+/-$1,516+/-$600+/-0.3%+/-$3,830+/-$1,393+/-$1,960+/-$1,598
Jefferson County+/-$982+/-$1,259+/-$520+/-0.3%+/-$2,871+/-$1,661+/-$1,945+/-$1,349
Shelby County+/-$4,462+/-$4,875+/-$1,691+/-1.4%+/-$16,483+/-$8,053+/-$8,973+/-$3,154
Spencer County+/-$5,579+/-$6,650+/-$2,321+/-1.9%+/-$59,666+/-$7,631+/-$7,321+/-$8,757