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40023 Income Statistics

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40023 Compared to Surrounding Areas

Median Household Income

The median household income ($114,659) for 40023 is less than the median household income for Elk Creek ($115,298). But it's more than 40245 ($104,496), 40067 ($93,832), 40022 ($114,250), 40299 ($74,638), 40071 ($85,696), Jefferson County ($58,196), Spencer County ($85,488), and Louisville/Jefferson County metro government (balance) ($54,929).

40023$114,659
Elk Creek$115,298
Louisville/Jefferson County metro government (balance)$54,929
Jefferson County$58,196
Spencer County$85,488

Average Household Income

The average household income ($132,931) for 40023 is less than the average household income for 40245 ($143,514). But it's more than 40299 ($92,905), 40071 ($97,651), 40067 ($121,966), 40022 ($120,913), Jefferson County ($81,259), Spencer County ($94,875), Louisville/Jefferson County metro government (balance) ($76,735), and Elk Creek ($125,151).

40023$132,931
Elk Creek$125,151
Louisville/Jefferson County metro government (balance)$76,735
Jefferson County$81,259
Spencer County$94,875

Per-Capita Income

The per-capita income for 40023 is $49,425. The per capita income ($49,425) for 40023 is less than the per capita income for 40245 ($52,148). But it's more than 40299 ($38,005), 40071 ($35,466), 40067 ($42,451), 40022 ($42,950), Jefferson County ($34,365), Spencer County ($35,209), Louisville/Jefferson County metro government (balance) ($32,187), and Elk Creek ($42,507).

40023$49,425
Elk Creek$42,507
Louisville/Jefferson County metro government (balance)$32,187
Jefferson County$34,365
Spencer County$35,209

High Income Households

% of households make over $200,000 a year. The percent high income households (11.0%) for 40023 is less than the percent high income households for 40067 (12.9%), 40022 (27.1%), 40245 (19.9%), and Elk Creek (15.3%). But it's more than 40071 (5.7%), 40299 (6.3%), Jefferson County (5.7%), Spencer County (5.0%), and Louisville/Jefferson County metro government (balance) (4.8%).

4002311.0%
Elk Creek15.3%
Louisville/Jefferson County metro government (balance)4.8%
Jefferson County5.7%
Spencer County5.0%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40023 $-1 $132,500 $123,981 $56,111
Elk Creek $-1 $118,050 $149,167 $52,650
Louisville/Jefferson County metro government (balance) $34,096 $60,324 $65,941 $41,822
Jefferson County $35,201 $62,908 $69,634 $44,604
Spencer County $51,083 $99,112 $87,769 $53,781

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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 2020 5-year estimates. These values are in 2020 inflation-adjusted dollars and were downloaded on 17 March 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2020 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 +/-$24,732 +/-$20,397 +/-$7,671 +/-5.2% +/-$-1 +/-$20,284 +/-$28,471 +/-$27,584
Elk Creek +/-$9,391 +/-$21,974 +/-$6,994 +/-9.7% +/-$-1 +/-$8,669 +/-$47,625 +/-$8,717
Louisville/Jefferson County metro government (balance) +/-$878 +/-$1,327 +/-$562 +/-0.2% +/-$2,899 +/-$1,148 +/-$1,799 +/-$1,070
Jefferson County +/-$670 +/-$1,152 +/-$474 +/-0.2% +/-$2,574 +/-$1,264 +/-$1,988 +/-$1,250
Spencer County +/-$6,998 +/-$6,414 +/-$2,490 +/-1.7% +/-$7,377 +/-$9,140 +/-$7,613 +/-$8,986