40023 Income Statistics

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40023 Compared to Surrounding Areas

Median Household Income

The median household income ($115,819) for 40023 is more than 40245 ($113,256), 40067 ($88,081), 40071 ($78,496), 40299 ($75,396), 40022 ($97,750), Jefferson County ($56,586), Spencer County ($80,166), Elk Creek ($105,000), and Louisville/Jefferson County metro government (balance) ($53,436).

40023$115,819
Elk Creek$105,000
Louisville/Jefferson County metro government (balance)$53,436
Jefferson County$56,586
Spencer County$80,166

Average Household Income

The average household income ($140,110) for 40023 is less than the average household income for 40245 ($145,967). But it's more than 40022 ($115,816), 40067 ($125,297), 40071 ($93,161), 40299 ($93,934), Jefferson County ($79,373), Spencer County ($91,493), Louisville/Jefferson County metro government (balance) ($74,580), and Elk Creek ($113,069).

40023$140,110
Elk Creek$113,069
Louisville/Jefferson County metro government (balance)$74,580
Jefferson County$79,373
Spencer County$91,493

Per-Capita Income

The per-capita income for 40023 is $51,204. The per capita income ($51,204) for 40023 is less than the per capita income for 40245 ($52,592). But it's more than 40022 ($38,074), 40067 ($43,056), 40071 ($34,017), 40299 ($37,139), Jefferson County ($33,251), Spencer County ($33,661), Louisville/Jefferson County metro government (balance) ($30,943), and Elk Creek ($42,414).

40023$51,204
Elk Creek$42,414
Louisville/Jefferson County metro government (balance)$30,943
Jefferson County$33,251
Spencer County$33,661

High Income Households

% of households make over $200,000 a year. The percent high income households (16.3%) for 40023 is less than the percent high income households for 40022 (22.9%) and 40245 (19.3%). But it's more than 40071 (5.9%), 40067 (13.3%), 40299 (7.2%), Spencer County (5.6%), Jefferson County (5.6%), Louisville/Jefferson County metro government (balance) (4.7%), and Elk Creek (13.7%).

4002316.3%
Elk Creek13.7%
Louisville/Jefferson County metro government (balance)4.7%
Jefferson County5.6%
Spencer County5.6%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40023 $-1 $127,135 $138,143 $63,000
Elk Creek $-1 $110,776 $145,909 $52,450
Louisville/Jefferson County metro government (balance) $31,240 $56,853 $64,273 $41,347
Jefferson County $32,077 $60,348 $67,658 $44,026
Spencer County $50,125 $90,135 $88,355 $50,221

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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 2019 5-year estimates. These values are in 2019 inflation-adjusted dollars and were downloaded on 10 December 2020.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2019 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2019 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2019 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2019 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2019 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capital Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
40023 +/-$18,678 +/-$14,454 +/-$5,356 +/-4.9% +/-$-1 +/-$17,879 +/-$23,463 +/-$16,112
Elk Creek +/-$25,485 +/-$19,928 +/-$7,226 +/-9.1% +/-$-1 +/-$10,031 +/-$48,237 +/-$12,339
Louisville/Jefferson County metro government (balance) +/-$676 +/-$1,034 +/-$418 +/-0.2% +/-$2,446 +/-$1,398 +/-$1,568 +/-$958
Jefferson County +/-$637 +/-$900 +/-$358 +/-0.2% +/-$2,872 +/-$1,293 +/-$1,562 +/-$1,055
Spencer County +/-$6,312 +/-$5,822 +/-$2,203 +/-1.9% +/-$7,306 +/-$4,764 +/-$5,809 +/-$5,979