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40342 Income Statistics

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40342 Compared to Surrounding Areas

Median Household Income

The median household income ($55,307) for 40342 is less than the median household income for 40383 ($64,499), 40078 ($57,466), 40076 ($71,250), 40046 ($76,356), 40372 ($67,784), 40601 ($56,327), and Anderson County ($55,334). But it's more than 40330 ($52,336), 40008 ($51,250), 40012 ($50,972), and Lawrenceburg ($50,382).

40342$55,307
Lawrenceburg$50,382
Anderson County$55,334

Average Household Income

The average household income ($67,878) for 40342 is less than the average household income for 40383 ($79,598), 40078 ($73,825), 40076 ($80,193), 40046 ($77,794), 40372 ($76,839), 40601 ($71,156), and Anderson County ($67,961). But it's more than 40330 ($65,252), 40008 ($61,759), 40012 ($54,333), and Lawrenceburg ($58,782).

40342$67,878
Lawrenceburg$58,782
Anderson County$67,961

Per-Capita Income

The per-capita income for 40342 is $27,196. The per capita income ($27,196) for 40342 is less than the per capita income for 40383 ($31,406), 40078 ($28,382), 40076 ($30,483), 40046 ($33,376), 40372 ($28,433), 40601 ($30,946), and Anderson County ($27,250). But it's more than 40330 ($26,713), 40008 ($26,497), 40012 ($16,033), and Lawrenceburg ($24,133).

40342$27,196
Lawrenceburg$24,133
Anderson County$27,250

High Income Households

% of households make over $200,000 a year. The percent high income households (3.1%) for 40342 is less than the percent high income households for 40078 (4.4%), 40076 (3.2%), 40383 (4.6%), and Anderson County (3.2%). But it's more than 40601 (2.8%), 40330 (2.5%), 40372 (2.0%), 40046 (1.4%), 40008 (0.6%), 40012 (0.0%), and Lawrenceburg (0.9%).

403423.1%
Lawrenceburg0.9%
Anderson County3.2%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40342 $23,906 $63,776 $56,225 $47,075
Lawrenceburg $22,600 $63,044 $45,941 $46,250
Anderson County $23,906 $63,776 $56,250 $47,188

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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+
40342 +/-$4,202 +/-$4,219 +/-$1,495 +/-1.5% +/-$5,962 +/-$5,551 +/-$7,118 +/-$6,849
Lawrenceburg +/-$4,612 +/-$4,949 +/-$2,008 +/-0.9% +/-$13,632 +/-$9,896 +/-$7,315 +/-$7,155
Anderson County +/-$4,196 +/-$4,098 +/-$1,512 +/-1.4% +/-$5,962 +/-$5,504 +/-$6,267 +/-$6,421