2020 Census Demographics Now Available. Details.

40347 Income Statistics

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40347 Compared to Surrounding Areas

Median Household Income

The median household income ($67,260) for 40347 is less than the median household income for 40324 ($70,491) and Scott County ($70,817). But it's more than 40379 ($66,750), 40383 ($64,499), 40601 ($56,327), 40511 ($62,533), Franklin County ($56,274), Woodford County ($63,820), and Midway ($56,875).

40347$67,260
Midway$56,875
Franklin County$56,274
Scott County$70,817
Woodford County$63,820

Average Household Income

The average household income ($105,744) for 40347 is more than 40511 ($76,331), 40324 ($86,674), 40379 ($81,427), 40383 ($79,598), 40601 ($71,156), Scott County ($87,058), Franklin County ($70,994), Woodford County ($80,655), and Midway ($86,689).

40347$105,744
Midway$86,689
Franklin County$70,994
Scott County$87,058
Woodford County$80,655

Per-Capita Income

The per-capita income for 40347 is $39,646. The per capita income ($39,646) for 40347 is more than 40511 ($29,196), 40324 ($32,466), 40379 ($30,245), 40383 ($31,406), 40601 ($30,946), Scott County ($32,796), Franklin County ($30,711), Woodford County ($32,264), and Midway ($33,426).

40347$39,646
Midway$33,426
Franklin County$30,711
Scott County$32,796
Woodford County$32,264

High Income Households

% of households make over $200,000 a year. The percent high income households (10.9%) for 40347 is more than 40511 (2.8%), 40324 (5.4%), 40379 (5.2%), 40383 (4.6%), 40601 (2.8%), Scott County (5.7%), Franklin County (2.7%), Woodford County (4.7%), and Midway (5.9%).

4034710.9%
Midway5.9%
Franklin County2.7%
Scott County5.7%
Woodford County4.7%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40347 $53,571 $72,422 $85,694 $56,776
Midway $53,571 $83,036 $66,429 $45,833
Franklin County $21,789 $57,871 $63,571 $53,567
Scott County $51,210 $73,538 $83,936 $49,286
Woodford County $26,281 $69,496 $74,095 $55,885

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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+
40347 +/-$19,320 +/-$16,148 +/-$6,384 +/-4.3% +/-$3,983 +/-$25,350 +/-$32,801 +/-$16,589
Midway +/-$16,144 +/-$14,223 +/-$6,023 +/-3.3% +/-$3,983 +/-$23,425 +/-$31,471 +/-$18,159
Franklin County +/-$2,228 +/-$3,404 +/-$1,377 +/-0.7% +/-$8,329 +/-$3,399 +/-$3,883 +/-$4,339
Scott County +/-$3,434 +/-$3,196 +/-$1,142 +/-1.0% +/-$5,961 +/-$4,940 +/-$5,253 +/-$4,564
Woodford County +/-$2,832 +/-$3,372 +/-$1,185 +/-1.0% +/-$1,029 +/-$7,368 +/-$5,848 +/-$2,816