Comparison to Surrounding Areas
The median household income ($173,214) for 01940 is less than the median household income for Lynnfield town ($175,265). But it's more than 01960 ($96,501), 01906 ($101,539), 01949 ($167,402), 01864 ($147,768), 01867 ($165,912), 01880 ($134,306), 01904 ($99,614), Essex County ($101,883), and Peabody city ($96,657).
| 01940 | $173,214 |
| Lynnfield town | $175,265 |
| Peabody city | $96,657 |
| Essex County | $101,883 |
Get Median Household Income for all Zip Codes in Massachusetts.
The average household income ($222,045) for 01940 is less than the average household income for Lynnfield town ($224,443). But it's more than 01960 ($123,363), 01906 ($121,479), 01949 ($198,329), 01864 ($206,577), 01867 ($195,473), 01880 ($164,954), 01904 ($123,337), Essex County ($140,098), and Peabody city ($123,533).
| 01940 | $222,045 |
| Lynnfield town | $224,443 |
| Peabody city | $123,533 |
| Essex County | $140,098 |
Get Average Household Income for all Zip Codes in Massachusetts.
The per-capita income for 01940 is $78,738. The per capita income ($78,738) for 01940 is more than 01960 ($50,850), 01904 ($42,883), 01906 ($48,230), 01949 ($64,840), 01864 ($77,099), 01867 ($74,991), 01880 ($67,454), Essex County ($54,665), Lynnfield town ($78,330), and Peabody city ($51,060).
| 01940 | $78,738 |
| Lynnfield town | $78,330 |
| Peabody city | $51,060 |
| Essex County | $54,665 |
Get Per-Capita Income for all Zip Codes in Massachusetts.
41.3% of households make over $200,000 a year. The percent high income households (41.3%) for 01940 is less than the percent high income households for Lynnfield town (41.8%). But it's more than 01960 (17.0%), 01906 (14.1%), 01949 (37.9%), 01864 (34.7%), 01867 (40.8%), 01880 (30.6%), 01904 (16.1%), Essex County (21.0%), and Peabody city (17.0%).
| 01940 | 41.3% |
| Lynnfield town | 41.8% |
| Peabody city | 17.0% |
| Essex County | 21.0% |
Get High Income Households for all Zip Codes in Massachusetts.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 01940 | $-1 | $229,286 | $196,196 | $89,226 |
| Lynnfield town | $-1 | $229,949 | $197,337 | $87,798 |
| Peabody city | $-1 | $124,260 | $122,358 | $64,397 |
| Essex County | $62,406 | $110,658 | $128,671 | $66,414 |
Get Median Household Income by Age of Householder for all Zip Codes in Massachusetts.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 01940 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the 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+ | |||||
| 01940 | +/-$23,903 | +/-$21,913 | +/-$7,959 | +/-5.0% | +/-$-1 | +/-$38,048 | +/-$41,949 | +/-$17,563 |
| Lynnfield town | +/-$23,300 | +/-$22,280 | +/-$7,944 | +/-5.1% | +/-$-1 | +/-$36,012 | +/-$52,889 | +/-$15,296 |
| Peabody city | +/-$3,634 | +/-$5,941 | +/-$2,769 | +/-1.7% | +/-$-1 | +/-$8,191 | +/-$7,038 | +/-$6,231 |
| Essex County | +/-$1,515 | +/-$2,122 | +/-$814 | +/-0.5% | +/-$8,262 | +/-$3,264 | +/-$2,765 | +/-$2,477 |