4040 Zip Code Income, Population and Demographics

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In this article, we'll explore most of the 190+ data points we have for 4040, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

4040 is a zip code in Cumberland County and Oxford County, Maine, which covers Bridgton, Harrison, and Sweden, with a total population of 2,952 people.

The data on this page is from the 2021 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2021, the median household income in 4040 is $50,476.00.

The chart below shows the average household income by age in 4040.

• Under 25
  $0.00
• 25 to 44
  $50,625.00
• 45 to 64
  $65,341.00
• 65 and over
  $37,000.00

Average Household Income

A very commonly asked question is "what is the average household income in the 4040 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 4040 is $63,466.00.

2.59% of households in the 4040 zip code are classed as high income households (making $200,000+ per year).

Household Income Tiers for 4040

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 4040 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  25.18%
• $25,000 to $49,999
  23.96%
• $50,000 to $74,999
  20.14%
• $75,000 to $99,999
  14.46%
• $100,000 to $149,999
  9.35%
• $150,000 to $199,999
  4.32%
• $200,000 or more
  2.59%

Per Capita Income

The per capita income is the average income of all people in the 4040 zip code. This is calculated by dividing the total income of all people in 4040 by the total number of people in 4040.

It differs from the average or mean household income because it includes all people in 4040 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 4040 zip code is $31,584.00.

Population in 4040 by Race and Ethnicity

The total population in 4040 is currently 2,952 people.

The race and ethnicity of the population in 4040 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 4040 zip code.

• 92.30% White
  2,725
• 0.00% Black/African American
  0
• 0.90% Native
  26
• 2.00% Hispanic
  58
• 1.60% Asian
  46
• 0.00% Hawaiian/Pacific Islander
  0
• 3.30% Two or more races
  97
• 0.00% Other
  0

Population of 4040 by Age and Gender

Another very important demographics statistic for the 4040 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 4040 zip code.

• Master's degree or higher
  10.68%
• Bachelor's degree
  22.15%
• Some college or associate's degree
  7.38%
• High school diploma or equivalent
  57.52%
• Less than high school diploma
  2.27%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 4040 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 4040 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 4040 zip code that are over the age of 16.

The current population in 4040 that are over the age of 16 is 2,575 people.

The unemployment rate in 4040 is 3.20%, which means 943 people are unemployed.

Median Age in 4040

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 4040 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 4040 is 53.6 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 4040

53.6

Total

53.6

Male

53.8

Female

Households and Families

There are a total of 1,390 households in 4040, and the average household size is 2.12 people.

For families, the total number is 707, and the average family size is 2.86 people.

7.50% of those families in the 4040 zip code are living below the poverty line.

The table below shows the poverty thresholds for 4040 in 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in the 4040 zip code for each type, as well as the average sizes.

Housing Data in 4040

There are total of 2,284 housing units in the 4040 zip code. Of those units, 1,390 (60.86%) are occupied, and 894 (39.14%) are vacant.

Rental Rates

Of the 2,284 housing units in 4040, 110 (4.82%) are occupied by renters. The median rent paid by renters is $775.00.

Owner occupied housing units make up the remaining 54.95% of housing units, with 1,255 housing units in total.

The table below breaks down how much rent is paid by renters in the 4040 zip code.

• No rent paid
  25
• Less than $500
  3
• $500 to $999
  99
• $1,000 to $1,499
  8
• $1,500 to $1,999
  0
• $2,000 to $2,499
  0
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in 4040 is $188,600.00.

The table below breaks down the range of valuations for all properties in 4040.

• Less than $50,000
  25
• $50,000 to $99,999
  243
• $100,000 to $149,999
  131
• $150,000 to $199,999
  295
• $200,000 to $299,999
  288
• $300,000 to $499,999
  213
• $500,000 to $999,999
  52
• $1,000,000 or more
  8

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 4040 zip code.

• 1939 or earlier
  469
• 1940 to 1949
  26
• 1950 to 1959
  67
• 1960 to 1969
  198
• 1970 to 1979
  319
• 1980 to 1989
  347
• 1990 to 1999
  338
• 2000 to 2009
  459
• 2010 to 2013
  61
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 4040 has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  28
• 1 vehicle available
  564
• 2 vehicles available
  485
• 3 or more vehicles available
  313

Commuting to Work in 4040

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 4040 zip code, how they commute, and how that correlates to other data points.

The average travel time is 29.5 minutes, and the chart below covers the range of travel times across the population of 4040.

• Less than 5 minutes
  38
• 5 to 9 minutes
  49
• 10 to 14 minutes
  187
• 15 to 19 minutes
  108
• 20 to 24 minutes
  333
• 25 to 29 minutes
  56
• 30 to 34 minutes
  211
• 35 to 39 minutes
  19
• 40 to 44 minutes
  9
• 45 to 59 minutes
  130
• 60 to 89 minutes
  161
• 90 or more minutes
  33

We can also look at the means of transport in 4040 to see which modes of transport people are using to commute to work.

• Drove alone
  1,236
• Carpooled
  98
• Public transportation
  0
• Walked
  0
• Other means
  0
• Worked from home
  217

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 4040 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 4040.

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