Income and Demographics Data for 02420
In this article we'll explore the latest income and demographic statistics from the 2019 5-Year American Community Survey. 02420 is a Massachusetts zip code which covers Lexington.
02420 Income Statistics
The median household income for 02420 is $195,494.00, which is higher than the average median household income of $81,215.00 for Massachusetts.
The mean household income for the 02420 zip is $240,781.00. That figure is higher than the state average of $111,498.00.
The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.
Both metrics are important when looking at the income statistics for 02420 but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.
The table below shows the median and mean household income for 02420 as well as median income by householder age and per capita income.
|Median household income||$195,494.00|
|Median household income (householder under 25)||$0.00|
|Median household income (householder 25 to 44)||$236,750.00|
|Median household income (householder 45 to 64)||$232,500.00|
|Median household income (householder 65 and over)||$108,056.00|
|Mean household income||$240,781.00|
|Per capita income||$82,843.00|
*in 2019 inflation-adjusted dollars
Household Earnings for 02420
Another important metric when looking at the income and demographics of an area like 02420 is 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.
In the table below, we've put together the latest household earnings income tiers for 02420. The actual results are more granular than this, but we've simplified the brackets to make it easier to view. The raw data which can be purchased above or below will include all of the income tiers.
|Earnings||Number of Households|
|Less than $24,999||343 (6.81%)|
|$25,000 to $49,999||331 (6.57%)|
|$50,000 to $74,999||327 (6.49%)|
|$75,000 to $99,999||252 (5.00%)|
|$100,000 to $149,999||724 (14.38%)|
|$150,000 to $199,999||662 (13.15%)|
|$200,000 or more||2,397 (47.60%)|
For the zip code 02420, the percentage of households classed as high-income households (making $200,000+ per year) is 47.60%, which is higher than the state average of 13.18% for Massachusetts.
Race and Ethnicity
The race and ethnicity of the population in a given area can be very important marketing and demographic datapoints in a multi-cultural 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 table below breaks down the number of people and percentage for each race and ethnicity in the 02420 zip code area.
|Two or more races||444||3.00%|
Age and Gender
Another very important demographic statistic for 02420 is the age and gender of the population. This is yet another data point which can be used in research of the area to identify the people that are important to you and your business needs.
We are showing age groups below in 10 year granularity but the actual raw data that can be purchased from us above and below will include data at a 5 year granularity level.
|0 to 9 Years||863||905|
|10 to 19 Years||1232||1315|
|20 to 29 Years||419||342|
|30 to 39 Years||515||666|
|40 to 49 Years||1208||1222|
|50 to 59 Years||1261||1185|
|60 to 69 Years||850||907|
|70 Years and over||771||1057|
All Demographic Statistics for 02420
The list below covers all of the data you get when you purchase from Name Census, including margins of error for each data point so you know how accurate the provided numbers really are.
- Median household income
- Median household income by age
- Mean household income
- Per capita income
- Household income tiers
Race and Ethnicity
- Total population
- Black or African
- American Indian and Alaska Native
- Hawaiian and Pacific Islander
Age and Gender
- Gender and age statistics
- Male/female gender sorted by age groups
- 5 years group granularity (i.e 20-24)
- Population by educational attainment
- No diploma
- High school
- Some college
- Bachelors degree
- Masters degree
- Doctorate degree
Poverty and Unemployment
- Population by poverty and unemployment rate
- Total households
- Percent below the poverty level
- GINI index of income inequality
- House value
- Rental costs
- Year structure was built
- Vehicles available
- Owner/renter occupied units
Household and Families
- Average household size
- Total familes
- Married couple families with and without children under 18
- Single male/female with and without children under 18
Transportation to Work
- Drove alone
- Public transport
- Worked from home
- Other means (motorcycle/bicycle)
- Average commute time (in minutes)
- Moved since previous year
- Same house last year
- Moved within same county
- Moved from different county in the same state
- Moved from a different state
- Moved from abroad
Data Source and Reference
The income and demographics statistics used in this article are from the most recent American Community Survey 2019 5-year estimates released by the US Census Bureau.
We take this raw data, consolidate it and format it into a more useable structure so that it can be used for sales, marketing, and business development purposes.
If you use any of the information from this page, please use the tool below to link or reference Name Census wherever you use it.
Link To or Reference This Page
We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.
If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!
"02420 Zip Income and Demographic Statistics". NameCensus.com. Accessed on January 27, 2022. http://namecensus.com/demographics/massachusetts/02420/.
"02420 Zip Income and Demographic Statistics". NameCensus.com, http://namecensus.com/demographics/massachusetts/02420/. Accessed 27 January, 2022
02420 Zip Income and Demographic Statistics. NameCensus.com. Retrieved from http://namecensus.com/demographics/massachusetts/02420/.