87416 Zip Code Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for the 87416 zip code? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for 87416, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

87416 is a zip code in San Juan County, New Mexico, which covers Farmington CCD and Nenahnezad-Burnham, with a total population of 4,470 people.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in 87416 is $42,346.00.

The chart below shows the average household income by age in 87416.

  • Under 25
    $0.00
  • 25 to 44
    $41,250.00
  • 45 to 64
    $56,167.00
  • 65 and over
    $35,583.00

Average Household Income

A very commonly asked question is "what is the average household income in the 87416 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 87416 is $58,844.00.

1.60% of households in the 87416 zip code are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

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 87416 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.

Household Income Tiers for 87416

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 87416 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
    27.26%
  • $25,000 to $49,999
    27.99%
  • $50,000 to $74,999
    18.80%
  • $75,000 to $99,999
    8.24%
  • $100,000 to $149,999
    9.18%
  • $150,000 to $199,999
    6.92%
  • $200,000 or more
    1.60%

Per Capita Income

The per capita income is the average income of all people in the 87416 zip code. This is calculated by dividing the total income of all people in 87416 by the total number of people in 87416.

It differs from the average or mean household income because it includes all people in 87416 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 87416 zip code is $21,009.00.

Population in 87416 by Race and Ethnicity

The total population in 87416 is currently 4,470 people.

The race and ethnicity of the population in 87416 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 87416 zip code.

  • 0.20% White
    11
  • 96.40% Black/African American
    4,308
  • 4.00% Native
    181
  • 2.00% Hispanic
    88
  • 0.00% Asian
    0
  • 88.80% Hawaiian/Pacific Islander
    3,968
  • 0.00% Two or more races
    0
  • 0.50% Other
    24

Population of 87416 by Age and Gender

Another very important demographics statistic for the 87416 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.

Age Group Male Female
0 to 9 Years 266 185
10 to 19 Years 295 304
20 to 29 Years 312 305
30 to 39 Years 368 260
40 to 49 Years 233 252
50 to 59 Years 273 295
60 to 69 Years 355 400
70 Years and over 174 193

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 87416 zip code.

  • Master's degree or higher
    8.12%
  • Bachelor's degree
    19.05%
  • Some college or associate's degree
    6.39%
  • High school diploma or equivalent
    64.77%
  • Less than high school diploma
    1.66%

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 87416 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 87416 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 87416 zip code that are over the age of 16.

The current population in 87416 that are over the age of 16 is 3,652 people.

The unemployment rate in 87416 is 13.20%, which means 228 people are unemployed.

Median Age in 87416

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 87416 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 87416 is 37.9 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 87416

37.9

Total

37

Male

42.2

Female

Households and Families

There are a total of 1,372 households in 87416, and the average household size is 3.26 people.

For families, the total number is 1,034, and the average family size is 3.84 people.

24.40% of those families in the 87416 zip code are living below the poverty line.

The table below shows the poverty thresholds for 87416 in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 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 87416 zip code for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 585 147 302 338
Average Household Size 3.62 3.96 4.6 1.14
Total Families 585 147 302 0
Average Household Size 3.6 3.69 4.38 0

Housing Data in 87416

There are total of 1,710 housing units in the 87416 zip code. Of those units, 1,372 (80.23%) are occupied, and 338 (19.77%) are vacant.

Rental Rates

Of the 1,710 housing units in 87416, 179 (10.47%) are occupied by renters. The median rent paid by renters is $795.00.

Owner occupied housing units make up the remaining 64.09% of housing units, with 1,096 housing units in total.

The table below breaks down how much rent is paid by renters in the 87416 zip code.

  • No rent paid
    97
  • Less than $500
    39
  • $500 to $999
    64
  • $1,000 to $1,499
    76
  • $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 87416 is $87,200.00.

The table below breaks down the range of valuations for all properties in 87416.

  • Less than $50,000
    338
  • $50,000 to $99,999
    270
  • $100,000 to $149,999
    130
  • $150,000 to $199,999
    140
  • $200,000 to $299,999
    83
  • $300,000 to $499,999
    86
  • $500,000 to $999,999
    44
  • $1,000,000 or more
    5

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 87416 zip code.

  • 1939 or earlier
    100
  • 1940 to 1949
    22
  • 1950 to 1959
    62
  • 1960 to 1969
    116
  • 1970 to 1979
    373
  • 1980 to 1989
    346
  • 1990 to 1999
    335
  • 2000 to 2009
    280
  • 2010 to 2013
    76
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 87416 has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    100
  • 1 vehicle available
    391
  • 2 vehicles available
    472
  • 3 or more vehicles available
    409

Commuting to Work in 87416

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 87416 zip code, how they commute, and how that correlates to other data points.

The average travel time is 28.2 minutes, and the chart below covers the range of travel times across the population of 87416.

  • Less than 5 minutes
    17
  • 5 to 9 minutes
    81
  • 10 to 14 minutes
    110
  • 15 to 19 minutes
    75
  • 20 to 24 minutes
    393
  • 25 to 29 minutes
    210
  • 30 to 34 minutes
    255
  • 35 to 39 minutes
    27
  • 40 to 44 minutes
    71
  • 45 to 59 minutes
    81
  • 60 to 89 minutes
    69
  • 90 or more minutes
    49

We can also look at the means of transport in 87416 to see which modes of transport people are using to commute to work.

  • Drove alone
    1,348
  • Carpooled
    78
  • Public transportation
    0
  • Walked
    12
  • Other means
    0
  • Worked from home
    51

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 87416 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 87416.

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!

  • "87416 Zip Code Income, Population and Demographics". NameCensus.com. Accessed on March 29, 2024. https://namecensus.com/demographics/new-mexico/87416/.

  • "87416 Zip Code Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/new-mexico/87416/. Accessed 29 March, 2024

  • 87416 Zip Code Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/new-mexico/87416/.