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Population in zip code 01940 is 12,019 residents | Male to Female ratio is 1:1.01 | Zip Code 01940 land area is 10.5485 sq. miles | Population density is 1,139.40 residents per square mile

Median Age in Zip Code 01940

  Median Age
Zip Code Median Age 43.8
Median Age - Male 42.9
Median Age - Female 45.1

Median age of zip code 01940 is 5.3% higher compared to nearby zip codes and 17.7% higher compared to the United States median age. Comparing gender-specific madian age yields the following results. Male median age of zip code 01940 is 6.2% higher compared to nearby zip codes and 19.8% higher compared to the United States male median age. Female zip code 01940 median age is 5.6% higher in comparison to nearby zip codes and 17.1% higher compared to female national median age average.

Population Breakdown By Age

Racial makeup of Zip Code 01940

White population 11261
African American population 56
Asian population 572
American Indian and Alaska Native population 0
Native Hawaiian and other Pacific Islander population 14
Other population 1

Region of Birth

Zip Code 01940 Ancestry Distribution

Arab 0.1% Czech 0.1%
Danish 0.2% Dutch 0.3%
English 14.3% French No Basque 4.5%
French Canadian 3.7% German 4.9%
Greek 3.5% Hungarian 0.2%
Irish 27.6% Italian 28.1%
Lithuanian 0.8% Norwegian 0.7%
Polish 4.6% Portuguese 0.8%
Russian 3% Scotch-Irish 1.8%
Scottish 2.7% Slovak 0%
Subsaharan African 0.5% Swedish 2.5%
Swiss 0.1% Ukrainian 0.2%
USA 3.9% Welsh 0.4%
West Indian No Hispanic Groups 0.2% Other Ancestries 9%

Family type by presence of children under 18 by age in zip code 01940

Family Type Distribution
Total families 3358
Married couples 88.48%
Other couples 11.52%

Family and Household Income Distribution in Zip Code 01940

  Family income (%) Household income (%)
$30,000 or less 5.54% 15.61%
$30,000 and $50,000 7.83% 8.88%
$50,000 and $100,000 29.69% 24.37%
$100,000 and $200,000 36.48% 34.8%
$200,000 or more 20.46% 16.35%

Household language in zip code 01940

English language 90.65%
Spanish language 0.99%
Other European language 5.75%
Asian language 2.61%
Other language 0%

Population by housing unit in zip code 01940

Total Occupied housing units 4325
Detached housing units 83.63%
Attached housing units 2.06%
2 units 2.47%
3 - 4 units 3.77%
5 - 9 units 1.25%
10 - 19 units 3.47%
20 - 49 units 0.3%
50 or more units 3.05%
Mobile homes 0%
Boats, RVs, Vans 0%

Means of transportation to work in zip code 01940

Use car, track or Van 87.62%
Use public transportation 2.13%
Use Motorcycle 0%
Use bicycle 0%
Walk to work 1.25%
Work at home 9%

School attendance in zip code 01940

Attent Preschool programs 3.68%
Attend Public School 19.57%
Attend college undergraduate program 4.4%
Attent graduate studies 1.29%
Not enrolled in school 71.06%

Highest school attainment in zip code 01940

Less then 9th grade 1.13%
Grade 9 to 12, no diploma 2.65%
High school diploma 25.05%
Some college, no degree 20.14%
Associate degree 12.87%
Bachelor's degree 32.88%
Graduate or professional degree 5.28%

Real Estate in zip code 01940

Housing occupied 93.11%
Housing vacant 6.89%
Housing occupied by owner 86.89%
Housing occupied by tenant 13.11%
Total Rented Units 567
Median Contract Gross Rent $1,197
Median Gross Rent $1,243
Median Home Value $534,800

Contract rent is the monthly cash rent agreed to, regardless of any furnishings, utilities, fees, meals, or services that may be included. Gross rent is the contract rent plus the estimated average monthly cost of utilities and fuels if these are paid by the renter. In zip code 01940 median gross rent is 3.84% larger then the median contract rent.

Average estimated apartment rent in zip code 01940

Studio $900
1 Bedroom $950
2 Bedrooms $1,120
3 Bedrooms $1,340
4 Bedrooms $1,470
AVERAGE RENT $1,265

Average rent in zip code 01940 ($1,265.00) is 2.6% higher compared to nearby zip codes and 35.3% higher compared to the average rent in the US. The following illustrates how zip code 01940 rent compares to the nearby zip code rents by unit type: studio apartment rent is 6.1% lower, one bedroom apartment rent is 6.6% lower, two bedroom rent is 6.2% lower, three bedroom rent is 6.2% lower, four bedroom rent is 6.2% lower.

Housing units in zip code 01940

Total housing units 4645
Detached housing units 82.09%
Attached housing units 2.69%
2 units 2.3%
3 - 4 units 4.09%
5 - 9 units 1.16%
10 - 19 units 3.23%
20 - 49 units 0.28%
50 or more units 4.16%
Mobile homes 0%
Boats, RVs, Vans 0%

Real Estate taxes paid in zip code 01940

Total Real Estate Taxes $24,592,900
Real estate taxes paid for units with a mortgage $18,247,500
Real estate taxes paid for units with no mortgage $6,345,500

Compare Zip Codes

or compare zip code 01940 to other nearby zip codes.

Nearby Zip Code Income Per Capita Comparison

Zip Codes Near 01940

Zip Code City County Distance
01960 Peabody Essex 2.8 ml
01880 Wakefield Middlesex 3.08 ml
01867 Reading Middlesex 3.97 ml
01864 North Reading Middlesex 4.29 ml
01904 Lynn Essex 4.47 ml
01906 Saugus Essex 4.51 ml
01923 Danvers Essex 5.01 ml
01905 Lynn Essex 5.24 ml
02176 Melrose Middlesex 5.28 ml
02180 Stoneham Middlesex 5.37 ml