40962 ZIP Code Profile, Map, Data & Demographics

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ZIP Code 40962: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Manchester, KY 40962

Acceptable Alternative
Bluehole, KY 40962
Bright Shade, KY 40962
Chestnutburg, KY 40962
Eriline, KY 40962
Fogertown, KY 40962
Grace, KY 40962
Marcum, KY 40962
Ogle, KY 40962
Plank, KY 40962
Tanksley, KY 40962
Urban, KY 40962
Wildcat, KY 40962

  • ZIP Code Type: STANDARD
  • County: Clay County
  • Centroid: Latitude 37.152, Longitude -83.764
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes

ZIP Code 40962 has segments in 2 Counties (Clay, Laurel).

  • Businesses Addresses: 502
  • PO Box Addresses: 593
  • Residential Addresses: 7,059
    • Multi-Family Addresses: 52
    • Single Family Addresses: 7,007

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.

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Manchester, KY 40962 Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 18,247 (100%)
Population in Households 16,641 (91.2%)
Population in Families 14,012 (76.8%)
Population in Group Quarters1 1,606 ( 8.8%)
Population Density 52
Diversity Index2 18
 
 

INCOME

Median Household Income $33,765
Average Household Income $49,712
% of Income for Mortgage4 16%
Per Capita Income $18,570
Wealth Index5 35
Socioeconomic Status Index6 Low (37.3)
 

HOUSING

Total HU (Housing Units) 7,576 (100%)
Owner Occupied HU 4,699 (62.0%)
Renter Occupied HU 2,028 (26.8%)
Vacant Housing Units 849 (11.2%)
Median Home Value $87,510
Average Home Value $142,254
Housing Affordability Index3 160
 

HOUSEHOLDS

Total Households 6,727
Average Household Size 2.47
Family Households 4,696
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.24% -0.21%
Households -0.17% -0.10%
Families   -0.17%
Median Household Income   1.79%
Per Capita Income   2.34%
Owner Occupied HU   0.06%

Manchester, KY 40962 - Peer Comparisons by Rank and Percentile

The table below compares 40962 to the other 754 ZIP Codes in Kentucky by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 86 89th
Population Density # 401 47th
Median Household Income # 622 18th
Housing Affordability Index # 458 61st
Per Capita Income # 663 12th
Diversity Index # 269 65th

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.


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