42040 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Graves County
Centroid: Latitude 36.678, Longitude -88.536
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 42040 has segments in 2 Counties (Calloway, Graves).

Businesses Addresses: 17
PO Box Addresses: 35
Residential Addresses: 476

Multi-Family Addresses: 1
Single Family Addresses: 475

Foreclosures in KY 42040

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Farmington, KY 42040 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	1,122 (100%)
Population in Households	1,122 (100.0%)
Population in Families	932 (83.1%)
Population in Group Quarters¹	0
Population Density	34
Diversity Index²	21


INCOME
Median Household Income	$66,219
Average Household Income	$91,677
% of Income for Mortgage⁴	12%
Per Capita Income	$38,441
Wealth Index⁵	83

HOUSING
Total HU (Housing Units)	496 (100%)
Owner Occupied HU	385 (77.6%)
Renter Occupied HU	68 (13.7%)
Vacant Housing Units	42 ( 8.5%)
Median Home Value	$154,032
Average Home Value	$193,377
Housing Affordability Index³	221

HOUSEHOLDS
Total Households	454
Average Household Size	2.47
Family Households	316
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Farmington, KY 42040 - Peer Comparisons by Rank and Percentile

The table below compares 42040 to the other 754 ZIP Codes in Kentucky by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	1.01%	0.56%
Households	1.20%	0.48%
Families		0.38%
Median Household Income		3.24%
Per Capita Income		2.28%
Owner Occupied HU		0.57%

Variable Description	Rank	Percentile
Total Population	# 432	43rd
Population Density	# 547	28th
Median Household Income	# 111	85th
Housing Affordability Index	# 518	69th
Per Capita Income	# 60	92nd
Diversity Index	# 201	73rd

42040 ZIP Code Profile, Map, Data & Demographics

ZIP Code 42040: Basic Data & USPS Preferred City Name

Farmington, KY 42040 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Farmington, KY 42040 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 42040

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Graves County