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ZIP CODE TABULATION AREA

01940

Massachusetts · 13,285 residents · 10.077 sq mi
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ZIP 01940 is significantly wealthier than the US average, with a median household income of $173,214. Population has held roughly steady since 2024. 63% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $905,400. Poverty is rare here, at 5.9% of residents. Households here earn about 70% more than the Essex County median. Among the 43 ZIP codes in Essex County, 01940 ranks 9th by median household income.

$173,214
US average: $82,259
$905,400
US average: $376,019
62.7%
US average: 35.6%
Age, sex & households
Under 18
27.6%
Age 65+
18.4%
48.6%
51.4%
2.84 people
Race & ethnicity · 2024
2024
White, non-Hispanic81.4%(10,816)
Black1%(134)
Hispanic / Latino5.5%(729)
Asian6.8%(910)
Other5.2%(696)
Diversity Score40.8%(5,424)
Housing
Commute & vehicles
Work & employment
People & community
Affordability & inequality
Within Essex County
Income rank vs other ZIPs
LOWEST9TH OF 43HIGHEST
Adjacent ZIPs
01810$172,606
01830$78,571
01832$83,041
01833$153,750
Frequently asked

How many people live in ZIP code 01940?

ZIP code 01940 has about 13,285 residents according to the 2024 American Community Survey.

What is the median household income in ZIP code 01940?

The typical household in ZIP code 01940 earns about $173,214 a year. Half of households make more than that, and half make less.

Is ZIP code 01940 expensive?

In ZIP code 01940, the median home is worth about $905,400, and the typical rent is about $2,676 a month.

How educated are people in ZIP code 01940?

About 62.7% of adults age 25 and over in ZIP code 01940 hold a bachelor's degree or higher.

What is the poverty rate in ZIP code 01940?

About 5.9% of people in ZIP code 01940 live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR · ZCTA · UPDATED 2024