40516 can be classified socioeconomically as Middle Class class compared to other ZIP Codes in Kentucky based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 40516 is White. The current unemployment level in 40516 is 4.6%.
| Population | 2,758 |
| Population Growth Rate | 0.00% |
| Population Density | 75 People per Square Mile |
| Total Households | 1,040 |
| Percentage High Income Households | 6.3% |
| Median Household Income (2021) | $81,150 |
| Average Adjusted Gross Income (2021) | $543,120 |
| Current Unemployment Rate (May 2026) | 4.6% |
| Sales Tax Rate (2025) | 6.0% |
| Majority Race/Ethnicty | White - 83.00% |
40516 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 2,231 | 83% |
| Black | 332 | 12.35% |
| Hispanic | 109 | 4.06% |
| Asian | 15 | 0.56% |
| Native American | 1 | 0.04% |
| Hawaiian/Pac. Islander | 0 | 0% |
40516 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 179 | 11.23% |
| Bachelor Degree | 249 | 15.62% |
| High School Diploma | 420 | 26.35% |
| No High School Diploma | 27 | 1.69% |
| GED or Alternate | 50 | 3.14% |
| 1 or More Years of College | 241 | 15.12% |
| Associates Degree | 98 | 6.15% |
| Masters Degree | 215 | 13.49% |
| Professional Degree | 45 | 2.82% |
| Doctorate Degree | 70 | 4.39% |