Zip code 40516: Lexington, Kentucky

Q: What city is zip code 40516?

40516 is assigned to Lexington, Kentucky. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 40516 in?

40516 is mostly in Fayette County, but it extends into 1 other county.

Q: What is the population of 40516?

About 2,926 people live in 40516, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 40516?

The median household income in 40516 is $84,510.

Q: What zip codes are near 40516?

The closest zip codes to 40516 are 40505, 40509, 40512, 40522, 40523.

Residential delivery areaFayette CountyEastern Time

Population

2,926

Median household income

$85K

U.S. $81K

Median home value

$264K

U.S. $333K

Median rent

$1,114/mo

U.S. $1,413

Median age

38.7

U.S. 38.9

Land area

31 sq mi

95 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 40516

40516 is a small-town zip code in Lexington, Kentucky (Fayette County), covering 31 sq mi of land. About 2,926 people live here, or 95 per square mile. The median resident is 38.7 years old, compared with 38.9 nationally.

The median household earns $84,510 a year, close to the national median of $80,734. 15.5% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $264,100, or 3.1 years of median household income (U.S.: 4.1 years), which makes homes relatively affordable for local earners. 81% of occupied homes are lived in by their owners, and renters pay a median of $1,114 a month.

38% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 26.6 minutes each way, and 15% of workers work from home. The most common jobs among working residents are in healthcare; management; and transportation and moving goods.

How 40516 compares

Sorted from highest to lowest national percentile

Healthcare workers14.5%
94th
U.S. 9.7% · KY 10.5%154th of 719 in KY
Homeownership rate81.3%
81st
StrengthU.S. 65.2% · KY 68.3%298th of 719 in KY
Tech workers4.4%
73rd
U.S. 3.8% · KY 2.2%43rd of 719 in KY
Government workers17%
72nd
U.S. 14.5% · KY 14.6%269th of 719 in KY
Poverty rate15.5%
71st
U.S. 12.5% · KY 16.1%404th of 722 in KY
Residents under 1824.4%
70th
U.S. 22% · KY 22.6%229th of 724 in KY
Work from home15.4%
63rd
U.S. 15.1% · KY 10.2%85th of 719 in KY
Bachelor's degree or higher38.2%
62nd
U.S. 35.7% · KY 27.6%60th of 723 in KY
Per capita income$43,141
58th
U.S. $44,673 · KY $35,82165th of 722 in KY
Broadband access93%
58th
U.S. 91% · KY 88.6%145th of 719 in KY
Residents 65 and older17.6%
58th
U.S. 17.2% · KY 17.3%386th of 724 in KY
Median household income$84,510
56th
U.S. $80,734 · KY $63,72674th of 641 in KY
Average commute26.6 min
54th
U.S. 26.4 min · KY 24 min307th of 624 in KY
Median age38.7
48th
U.S. 38.9 · KY 39.1511th of 724 in KY
Self-employed workers8.9%
45th
U.S. 10% · KY 8.6%307th of 719 in KY
Median earnings per worker$45,117
40th
U.S. $49,666 · KY $43,552223rd of 700 in KY
Diversity index41.5
38th
U.S. 61.4 · KY 32.566th of 724 in KY
Uninsured rate5.4%
37th
U.S. 8.4% · KY 6%311th of 723 in KY
Median home value$264,100
36th
U.S. $332,700 · KY $205,60069th of 642 in KY
Rent-burdened renters47.1%
36th
U.S. 51.1% · KY 45.4%253rd of 634 in KY
Median gross rent$1,114
30th
U.S. $1,413 · KY $96763rd of 467 in KY
Foreign-born residents4.5%
26th
U.S. 14.1% · KY 4.7%95th of 724 in KY
Veterans3.7%
23rd
U.S. 6.2% · KY 6.5%538th of 724 in KY
Income inequality (Gini)0.396
18th
StrengthU.S. 0.483 · KY 0.477479th of 715 in KY
Population density95/sq mi
13th
U.S. 95/sq mi · KY 115/sq mi232nd of 724 in KY
Population2,926
5th
U.S. 334,922,499 · KY 4,534,824267th of 724 in KY
Housing vacancy1.7%
2nd
U.S. 10.1% · KY 10.3%647th of 719 in KY
Unemployment rate0.5%
1st
StrengthU.S. 5.2% · KY 4.9%537th of 719 in KY

Measure	40516	Fayette	KY	U.S.	National percentile	Rank in KY
Healthcare workers	14.5%	11.8%	10.5%	9.7%	94th	154th of 719
Homeownership rateStrength	81.3%	53.8%	68.3%	65.2%	81st	298th of 719
Tech workers	4.4%	2.7%	2.2%	3.8%	73rd	43rd of 719
Government workers	17%	16.7%	14.6%	14.5%	72nd	269th of 719
Poverty rate	15.5%	14.9%	16.1%	12.5%	71st	404th of 722
Residents under 18	24.4%	21%	22.6%	22%	70th	229th of 724
Work from home	15.4%	12.2%	10.2%	15.1%	63rd	85th of 719
Bachelor's degree or higher	38.2%	48.3%	27.6%	35.7%	62nd	60th of 723
Per capita income	$43,141	$43,790	$35,821	$44,673	58th	65th of 722
Broadband access	93%	92.5%	88.6%	91%	58th	145th of 719
Residents 65 and older	17.6%	14.7%	17.3%	17.2%	58th	386th of 724
Median household income	$84,510	$69,479	$63,726	$80,734	56th	74th of 641
Average commute	26.6 min	20.9 min	24 min	26.4 min	54th	307th of 624
Median age	38.7	35.3	39.1	38.9	48th	511th of 724
Self-employed workers	8.9%	9.1%	8.6%	10%	45th	307th of 719
Median earnings per worker	$45,117	$44,790	$43,552	$49,666	40th	223rd of 700
Diversity index	41.5	52.1	32.5	61.4	38th	66th of 724
Uninsured rate	5.4%	7.2%	6%	8.4%	37th	311th of 723
Median home value	$264,100	$293,500	$205,600	$332,700	36th	69th of 642
Rent-burdened renters	47.1%	49.7%	45.4%	51.1%	36th	253rd of 634
Median gross rent	$1,114	$1,164	$967	$1,413	30th	63rd of 467
Foreign-born residents	4.5%	11.9%	4.7%	14.1%	26th	95th of 724
Veterans	3.7%	5%	6.5%	6.2%	23rd	538th of 724
Income inequality (Gini)Strength	0.396	0.492	0.477	0.483	18th	479th of 715
Population density	95/sq mi	1,141/sq mi	115/sq mi	95/sq mi	13th	232nd of 724
Population	2,926	323,725	4,534,824	334,922,499	5th	267th of 724
Housing vacancy	1.7%	6.2%	10.3%	10.1%	2nd	647th of 719
Unemployment rateStrength	0.5%	4.9%	4.9%	5.2%	1st	537th of 719

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

Under 5

16%

5–17

18–24

13%

25–34

12%

35–44

45–54

19%

55–64

65–74

11%

75+

Median age

38.7

Under 18

24.4%

65 and over

17.6%

Race and ethnicity

White74%
Black18%
Hispanic5%
Asian1%
Native American0.0%
Pacific Islander0%
Other0%
Multiracial2%

Diversity index

41.5

U.S. 61.4

Foreign-born

4.5%

U.S. 14.1%

Born in state

76.1%

Language spoken at home (households)

English only

92%

Spanish

Other Indo-European

Asian / Pacific

0.8%

Other

Households

Households: 1,184
Average household size: 2.4
Family households: 61.7%
Married couples: 52.1%
Living alone: 31.3%
Veterans (of adults): 3.7%
Male / female: 54% / 46%

Income and poverty

Household income distribution

<$25k

10%

$25–50k

14%

$50–75k

18%

$75–100k

18%

$100–150k

21%

$150–200k

12%

$200k+

Median household income

40516

$84,510

Fayette Co.

$69,479

Kentucky

$63,726

United States

$80,734

Per capita income

$43,141

U.S. $44,673

Poverty rate

15.5%

U.S. 12.5%

Households earning $150K+

18.9%

U.S. 23%

Income inequality (Gini)

0.396

U.S. 0.483

Housing

Median home value

40516

$264,100

Fayette Co.

$293,500

Kentucky

$205,600

United States

$332,700

Median gross rent

40516

$1,114

Fayette Co.

$1,164

Kentucky

$967

United States

$1,413

Types of housing

Single-family

91%

2–4 units

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 1,204
Owner-occupied: 81.3%
Vacant: 1.7%
Median year built: 1992
Median rooms: 6.2
Renters paying 30%+ of income: 47.1%
Renters paying 50%+ of income: 33.3%
Home value to income: 3.1× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

71%

Carpooled

Transit

Walked

Bicycle

Worked from home

15%

Other

Commute time (one way)

<10 min

11%

10–19

21%

20–29

32%

30–44

28%

45–59

0.8%

60+

Average commute

26.6 min

U.S. 26.4 min

Unemployment

0.5%

U.S. 5.2%

In labor force

67.4%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Healthcare

14%

Management

14%

Transportation and moving

10%

Office and admin

10%

Construction and repair

Education

Production

Farming, fishing and forestry

Computer and math

Sales

Business and finance

Legal and social services

Police and fire

Engineering and science

Food service

Cleaning and personal care

0.9%

Arts, media and sports

0.9%

Industries

Education

16%

Health care and social assistance

14%

Agriculture and mining

10%

Transportation, warehousing and utilities

Retail

Public administration

Construction

Professional and technical services

Finance, insurance and real estate

Manufacturing

Other services

Restaurants and hotels

Arts and recreation

Admin, support and management

Information

Wholesale

0.8%

Median earnings per worker

$45,117

U.S. $49,666

Self-employed

8.9%

U.S. 10%

Government workers

17%

U.S. 14.5%

Nonprofit workers

16.1%

U.S. 8.8%

Median earnings by type of work

Type of work	40516	U.S.
Management, business, science and arts	$65,848	$74,888
Service	$14,079	$26,804
Sales and office	$42,688	$40,476
Construction and maintenance	$40,952	$49,199
Production and transportation	$29,375	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

26%

Some college

19%

Associate's

11%

Bachelor's

22%

Graduate

16%

High school graduate or higher: 95.4%
Bachelor's degree or higher: 38.2%
Graduate or professional degree: 16.3%
Households with broadband: 93%
Cable, fiber or DSL: 75.7%
No internet access: 6.5%
Without health insurance: 5.4%
Limited-English households: 0%

Geography

City (USPS): Lexington
State: Kentucky
County: Fayette County
Center point: 38.0718° N, 84.3640° W
Land area: 31 sq mi
Water area: 0.1 sq mi
Time zone: Eastern Time (UTC-5, UTC-4 in summer)
Zip type: Residential delivery area

40516 spans 2 counties

Fayette County86% of land
Bourbon County14% of land

Cities and towns within this zip

Lexington-Fayette86% of zip

Census places overlapping the zip's area. Mail may use a different city name than the municipality.

Zip codes near 40516

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
40505	Lexington, KY	5.1 mi	25,594	$58,206	$179,200
40509	Lexington, KY	5.2 mi	47,036	$94,804	$366,300
40512	Lexington, KY · PO box	6.6 mi	—	—	—
40522	Lexington, KY · PO box	6.6 mi	—	—	—
40523	Lexington, KY · PO box	6.6 mi	—	—	—
40524	Lexington, KY · PO box	6.6 mi	—	—	—
40533	Lexington, KY · PO box	6.6 mi	—	—	—
40544	Lexington, KY · PO box	6.6 mi	—	—	—
40546	Lexington, KY · PO box	6.6 mi	—	—	—
40550	Lexington, KY · PO box	6.6 mi	—	—	—
40555	Lexington, KY · PO box	6.6 mi	—	—	—
40574	Lexington, KY · PO box	6.6 mi	—	—	—

Zip codes like 40516 elsewhere

Matched on income, home values, age, density, education, housing and commuting

Questions about 40516

What city is zip code 40516?

40516 is assigned to Lexington, Kentucky. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 40516 in?

40516 is mostly in Fayette County, but it extends into 1 other county.

What is the population of 40516?

About 2,926 people live in 40516, according to the Census Bureau's American Community Survey.

What time zone is 40516 in?

40516 is in Eastern Time.

What is the median household income in 40516?

The median household income in 40516 is $84,510.

What zip codes are near 40516?

The closest zip codes to 40516 are 40505, 40509, 40512, 40522, 40523.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 40516, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.