48040 can be classified socioeconomically as Lower Middle Class class compared to other ZIP Codes in Michigan based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 48040 is White. The majority race/ethnicity attending public schools in 48040 is White. The current unemployment level in 48040 is 4.2%.
| Population | 9,973 |
| Population Growth Rate | 1.69% |
| Population Density | 1,256 People per Square Mile |
| Total Households | 4,202 |
| Percentage High Income Households | 1.4% |
| Median Household Income (2021) | $59,504 |
| Average Adjusted Gross Income (2021) | $316,750 |
| Current Unemployment Rate (November 2024) | 4.2% |
| Majority Race/Ethnicty | White - 98.11% |
| Public School Majority Race/Ethnicty | White - 93.07% |
48040 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 9,642 | 98.11% |
| Black | 40 | 0.41% |
| Hispanic | 68 | 0.69% |
| Asian | 63 | 0.64% |
| Native American | 15 | 0.15% |
| Hawaiian/Pac. Islander | 0 | 0% |
48040 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 2,755 | 95.1% |
| Black | 43 | 1.48% |
| Hispanic | 79 | 2.73% |
| Asian | 9 | 0.31% |
| Native American | 9 | 0.31% |
| Hawaiian/Pac. Islander | 2 | 0.07% |
48040 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 659 | 10.28% |
| Bachelor Degree | 909 | 14.18% |
| High School Diploma | 2,070 | 32.3% |
| No High School Diploma | 49 | 0.76% |
| GED or Alternate | 289 | 4.51% |
| 1 or More Years of College | 1,097 | 17.12% |
| Associates Degree | 740 | 11.55% |
| Masters Degree | 520 | 8.11% |
| Professional Degree | 66 | 1.03% |
| Doctorate Degree | 10 | 0.16% |