Lexington, KY — Demographics & Statistics
ZIP code 40502 serves a portion of Lexington, Kentucky, within Fayette County. This community is home to approximately 50,718 residents, with a median age of 40.3 years. The median household income of $51,812 sits below the national median of $67,521, while median home values of $196,885 are below the national average of $301,500. The area has a owner-majority housing profile, with 62% owner-occupied and 38% renter-occupied units. Cost of living in this part of Lexington is higher than the national baseline, with an index of 102 (100 = national average). With a college-education rate of 41% and an unemployment rate of 2.9%, 40502 reflects the economic character of Fayette County in Kentucky.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 50,718 | — |
| Population | Density (per sq mi) | 21,438 | — |
| Economics | Median Household Income | $51,812 | ↓ 23% vs nat'l avg |
| Economics | Median Home Value | $196,885 | ↓ 35% vs nat'l avg |
| Economics | Cost of Living Index | 102 | ↑ Higher than avg |
| Economics | Unemployment Rate | 2.9% | ↓ 26% vs nat'l avg |
| Economics | Below Poverty Line | 5.4% | ↓ 53% vs nat'l avg |
| Education | College Educated (25+) | 41% | ↑ 17% vs nat'l avg |
| Demographics | Median Age | 40.3 yrs | ↑ 5% vs nat'l avg |
| Housing | Owner-Occupied | 62% | — |
| Housing | Renter-Occupied | 38% | — |
| Housing | Total Housing Units | 22,823 | — |