ZIP Code 33040: Population, Income, Housing

State: FL
Total population: 35,429 Household income: $86,586 Rent: $2,167

Overview

Total population
35,429
Rent
$2,167
Year built
1974
Household income
$86,586
Per capita income
$57,545
Poverty rate
10%
Unemployment rate
N/A
Household size
2.4 persons
Rent over 30% of income
64.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Florida
County
Monroe County
Total population
35,429
Adults over 25
27,739
Total households
14,574
Household size
2.4 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$86,586
Per capita income
$57,545
Poverty rate
10%
Unemployment rate
N/A
Rent over 30% of income
64.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$2,167
Year built
1974
Households that rent
49.8%
Households that own
50.2%
Rooms per home (all homes)
4.2

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
61.4%
Black
14.4%
Asian
2%
Two or more races
16.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
25.4%
Not Hispanic or Latino
74.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
18,179 (89%)
Commute time to work
16 mins
Work from home
2,239 (11%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
24.9%
High school graduate or GED
28.3%
Some college or associate degree
8.6%
Bachelor’s degree or higher
38.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 33040 with: Monroe County, FL Florida United States

ZIP 33040

Total population35,429
Rent$2,167
Year built1974
Household income$86,586
Per capita income$57,545
Poverty rate10%
Unemployment rateN/A

Monroe County, FL

Total population81,860
Rent$1,999
Year built1982
Household income$87,738
Per capita income$59,543
Poverty rate10.6%
Unemployment rate2.1%

Florida State

Total population22,416,077
Rent$1,669
Year built1988
Household income$74,568
Per capita income$42,609
Poverty rate12.6%
Unemployment rate3.4%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP33040 CountyMonroe, FLStateFloridaCountryUnited States
Total population35,42981,86022,416,077334,922,499
Rent$2,167$1,999$1,669$1,413
Year built1974198219881980
Household income$86,586$87,738$74,568$80,734
Per capita income$57,545$59,543$42,609$44,673
Poverty rate10%10.6%12.6%12.5%
Unemployment rateN/A2.1%3.4%4%

View the full multi-level comparison →

 

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Summary for 33040

Rent & Income

In 33040, the typical monthly rent is $2,167 and the typical household income is $86,586. Rent here is higher than Florida, and household income is higher than Florida. The estimated poverty rate is 10%.

Housing & Affordability

Renters make up about 49.8% of households, indicating a relatively balanced mix of renters and owners. About 64.3% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 38.2% of adults holding a bachelor’s degree or higher.

 

ZIP 33040 — Rent vs Household Income

 

 

ZIP 33040 — Poverty

 

 

How ZIP 33040 compares in Florida (299 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $2,167 268 / 299 from lower rent $999 – $3,263
Household income $86,586 78 / 299 from higher income $30,514 – $176,641
Poverty rate 10% 103 / 299 from lower poverty 2.8% – 48.7%

Rankings are calculated among ZIP Codes in Florida with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 33040

Rent

When it comes to rent, ZIP Code 33040 ranks 268th out of 299 ZIP Codes in Florida. Statewide, values range from $999 in ZIP 34142 up to $3,263 in ZIP 33076.

Household income

Income-wise, this area is placed 78th out of 299 ZIP Codes. Across Florida, figures vary from $30,514 in ZIP 32209 up to $176,641 in ZIP 33076.

Poverty rate

When it comes to poverty, ZIP Code 33040 places 103rd out of 299 ZIP Codes. Throughout Florida, numbers span from 2.8% in ZIP 32259 up to 48.7% in ZIP 32304.

 

💰 Rent in ZIP Code 33040 (with Utilities)

Estimated Monthly Rent: $2,167 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 33040

Annual Household Income: $86,586

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 33040

Estimated Rate: 10%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 33040

In ZIP Code 33040, households that rent: 7,258 (49.8%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 7,258 49.8%
Owner-Occupied 7,316 50.2%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 33040

In ZIP Code 33040, cost-burdened renters (households spending over 30% of income on housing): 4,667 (64.3%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 4,667 64.3%
Other renter households 2,591 35.7%
Total renter households 7,258 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 33040

Less than High School: 6,917 people (24.9%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,854 people (28.3%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,383 people (8.6%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 10,585 people (38.2%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 27,739

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.