02740 Zip Code

April 20, 2024

Zip Code:	02740
City/Town:	New Bedford
State:	Massachusetts

Population:	43,087
Per Capita Income:	$18,762
Mean Household Income:	$48,434

Total Housing Units:	17,884
Median Home Value:	$107,100
Median Year Homes Built:	1940

Land Area:	5.7 sq miles 14.7 sq kilometers
Water Area:	0.8 sq miles 2.1 sq kilometers

Population Information (02740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

43,087

Male:

20,401

47.3%

49.2%

Female:

22,686

52.7%

50.8%

Median Age:

37.9 yrs

37.2 yrs

Under 5 years:

2,757

6.4%

6.5%

5 to 9 years:

2,553

6.5%

6.6%

10 to 19 years:

5,463

12.7%

13.8%

20 to 29 years:

6,383

14.8%

13.8%

30 to 39 years:

5,517

12.8%

13.0%

40 to 49 years:

5,611

13.0%

14.2%

50 to 59 years:

5,662

13.1%

13.6%

60 to 69 years:

4,123

9.6%

9.4%

70 to 79 years:

2,586

6.0%

5.4%

80 years and over:

2,432

5.6%

3.7%

Housing Information (02740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$107,100

$119,600

Median year homes build:

1940

1971

Median real estate taxes:

$1,415 / yr.

$1,334 / yr.

Median rent:

$367 / mo.

$519 / mo.

Total households:

17,884

Family households:

10,264

57.4%

66.4%

Nonfamily households:

7,620

42.6%

33.6%

Households with individuals under 18 years:

5,384

30.1%

33.4%

Households with individuals 65 years and over:

4,793

26.8%

24.9%

Average household size:

2.3

Average family size:

3.0

Total housing units:

19,943

Occupied housing units:

17,884

89.7%

88.6%

Vacant housing units:

2,059

10.3%

11.4%

For rent:

1,105

5.5%

3.1%

Rented, not occupied:

0.3%

0.2%

For sale only:

204

1.0%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

0.2%

3.5%

All other vacants:

564

2.8%

Homeowner vacancy rate:

2.7%

2.4%

Rental vacancy rate:

9.4%

9.2%

Owner-occupied housing units:

7,295

Population in owner-occupied housing units:

18,531

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

10,589

Population in renter-occupied housing units:

23,141

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (02740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

28,822

Less than 9th grade:

6,201

21.5%

6.2%

9th to 12th grade, no diploma:

5,376

18.7%

8.7%

High school graduate (includes equivalency):

8,109

28.1%

29.0%

Some college, no degree:

4,155

14.4%

20.6%

Associate degree:

1,458

5.1%

7.5%

Bachelor's degree:

2,383

8.3%

17.6%

Graduate or professional degree:

1,140

4.0%

10.3%

Percent high school graduate or higher:

59.8%

85.0%

Percent bachelor's degree or higher:

12.2%

27.9%

Income Information (02740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

14,285

33.2%

50.4%

Median income:

$21,481 / yr.

$27,932 / yr.

Full-time, year-round workers:

6,347

14.7%

59.7%

Median income:

$32,060 / yr.

$38,349 / yr.

Females 15 years and over with income:

16,967

39.4%

49.6%

Median income:

$12,033 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,884

11.3%

40.3%

Median income:

$23,282 / yr.

$28,135 / yr.

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