ZIP Code 04938 -- Farmington, ME

Franklin | 2024 American Community Survey Data

Quick Overview

Population
10,542
Unknown
Median Income
$55,704
Home Value
$172,500
Median Rent
$914
Median Age
38.30
Diversity Index
19.90
Very Low
Cost of Living
67.4
significantly below average
Unemployment
5.0%

About ZIP Code 04938

ZIP code 04938 in Farmington, Maine is a unknown area with a population of 10,542. The median household income is $55,704, which is This is 26% below the national median of $75,000.. The median home value is $172,500, representing a price-to-income ratio of 3.1x . The cost of living is significantly below average with an index of 67.4 (the national average is 100). Residents have a median age of 38.30 years. Approximately 35.4% of adults hold a bachelor's degree or higher. This ZIP code is located in Franklin, ME.

Population & Age

Total Population
10,542
Median Age
38.30
Male Population
4,753
45.1%
Female Population
5,789
54.9%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
19.90 Very Low
White
91.2%
Black or African American
1.1%
Hispanic or Latino
2.2%
Asian
1.2%
Native American
0.1%
Pacific Islander
0.0%
Two or More Races
6.0%
Other Race
0.4%

Racial Composition

Income & Economy

Median Household Income
$55,704
Mean Household Income
$78,743
Per Capita Income
$35,247
Below Poverty Line
14.0%

This is 26% below the national median of $75,000.

Income Distribution

Housing

Median Home Value
$172,500
Median Rent
$914
Total Housing Units
5,187
Occupied Units
4,322
Vacant Units
865
16.7% vacancy
Median Year Built
1975
Owner Occupied
61.0%
Renter Occupied
39.0%
Price-to-Income Ratio 3.1x

Moderately affordable

Ownership vs Rental

Owner 61.0% Renter 39.0%

Education

High School Diploma or Higher 93.9%
Bachelor's Degree or Higher 35.4%
Graduate or Professional Degree 16.4%

Employment & Commuting

Civilian Labor Force
5,562
Employment Rate
95.0%
Unemployment Rate
5.0%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
60.4%
Carpool
7.8%
Public Transit
0.2%
Work from Home
17.4%

Cost of Living Index

67.4
significantly below average

The cost of living in ZIP code 04938 is 32.6% below the national average of 100.

0 National Avg (100) 200

Compare 04938 with:

Compare 04938 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Franklin

ZIP Code City Population Median Income
04239 Jay 4,657 $70,238
04294 Wilton 3,982 $63,104
04983 Strong 2,005 $53,894
04966 Phillips 1,632 $47,969
04947 Kingfield 1,596 $70,104
04955 New sharon 1,550 $63,889

Frequently Asked Questions about ZIP Code 04938

ZIP code 04938 (Farmington, ME) has a total population of 10,542 according to the 2024 American Community Survey. The median age is 38.30 years.

The median household income in ZIP code 04938 is $55,704 per year, based on 2024 Census Bureau data. This is 26% below the national median of $75,000.

ZIP code 04938 is primarily located in Farmington, Maine (ME). It falls within Franklin County.

The median home value in ZIP code 04938 is $172,500, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $914.

The median age in ZIP code 04938 is 38.30 years, compared to the national median of 38.9 years. This makes the area younger than the national average.

ZIP code 04938 has a cost of living index of 67.43 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 04938, 35.43% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 16.39% hold a graduate or professional degree.

The unemployment rate in ZIP code 04938 is 5.03%, which is above the national average of 3.6%. About 17.43% of workers work from home.

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.