The 01040 ZIP Code is primarily associated with Holyoke, MA in Hampden County in the United States. The current population estimate is 40,241. In this Massachusetts region, an estimated 79.4% hold a high school degree or higher, and the per capita income is approximately $23,931. Approximately 25% of the population lives below the poverty line, while the median househould income sits at $40,769. The median age in ZIP Code 01040 is approximately 35.2 years, and 17.7% of the region's residents are aged 62 years and older.
7:16 am
4:21 pm
Fair
The median household income in ZIP Code 01040 is $40,769, while the region's mean household income is $59,685. Breaking income down further, per capita income in the region is $23,931. The per capita income in ZIP Code 01040 of $23,931 is approximately 45.31% less than the per capita income in the U.S. overall of $43,761. An estimated 25.4% of the population is living below the poverty line in this region. This rate is approximately167.37% higher than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 14.1% of the population in 01040 earn $50,000 to $74,999 per year, while an estimated 13.8% earn $15,000 to $24,999 per year, and 3.8% of 01040 residents earn $200,000 or more per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 11.9% |
| $10,000 to $14,999 per year | 10.4% |
| $15,000 to $24,999 per year | 13.8% |
| $25,000 to $34,999 per year | 10.0% |
| $35,000 to $49,999 per year | 12.1% |
| $50,000 to $74,999 per year | 14.1% |
| $75,000 to $99,999 per year | 9.2% |
| $100,000 to $149,999 per year | 9.6% |
| $150,000 to $199,999 per year | 5.0% |
| $200,000 or more per year | 3.8% |
In ZIP Code 01040, 79.4% of the population graduated high school, while 21.5% have a bachelor's degree or higher. In this region, 9.2% achieved an education level less than 9th grade, while 8.3% hold a graduate or professional degree. Approximately 33.3% in this Hampden County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 9.2% |
| 9th to 12th grade, no diploma | 11.4% |
| High school graduate (includes equivalency) | 33.3% |
| Some college, no degree | 17.7% |
| Associate's degree | 6.9% |
| Bachelor's degree | 13.3% |
| Graduate or professional degree | 8.3% |
Looking at race in the population that makes up ZIP Code 01040, 97.4% is one race, while 2.6% are two or more races. Approximately 53.9% of 01040 residents are hispanic or Latino (of any race). The most common race in 01040 (race alone or in combination with one or more other races), is White (89.7%), followed by Black or African American (6.3%) .
| Industry | Percent |
|---|---|
| White | 89.7% |
| Black or African American | 6.3% |
| American Indian and Alaska Native | 0.8% |
| Asian | 1.1% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 5.0% |
In ZIP Code 01040, 52.5% of the population lists "English only" as the language spoken in home, while 43.8% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 3.3% of homes, and other Indo-European languages are spoken in 0.3% of homes. Lastly, 0.2% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Hampden County region.
| Language Spoken | Percent |
|---|---|
| English only | 52.5% |
| Spanish | 43.8% |
| Other Indo-European languages | 3.3% |
| Asian and Pacific Islander languages | 0.3% |
| Other languages | 0.2% |
Regarding the age of homes in ZIP Code 01040, an estimated 45.0% of homes were built in 1939 or earlier. Additionally, 14.8% of homes in the region were built between 1950 and 1959, while an estimated 0.1% of homes were built in 2014 or later in this Hampden County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.1% |
| Built between 2010 and 2013 | 0.5% |
| Built between 2000 and 2009 | 3.7% |
| Built between 1990 and 1999 | 3.7% |
| Built between 1980 and 1989 | 8.9% |
| Built between 1970 and 1979 | 7.8% |
| Built between 1960 and 1969 | 8.3% |
| Built between 1950 and 1959 | 14.8% |
| Built between 1940 and 1949 | 7.1% |
| Built in 1939 or earlier | 45.0% |
Residents of ZIP Code 01040 are younger than average. The median age of 35.2 years in ZIP Code 01040 is approximately 7.61% lower than the overall median age in the U.S. of 38.1 years. About 76.2% of residents are aged 18 years and older, and 17.7% of residents are 62 years and over. Approximately 16.5% of the population in 01040 falls in the age group 25 to 34 years, while an estimated 12.8% are aged 45 to 54 years. On the low end of the scale, 2.2% of 01040 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.8% |
| 5 to 9 years | 6.6% |
| 10 to 14 years | 6.0% |
| 15 to 19 years | 6.4% |
| 20 to 24 years | 7.4% |
| 25 to 34 years | 16.5% |
| 35 to 44 years | 11.8% |
| 45 to 54 years | 12.8% |
| 55 to 59 years | 6.1% |
| 60 to 64 years | 5.5% |
| 65 to 74 years | 7.1% |
| 75 to 84 years | 4.8% |
| 85 years and over | 2.2% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 01040 is current access to health insurance, as an estimated 87.9% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 01040 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 87.9% |
| Risk Behavior | Percent of adults* |
|---|
Regarding solar power potential, ZIP Code 01040 has an average daily solar radiation level of 4.8 kWh/m2/day. This is approximately 16.5% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 27.16% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 01040 | 12.24¢/kWh | 12.27¢/kWh | 9.54¢/kWh |
| Massachusetts | 29.17¢/kWh | 20.7¢/kWh | 18.03¢/kWh |
| United States | 16.83¢/kWh | 13.2¢/kWh | 8.21¢/kWh |
| Month | ZIP Code 01040 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.68 | 1.9 | 5.84 |
| Feb | 4.68 | 3 | 6.31 |
| Mar | 5.02 | 3.65 | 7.02 |
| Apr | 5.58 | 5.13 | 7.3 |
| May | 5.21 | 5.17 | 7.13 |
| Jun | 5.52 | 5.72 | 6.95 |
| Jul | 5.81 | 6.22 | 6.51 |
| Aug | 5.76 | 6.08 | 6.65 |
| Sep | 5.44 | 5.15 | 7.02 |
| Oct | 4.37 | 3.32 | 6.92 |
| Nov | 3.63 | 2.33 | 5.99 |
| Dec | 2.85 | 1.78 | 5.46 |
In 01040, 55.2% of the population is in the labor force. Recent estimates place 4.0% as working from home, while the total labor force in the region has a mean travel to time to work of 19.9 minutes. Approximately 32.3% of the employed population 16 years and over in 01040 work in educational services, and health care and social assistance, while an estimated 14.4% work in retail trade. On the lower end of the scale, just 0.3% of 01040 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.3% |
| Construction | 3.5% |
| Manufacturing | 10.2% |
| Wholesale trade | 2.5% |
| Retail trade | 14.4% |
| Transportation and warehousing, and utilities | 5.7% |
| Information | 1.8% |
| Finance and insurance, and real estate and rental and leasing | 5.7% |
| Professional, scientific, management, and administrative | 8.2% |
| Educational services, and health care and social assistance | 32.3% |
| Arts, entertainment, and recreation, and accommodation and food services | 9.2% |
| Other services, except public administration | 2.5% |
| Public administration | 3.6% |
Regarding consumer complaints about financial products in ZIP Code 01040, credit reporting or other personal consumer reports have received the most complaints in 01040 in the past 12 months. Credit reporting or credit repair services received the second most complaints. The most frequent complaint overall in this Hampden County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or other personal consumer reports | 95 |
| Credit reporting or credit repair services | 47 |
| Debt collection | 20 |
| Checking or savings account | 10 |
| Student loan | 7 |
| Other | 20 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 53 |
| Problem with a company's investigation into an existing problem | 36 |
| Improper use of your report | 31 |
| Problem with a credit reporting company's investigation | 19 |
| Written notification about debt | 11 |
| Other | 49 |