The ZIP Code 95340 is associated with the city of Merced in California in Merced County. Approximately 17% of the population lives below the poverty line, while the median househould income sits at $55,470. About 84.3% of residents in this California region have a high school degree or higher, while the per capita income is estimated at $28,890. The median age in ZIP Code 95340 is approximately 32.6 years, with 16.1% of residents aged 62 years and older. The current population estimate is 35,827.
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The median household income in ZIP Code 95340 is $55,470, while the region's mean household income is $81,933. Breaking income down further, per capita income in the region is $28,890. The per capita income in ZIP Code 95340 of $28,890 is approximately 21.82% less than the per capita income in the U.S. overall of $36,955. An estimated 16.5% of the population is living below the poverty line in this region. This rate is approximately73.68% higher than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 15.7% of the population in 95340 earn $50,000 to $74,999 per year, while an estimated 13.9% earn $35,000 to $49,999 per year, and 6.6% of 95340 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 7.3% |
| $10,000 to $14,999 per year | 6.6% |
| $15,000 to $24,999 per year | 9.9% |
| $25,000 to $34,999 per year | 8.4% |
| $35,000 to $49,999 per year | 13.9% |
| $50,000 to $74,999 per year | 15.7% |
| $75,000 to $99,999 per year | 11.0% |
| $100,000 to $149,999 per year | 12.1% |
| $150,000 to $199,999 per year | 6.7% |
| $200,000 or more per year | 8.4% |
In ZIP Code 95340, 84.3% of the population graduated high school, while 24.6% have a bachelor's degree or higher. In this region, 7.2% achieved an education level less than 9th grade, while 11.4% hold a graduate or professional degree. Approximately 21.6% in this Merced County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 7.2% |
| 9th to 12th grade, no diploma | 8.5% |
| High school graduate (includes equivalency) | 21.6% |
| Some college, no degree | 27.9% |
| Associate's degree | 10.2% |
| Bachelor's degree | 13.2% |
| Graduate or professional degree | 11.4% |
Looking at race in the population that makes up ZIP Code 95340, 94.6% is one race, while 5.4% are two or more races. Approximately 46.5% of 95340 residents are hispanic or Latino (of any race). The most common race in 95340 (race alone or in combination with one or more other races), is White (68.1%), followed by Some other race (19.9%) .
| Industry | Percent |
|---|---|
| White | 68.1% |
| Black or African American | 6.1% |
| American Indian and Alaska Native | 2.5% |
| Asian | 8.9% |
| Native Hawaiian and Other Pacific Islander | 0.4% |
| Some other race | 19.9% |
Regarding the age of homes in ZIP Code 95340, an estimated 19.0% of homes were built between 1970 and 1979. Additionally, 13.9% of homes in the region were built between 1960 and 1969, while an estimated 0.2% of homes were built between 2010 and 2013 in this Merced County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.3% |
| Built between 2010 and 2013 | 0.2% |
| Built between 2000 and 2009 | 11.7% |
| Built between 1990 and 1999 | 10.4% |
| Built between 1980 and 1989 | 11.9% |
| Built between 1970 and 1979 | 19.0% |
| Built between 1960 and 1969 | 13.9% |
| Built between 1950 and 1959 | 13.9% |
| Built between 1940 and 1949 | 6.9% |
| Built in 1939 or earlier | 11.7% |
Residents of ZIP Code 95340 are younger than average. The median age of 32.6 years in ZIP Code 95340 is approximately 14.44% lower than the overall median age in the U.S. of 38.1 years. About 75.9% of residents are aged 18 years and older, and 16.1% of residents are 62 years and over. Approximately 13.7% of the population in 95340 falls in the age group 25 to 34 years, while an estimated 11.9% are aged 45 to 54 years. On the low end of the scale, 1.4% of 95340 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.6% |
| 5 to 9 years | 8.0% |
| 10 to 14 years | 6.3% |
| 15 to 19 years | 11.4% |
| 20 to 24 years | 7.6% |
| 25 to 34 years | 13.7% |
| 35 to 44 years | 9.9% |
| 45 to 54 years | 11.9% |
| 55 to 59 years | 5.6% |
| 60 to 64 years | 6.2% |
| 65 to 74 years | 7.8% |
| 75 to 84 years | 3.7% |
| 85 years and over | 1.4% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 95340 is current access to health insurance, as an estimated 87.6% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 95340 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 87.6% |
| Risk Behavior | Percent of adults* |
|---|
In 95340, 57.3% of the population is in the labor force. Recent estimates place 5.0% as working from home, while the total labor force in the region has a mean travel to time to work of 22.2 minutes. Approximately 30.1% of the employed population 16 years and over in 95340 work in educational services, and health care and social assistance, while an estimated 10.2% work in retail trade. On the lower end of the scale, just 1.1% of 95340 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 3.6% |
| Construction | 7.9% |
| Manufacturing | 8.0% |
| Wholesale trade | 2.1% |
| Retail trade | 10.2% |
| Transportation and warehousing, and utilities | 4.6% |
| Information | 1.1% |
| Finance and insurance, and real estate and rental and leasing | 5.8% |
| Professional, scientific, management, and administrative | 7.4% |
| Educational services, and health care and social assistance | 30.1% |
| Arts, entertainment, and recreation, and accommodation and food services | 7.9% |
| Other services, except public administration | 4.7% |
| Public administration | 6.7% |
In ZIP Code 95340, 64.9% of the population lists "English only" as the language spoken in home, while 27.4% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 2.5% of homes, and other Indo-European languages are spoken in 5.0% 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 Merced County region.
| Language Spoken | Percent |
|---|---|
| English only | 64.9% |
| Spanish | 27.4% |
| Other Indo-European languages | 2.5% |
| Asian and Pacific Islander languages | 5.0% |
| Other languages | 0.2% |
Regarding consumer complaints about financial products in ZIP Code 95340, credit reporting or other personal consumer reports have received the most complaints in 95340 in the past 12 months. Credit reporting or credit repair services received the second most complaints. The most frequent complaint overall in this Merced County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or other personal consumer reports | 276 |
| Credit reporting or credit repair services | 95 |
| Checking or savings account | 22 |
| Credit card or prepaid card | 18 |
| Mortgage | 11 |
| Other | 29 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 188 |
| Improper use of your report | 71 |
| Problem with a credit reporting company's investigation | 59 |
| Problem with a company's investigation into an existing problem | 54 |
| Managing an account | 19 |
| Other | 60 |
Regarding solar power potential, ZIP Code 95340 has an average daily solar radiation level of 5.95 kWh/m2/day. This is approximately 44.42% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 9.71% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 95340 | 15.39¢/kWh | 10.2¢/kWh | 11.45¢/kWh |
| California | 30.22¢/kWh | 23.8¢/kWh | 19.05¢/kWh |
| United States | 15.95¢/kWh | 12.89¢/kWh | 8.32¢/kWh |
| Month | ZIP Code 95340 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.55 | 1.9 | 5.84 |
| Feb | 4.67 | 3 | 6.31 |
| Mar | 5.86 | 3.65 | 7.02 |
| Apr | 6.69 | 5.13 | 7.3 |
| May | 6.88 | 5.17 | 7.13 |
| Jun | 7.06 | 5.72 | 6.95 |
| Jul | 7.25 | 6.22 | 6.51 |
| Aug | 7.36 | 6.08 | 6.65 |
| Sep | 7.28 | 5.15 | 7.02 |
| Oct | 6.52 | 3.32 | 6.92 |
| Nov | 4.63 | 2.33 | 5.99 |
| Dec | 3.59 | 1.78 | 5.46 |