05040 Zip Code (VT) Detailed Profile

Estimated zip code population in 2022: 655
Zip code population in 2010: 471
Zip code population in 2000: 389

Houses and condos: 327
Renter-occupied apartments: 37
March 2022 cost of living index in zip code 05040: 92.7 (less than average, U.S. average is 100)

Land area: 10.6 sq. mi.
Water area: 0.1 sq. mi.

Population density: 62 people per square mile

(very low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $3,393 (1.1%)
Median real estate property taxes paid for housing units with no mortgage in 2022: $3,475 (1.8%)

For population 25 years and over in 05040:

• High school or higher: 97.9%
• Bachelor's degree or higher: 31.3%
• Graduate or professional degree: 13.0%
• Unemployed: 8.6%
• Mean travel time to work (commute): 42.6 minutes

For population 15 years and over in 05040:

• Never married: 13.9%
• Now married: 57.2%
• Separated: 0.0%
• Widowed: 5.8%
• Divorced: 23.0%

• 
• • 61593.9%White
  • 406.1%Black

100% rural population.

Averages for the 2020 tax year for zip code 05040, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $59,445 (Individual Income Tax Returns)

Here:	$59,445
State:	$70,107

Salary/wage: $55,405 (reported on 75.9% of returns)

Here:	$55,405
State:	$56,381

(% of AGI for various income ranges: 993.3% for AGIs below $25k, 4017.5% for AGIs $25k-50k, 8223.3% for AGIs $50k-75k, 11385.0% for AGIs $75k-100k, 17473.3% for AGIs $100k-200k)

Taxable interest for individuals: $360 (reported on 34.5% of returns)

This zip code:	$360
Vermont:	$1,276

(% of AGI for various income ranges: 6.7% for AGIs below $25k, 20.0% for AGIs $25k-50k, 30.0% for AGIs $75k-100k, 60.0% for AGIs $100k-200k)

Ordinary dividends: $2,675 (reported on 13.8% of returns)

Here:	$2,675
State:	$8,930

(% of AGI for various income ranges: 356.7% for AGIs $50k-75k)

Net capital gain/loss in AGI: +$7,725 (reported on 13.8% of returns)

Here:	+$7,725
State:	+$19,777

(% of AGI for various income ranges: 83.3% for AGIs below $25k, 1295.0% for AGIs $75k-100k)

Profit/loss from business: +$12,380 (reported on 17.2% of returns)

Here:	+$12,380
State:	+$15,467

(% of AGI for various income ranges: 336.7% for AGIs below $25k, 2085.0% for AGIs $75k-100k)

Taxable individual retirement arrangement distribution: $9,033 (reported on 10.3% of returns)

05040:	$9,033
Vermont:	$17,245

(% of AGI for various income ranges: 451.7% for AGIs below $25k)

Earned income credit: $1,975 (reported on 13.8% of returns)

Here:	$1,975
State:	$1,839

(% of AGI for various income ranges: 131.7% for AGIs below $25k)

Percentage of individuals using paid preparers for their 2020 taxes: 96.6%

Here:	97%
State:	93%

(% for various income ranges: 90.0% for AGIs below $25k, 100.0% for AGIs $25k-50k, 100.0% for AGIs $50k-75k, 100.0% for AGIs $75k-100k, 100.0% for AGIs $100k-200k)

Averages for the 2012 tax year for zip code 05040, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $42,930 (Individual Income Tax Returns)

Here:	$42,930
State:	$55,225

Salary/wage: $38,443 (reported on 85.2% of returns)

Here:	$38,443
State:	$44,925

(% of AGI for various income ranges: 66.2% for AGIs below $25k, 89.3% for AGIs $25k-50k, 81.4% for AGIs $50k-75k, 139.9% for AGIs $75k-100k)

Taxable interest for individuals: $556 (reported on 33.3% of returns)

This zip code:	$556
Vermont:	$1,237

(% of AGI for various income ranges: 1.3% for AGIs below $25k, 0.5% for AGIs $25k-50k, 0.9% for AGIs $75k-100k)

Ordinary dividends: $3,200 (reported on 11.1% of returns)

Here:	$3,200
State:	$7,010

Net capital gain/loss in AGI: +$5,467 (reported on 11.1% of returns)

Here:	+$5,467
State:	+$13,197

Profit/loss from business: +$7,000 (reported on 25.9% of returns)

Here:	+$7,000
State:	+$12,941

Taxable individual retirement arrangement distribution: $5,050 (reported on 7.4% of returns)

05040:	$5,050
Vermont:	$12,934

Total itemized deductions: $15,929 (23% of AGI, reported on 25.9% of returns)

Here:	$15,929
State:	$22,572

Here:	23.3% of AGI
State:	19.9% of AGI

Charity contributions: $1,267 (reported on 11.1% of returns)

Here:	$1,267
State:	$3,170

Taxes paid: $6,257 (reported on 25.9% of returns)

05040:	$6,257
State:	$10,425

Earned income credit: $2,200 (reported on 18.5% of returns)

Here:	$2,200
State:	$1,828

(% of AGI for various income ranges: 8.3% for AGIs below $25k)

Percentage of individuals using paid preparers for their 2012 taxes: 48.1%

Here:	48%
State:	49%

(% for various income ranges: 45.5% for AGIs below $25k, 50.0% for AGIs $25k-50k, 40.0% for AGIs $50k-75k, 100.0% for AGIs $75k-100k)

Averages for the 2004 tax year for zip code 05040, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $35,469 (Individual Income Tax Returns)

Here:	$35,469
State:	$44,564

Salary/wage: $32,689 (reported on 82.2% of returns)

Here:	$32,689
State:	$37,522

(% of AGI for various income ranges: 85.2% for AGIs below $10k, 65.8% for AGIs $10k-25k, 80.3% for AGIs $25k-50k, 88.6% for AGIs $50k-75k, 63.0% for AGIs $75k-100k)

Taxable interest for individuals: $807 (reported on 38.1% of returns)

This zip code:	$807
Vermont:	$1,373

(% of AGI for various income ranges: 2.2% for AGIs below $10k, 1.5% for AGIs $10k-25k, 0.9% for AGIs $25k-50k, 0.2% for AGIs $50k-75k, 1.0% for AGIs $75k-100k)

Taxable dividends: $4,636 (reported on 15.4% of returns)

Here:	$4,636
State:	$4,037

Net capital gain/loss: +$2,083 (reported on 8.4% of returns)

Here:	+$2,083
State:	+$11,311

Profit/loss from business: +$4,193 (reported on 19.9% of returns)

Here:	+$4,193
State:	+$11,197

(% of AGI for various income ranges: -8.6% for AGIs below $10k, 13.4% for AGIs $10k-25k, 2.5% for AGIs $25k-50k, 1.6% for AGIs $50k-75k)

Total itemized deductions: $16,333 (23% of AGI, reported on 22.0% of returns)

Here:	$16,333
State:	$17,791

Here:	22.5% of AGI
State:	20.0% of AGI

Charity contributions deductions: $2,048 (3% of AGI, reported on 14.7% of returns)

Here:	$2,048
State:	$2,686

Here:	2.5% of AGI
State:	2.8% of AGI

Total tax: $3,846 (reported on 77.3% of returns)

05040:	$3,846
State:	$6,533

(% of AGI for various income ranges: 3.7% for AGIs below $10k, 5.6% for AGIs $10k-25k, 7.1% for AGIs $25k-50k, 8.2% for AGIs $50k-75k, 11.2% for AGIs $75k-100k)

Earned income credit: $1,886 (reported on 12.2% of returns)

Here:	$1,886
State:	$1,432

Percentage of individuals using paid preparers for their 2004 taxes: 51.7%

Here:	52%
State:	54%

(% for various income ranges: 36.2% for AGIs below $10k, 66.7% for AGIs $10k-25k, 47.6% for AGIs $25k-50k, 55.6% for AGIs $50k-75k, 62.5% for AGIs $75k-100k)

Nearest zip codes: 05033, 05076, 05051, 05086, 05039, 05081.
No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 18
Household did not receive Food Stamps/SNAP in the past 12 months: 287

Women who had a birth in the past 12 months: 6 (6 now married, 0 unmarried)
Women who did not have a birth in the past 12 months: 80 (24 now married, 54 unmarried)

Housing units in zip code 05040 with a mortgage: 131 (12 second mortgage, 12 both second mortgage and home equity loan)
Houses without a mortgage: 27

Median monthly owner costs for units with a mortgage: $1,752
Median monthly owner costs for units without a mortgage: $778

Residents with income below the poverty level in 2022:
Residents with income below 50% of the poverty level in 2022:

• Zip code 05040 household income distribution in 2022

• 11$15,000 to $19,999
• 17$20,000 to $24,999
• 15$25,000 to $29,999
• 3$30,000 to $34,999
• 39$40,000 to $44,999
• 3$45,000 to $49,999
• 4$50,000 to $59,999
• 16$60,000 to $74,999
• 46$75,000 to $99,999
• 67$100,000 to $124,999
• 8$125,000 to $149,999
• 61$150,000 to $199,999
• 8$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 05040

• 12$70,000 to $79,999
• 2$80,000 to $89,999
• 27$100,000 to $124,999
• 10$125,000 to $149,999
• 41$150,000 to $174,999
• 3$175,000 to $199,999
• 23$200,000 to $249,999
• 66$250,000 to $299,999
• 31$300,000 to $399,999
• 28$400,000 to $499,999

• Rent paid by renters in 2022 in zip code 05040

• 6$500 to $549
• 6$800 to $899
• 24$1,000 to $1,249
• 4No cash rent

Median gross rent in 2022: $1,312.

Estimated median house (or condo) value in 2022 for:

• White Non-Hispanic householders: $264,049

Estimated median house or condo value in 2022: $263,089 Lower value quartile - upper value quartile: $167,030 - $331,614

Housing units in structures:

• One, detached: 312
• Two: 3
• 20 to 49: 4
• Mobile homes: 8

Unemployment: 8.6%

• Means of transportation to work in zip code 05040

• 49.3%161Drove a car alone
• 9.8%32Carpooled
• 5.2%17Walked
• 40.4%132Worked at home

• Travel time to work (commute) in zip code 05040

• 17Less than 5 minutes
• 285 to 9 minutes
• 310 to 14 minutes
• 515 to 19 minutes
• 220 to 24 minutes
• 2425 to 29 minutes
• 1130 to 34 minutes
• 435 to 39 minutes
• 2140 to 44 minutes
• 6245 to 59 minutes
• 1260 to 89 minutes
• 1490 or more minutes

Percentage of zip code residents living and working in this county: 53.7%

Household type by relationship:

Households: 655

• Male householders: 215 (8 living alone), Female householders: 90 (35 living alone)

• 162 spouses (150 opposite-sex spouses), 65 unmarried partners, (65 opposite-sex unmarried partners), 73 children (72 natural, 0 adopted, 0 stepchildren), 0 grandchildren, 0 brothers or sisters, 0 parents, 0 foster children, 0 other relatives, 50 non-relatives

Size of family households: 124 2-persons, 11 3-persons, 18 4-persons, 6 5-persons, 5 6-persons

Size of nonfamily households: 42 1-person, 72 2-persons, 35 4-persons

54 married couples with children.
21 single-parent households (21 men).

99.2% of residents of 05040 zip code speak English at home.
0.3% of residents speak Spanish at home (100% very well).
1.3% of residents speak other Indo-European language at home (100% very well).

Facilities with environmental interests located in this zip code:

• WAITS RIVER VALLEY USD #36 (6 WAITS RIVER VALLEY ROAD in EAST CORINTH, VT)

  (National Center for Education Statistics) - STATE ID-PS310
  

Housing units lacking complete kitchen facilities: 2.1%

Population in 1990: 279. Population change in the 1990s: +110 (+39.4%).

Place of birth for U.S.-born residents:

• This state: 193
• Northeast: 418
• Midwest: 14
• South: 29

60% of the 05040 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 50% lived in this county.
   Out of people who lived in different counties, 50% lived in Vermont.

94% of the 05040 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 12% moved from different county within same state.
   Out of people who lived in different houses, 85% moved from different state.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 3
Students in private schools in grades 9 to 12 (high school): Students in private undergraduate colleges:

Top industries in this zip code by the number of employees in 2005:

• Construction: Finish Carpentry Contractors (5-9 employees: 1 establishment)
• Health Care and Social Assistance: Offices of Physicians (except Mental Health Specialists) (5-9: 1)
• Information: Wired Telecommunications Carriers (5-9: 1)
• Information: Libraries and Archives (1-4: 1)
• Construction: Electrical Contractors (1-4: 1)
• Construction: Other Heavy and Civil Engineering Construction (1-4: 1)

Most common first names in zip code 05040 among deceased individuals
Name	Count	Lived (average)
Harold	5	77.4 years
John	4	80.0 years
Dorothy	3	75.3 years
George	3	69.7 years
Frank	3	79.7 years
Lawrence	3	79.7 years
Richard	3	56.7 years
Robert	3	80.0 years
Clifford	2	60.0 years
Eleanor	2	75.0 years

Most common last names in zip code 05040 among deceased individuals
Last name	Count	Lived (average)
White	5	77.0 years
Mclam	4	80.2 years
Sweet	4	72.8 years
Thompson	4	90.7 years
Tucker	4	65.2 years
Lund	3	67.3 years
Knapp	3	73.4 years
Emerson	3	72.0 years
Blanchard	3	79.0 years
Page	3	86.4 years