What to know about ZIP 02940
ZIP code 02940 covers ZIP 02940 with a population of about 7,420.
At a glance, the area shows median age of 35.9 versus a U.S. median of about 38.9.
It sits in the PROVIDENCE - NEW BEDFORD media market.
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ZIP Code 02940 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working Class
At a glance
Population
7,420
Density
N/A
Median income
$52,295
-30% vs US avg
Home value
$293,700
-16% vs US avg
Median rent
$957
-18% vs US avg
Timezone
N/A
Overview of ZIP Code 02940
Income and economy in ZIP 02940
Median household income in ZIP 02940 is about $52,295 — about 30% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 18.9%; unemployment rate near 3.8%; 20.4% of adults with a bachelor’s degree or higher (about 13.3 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Construction; about 5.7% of workers reporting work-from-home (about 9.5 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 02940
Median home value is about $293,700 — about 16% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $957 (about 18% below the U.S. median rent ($1,163)), and owner-occupancy near 43.1% (about 22.3 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 02940, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,887. That is about 55% above the local median household income ($52,295), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.