01040 can be classified socioeconomically as Lower Middle Class class compared to other ZIP Codes in Massachusetts based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 01040 is White. The majority race/ethnicity attending public schools in 01040 is Hispanic. The current unemployment level in 01040 is 4.8%.
| Population | 38,210 |
| Population Growth Rate | -4.66% |
| Population Density | 1,673 People per Square Mile |
| Total Households | 16,032 |
| Percentage High Income Households | 1.4% |
| Median Household Income (2021) | $45,045 |
| Average Adjusted Gross Income (2021) | $400,910 |
| Current Unemployment Rate (September 2025) | 4.8% |
| Sales Tax Rate (2025) | 6.2% |
| Majority Race/Ethnicty | White - 55.42% |
| Public School Majority Race/Ethnicty | Hispanic - 82.32% |
01040 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 28,031 | 55.42% |
| Black | 1,550 | 3.06% |
| Hispanic | 20,506 | 40.54% |
| Asian | 373 | 0.74% |
| Native American | 118 | 0.23% |
| Hawaiian/Pac. Islander | 0 | 0% |
01040 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 739 | 12.73% |
| Black | 177 | 3.05% |
| Hispanic | 4,847 | 83.47% |
| Asian | 40 | 0.69% |
| Native American | 2 | 0.03% |
| Hawaiian/Pac. Islander | 2 | 0.03% |
01040 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,663 | 8.3% |
| Bachelor Degree | 3,629 | 18.11% |
| High School Diploma | 5,742 | 28.66% |
| No High School Diploma | 589 | 2.94% |
| GED or Alternate | 1,276 | 6.37% |
| 1 or More Years of College | 3,374 | 16.84% |
| Associates Degree | 1,990 | 9.93% |
| Masters Degree | 1,306 | 6.52% |
| Professional Degree | 315 | 1.57% |
| Doctorate Degree | 154 | 0.77% |