New Bedford, MA 02740 ZIP Code Profile

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New Bedford, MA
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ZIP Code 02740: Basic Data & USPS Preferred City Name

Preferred Name, USPS
New Bedford, MA 02740

  • ZIP Code Type: STANDARD
  • County: Bristol County
  • Centroid: Latitude 41.636, Longitude -70.942
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 1,385
  • PO Box Addresses: 0
  • Residential Addresses: 16,630
    • Multi-Family Addresses: 3,716
    • Single Family Addresses: 12,914

The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2019, Maps updated: August 2, 2019.

Jump to... (On This Page!)
  1. 02740 2019 Demographic Data
  2. Growth Rates for 02740 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Massachusetts Research Tools (Easy Tools & Current Data)
  3. Massachusetts Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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New Bedford, MA 02740 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

New Bedford, MA 02740 Housing Affordability Index is 84
State of Massachusetts Housing Affordability Index is 87
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

New Bedford, MA 02740 Wealth Index is 52
State of Massachusetts Wealth Index is 139
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Massachusetts address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 44,500
Population in Households 43,149
Population in Familes 31,842
Population in Group Qrtrs 1,351
Population Density 7,893
Diversity Index1 73
 

INCOME

Median Household Income $41,635
Average Household Income $60,343
Per Capita Income $25,092
Wealth Index3 52

HOUSING

Total Housing Units 20,593 (100%)
Owner Occupied HU 7,850 (38.1%)
Renter Occupied HU 10,612 (51.5%)
Vacant Housing Units 2,131 (10.3%)
Median Home Value $227,296
Housing Affordability Index2 84
 

HOUSEHOLDS

Total Households 18,462
Average Household Size 2.34
Family Households 10,544
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.36% 0.34%
Households 0.35% 0.34%
Families 0.25% 0.27%
Median Household Income   2.68%
Per Capita Income   2.97%

New Bedford, MA 02740 - Peer Comparisons by Rank and Percentile

The table below compares 02740 to the other 523 ZIP Codes in Massachusetts by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 18 97th
Population Density # 62 88th
Diversity Index # 44 92nd
Median Household Income # 493 6th
Per Capita Income # 477 9th

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.


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