ZIP Code 40915

In ZIP code 40915, near Gray, median household income of $41,822 and per-capita income of $16,934 point to a working-class community where earnings trail state and national averages. Home values sit at just $9,999, an exceptionally low figure that reflects limited housing demand or older stock. Property taxes are levied at the county level, at an effective rate of 0.66%, so even that low valuation yields a very small annual bill. Sales tax combines to 6.00%, which applies to everyday purchases and takes a larger share of income in a place where budgets are already tight.