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47240 Zip Income and Demographic Statistics

Save 20+ hours of searching for income and demographic data for the zip code 47240.

Below is the current income and demographic census statistics for 47240, covering Adams, Anderson, Clay, Clinton, Fugit, Jackson, Laughery, Marion, Noble, Ray, Salt Creek, Saltcreek, Sandcreek, and Washington with a total population of 21,836 people.


Income and Demographics Data for 47240

In this article we'll explore the latest income and demographic statistics from the 2019 5-Year American Community Survey. 47240 is a Indiana zip code which covers Adams, Anderson, Clay, Clinton, Fugit, Jackson, Laughery, Marion, Noble, Ray, Salt Creek, Saltcreek, Sandcreek, and Washington.

47240 Income Statistics

The median household income for 47240 is $59,516.00, which is higher than the average median household income of $56,303.00 for Indiana.

The mean household income for the 47240 zip is $70,794.00. That figure is lower than the state average of $75,025.00.

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for 47240 but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

The table below shows the median and mean household income for 47240 as well as median income by householder age and per capita income.

Description Amount*
Median household income $59,516.00
Median household income (householder under 25) $44,369.00
Median household income (householder 25 to 44) $72,074.00
Median household income (householder 45 to 64) $59,756.00
Median household income (householder 65 and over) $43,930.00
Mean household income $70,794.00
Per capita income $27,970.00

*in 2019 inflation-adjusted dollars

Household Earnings for 47240

Another important metric when looking at the income and demographics of an area like 47240 is the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

In the table below, we've put together the latest household earnings income tiers for 47240. The actual results are more granular than this, but we've simplified the brackets to make it easier to view. The raw data which can be purchased above or below will include all of the income tiers.

Earnings Number of Households
Less than $24,999 1,359 (15.83%)
$25,000 to $49,999 2,039 (23.75%)
$50,000 to $74,999 1,946 (22.67%)
$75,000 to $99,999 1,238 (14.42%)
$100,000 to $149,999 1,411 (16.44%)
$150,000 to $199,999 432 (5.03%)
$200,000 or more 159 (1.85%)

For the zip code 47240, the percentage of households classed as high-income households (making $200,000+ per year) is 1.85%, which is lower than the state average of 4.24% for Indiana.

Race and Ethnicity

The race and ethnicity of the population in a given area can be very important marketing and demographic datapoints in a multi-cultural society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The table below breaks down the number of people and percentage for each race and ethnicity in the 47240 zip code area.

Race/Ethnicity Population Percentage
White 20,686 94.70%
Black/African American 124 0.60%
Native 53 0.20%
Hispanic 467 2.10%
Asian 413 1.90%
Hawaiian/Pacific Islander 0 0.00%
Two or more races 93 0.40%
Other 0 0.00%

Age and Gender

Another very important demographic statistic for 47240 is the age and gender of the population. This is yet another data point which can be used in research of the area to identify the people that are important to you and your business needs.

We are showing age groups below in 10 year granularity but the actual raw data that can be purchased from us above and below will include data at a 5 year granularity level.

Age Group Male Female
0 to 9 Years 1454 1460
10 to 19 Years 1539 1420
20 to 29 Years 1406 1131
30 to 39 Years 1330 1338
40 to 49 Years 1418 1245
50 to 59 Years 1554 1641
60 to 69 Years 1198 1290
70 Years and over 1033 1379

All Demographic Statistics for 47240

The list below covers all of the data you get when you purchase from Name Census, including margins of error for each data point so you know how accurate the provided numbers really are.

Income

  • Median household income
  • Median household income by age
  • Mean household income
  • Per capita income
  • Household income tiers

Race and Ethnicity

  • Total population
  • White
  • Black or African
  • American Indian and Alaska Native
  • Asian
  • Hawaiian and Pacific Islander
  • Hispanic/Latino
  • Other

Age and Gender

  • Gender and age statistics
  • Male/female gender sorted by age groups
  • 5 years group granularity (i.e 20-24)

Educational Attainment

  • Population by educational attainment
  • No diploma
  • High school
  • Some college
  • Bachelors degree
  • Masters degree
  • Doctorate degree

Poverty and Unemployment

  • Population by poverty and unemployment rate
  • Total households
  • Percent below the poverty level
  • GINI index of income inequality

Housing Characteristics

  • House value
  • Rental costs
  • Year structure was built
  • Vehicles available
  • Owner/renter occupied units

Household and Families

  • Average household size
  • Total familes
  • Married couple families with and without children under 18
  • Single male/female with and without children under 18

Transportation to Work

  • Drove alone
  • Carpooled
  • Walked
  • Public transport
  • Worked from home
  • Other means (motorcycle/bicycle)
  • Average commute time (in minutes)

Geographic Mobility

  • Moved since previous year
  • Same house last year
  • Moved within same county
  • Moved from different county in the same state
  • Moved from a different state
  • Moved from abroad

Data Source and Reference

The income and demographics statistics used in this article are from the most recent American Community Survey 2019 5-year estimates released by the US Census Bureau.

We take this raw data, consolidate it and format it into a more useable structure so that it can be used for sales, marketing, and business development purposes.

If you use any of the information from this page, please use the tool below to link or reference Name Census wherever you use it.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "47240 Zip Income and Demographic Statistics". NameCensus.com. Accessed on July 2, 2022. https://namecensus.com/demographics/indiana/47240/.

  • "47240 Zip Income and Demographic Statistics". NameCensus.com, https://namecensus.com/demographics/indiana/47240/. Accessed 2 July, 2022

  • 47240 Zip Income and Demographic Statistics. NameCensus.com. Retrieved from https://namecensus.com/demographics/indiana/47240/.


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