47940 can be classified socioeconomically as Lower Middle Class class compared to other ZIP Codes in Indiana based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 47940 is White. The current unemployment level in 47940 is 4.4%.
| Population | 1,436 |
| Population Growth Rate | -4.94% |
| Population Density | 35 People per Square Mile |
| Total Households | 470 |
| Percentage High Income Households | 0.2% |
| Median Household Income (2021) | $64,615 |
| Average Adjusted Gross Income (2021) | $329,700 |
| Current Unemployment Rate (October 2024) | 4.4% |
| Majority Race/Ethnicty | White - 95.51% |
47940 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,616 | 95.51% |
| Black | 0 | 0% |
| Hispanic | 76 | 4.49% |
| Asian | 0 | 0% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47940 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 51 | 6.93% |
| Bachelor Degree | 77 | 10.46% |
| High School Diploma | 359 | 48.78% |
| No High School Diploma | 9 | 1.22% |
| GED or Alternate | 29 | 3.94% |
| 1 or More Years of College | 109 | 14.81% |
| Associates Degree | 54 | 7.34% |
| Masters Degree | 33 | 4.48% |
| Professional Degree | 13 | 1.77% |
| Doctorate Degree | 2 | 0.27% |