46240 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 46240 is White. The majority race/ethnicity attending public schools in 46240 is African American. The current unemployment level in 46240 is 3.6%.
| Population | 20,123 |
| Population Growth Rate | 4.73% |
| Population Density | 1,929 People per Square Mile |
| Total Households | 9,030 |
| Percentage High Income Households | 5.6% |
| Median Household Income (2021) | $57,885 |
| Average Adjusted Gross Income (2021) | $940,840 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7.0% |
| Majority Race/Ethnicty | White - 77.48% |
| Public School Majority Race/Ethnicty | African American - 40.21% |
46240 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 14,652 | 77.48% |
| Black | 2,525 | 13.35% |
| Hispanic | 773 | 4.09% |
| Asian | 953 | 5.04% |
| Native American | 8 | 0.04% |
| Hawaiian/Pac. Islander | 0 | 0% |
46240 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,943 | 30.89% |
| Black | 2,698 | 42.89% |
| Hispanic | 1,413 | 22.46% |
| Asian | 225 | 3.58% |
| Native American | 11 | 0.17% |
| Hawaiian/Pac. Islander | 1 | 0.02% |
46240 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 588 | 4.64% |
| Bachelor Degree | 4,164 | 32.88% |
| High School Diploma | 2,215 | 17.49% |
| No High School Diploma | 54 | 0.43% |
| GED or Alternate | 292 | 2.31% |
| 1 or More Years of College | 1,819 | 14.36% |
| Associates Degree | 721 | 5.69% |
| Masters Degree | 1,782 | 14.07% |
| Professional Degree | 632 | 4.99% |
| Doctorate Degree | 396 | 3.13% |