47031 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 47031 is White. The majority race/ethnicity attending public schools in 47031 is White. The current unemployment level in 47031 is 3.6%.
| Population | 5,422 |
| Population Growth Rate | 0.00% |
| Population Density | 97 People per Square Mile |
| Total Households | 2,023 |
| Percentage High Income Households | 0.9% |
| Median Household Income (2021) | $60,861 |
| Average Adjusted Gross Income (2021) | $377,400 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7.0% |
| Majority Race/Ethnicty | White - 98.04% |
| Public School Majority Race/Ethnicty | White - 96.53% |
47031 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 5,105 | 98.04% |
| Black | 16 | 0.31% |
| Hispanic | 21 | 0.4% |
| Asian | 65 | 1.25% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47031 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 947 | 98.96% |
| Black | 0 | 0% |
| Hispanic | 7 | 0.73% |
| Asian | 3 | 0.31% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47031 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 206 | 6.5% |
| Bachelor Degree | 274 | 8.65% |
| High School Diploma | 1,722 | 54.36% |
| No High School Diploma | 28 | 0.88% |
| GED or Alternate | 180 | 5.68% |
| 1 or More Years of College | 486 | 15.34% |
| Associates Degree | 182 | 5.74% |
| Masters Degree | 70 | 2.21% |
| Professional Degree | 17 | 0.54% |
| Doctorate Degree | 3 | 0.09% |