47038 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 47038 is White. The current unemployment level in 47038 is 3.6%.
| Population | 946 |
| Population Growth Rate | -38.64% |
| Population Density | 32 People per Square Mile |
| Total Households | 511 |
| Percentage High Income Households | 2.4% |
| Median Household Income (2021) | $63,300 |
| Average Adjusted Gross Income (2021) | $137,410 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7% |
| Majority Race/Ethnicity | White - 97.42% |
47038 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 1,021 | 97.42% |
| Black | 6 | 0.57% |
| Hispanic | 12 | 1.15% |
| Asian | 0 | 0% |
| Native American | 9 | 0.86% |
| Hawaiian/Pac. Islander | 0 | 0% |
47038 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 40 | 6.2% |
| Bachelor Degree | 83 | 12.87% |
| High School Diploma | 258 | 40% |
| No High School Diploma | 28 | 4.34% |
| GED or Alternate | 11 | 1.71% |
| 1 or More Years of College | 97 | 15.04% |
| Associates Degree | 79 | 12.25% |
| Masters Degree | 45 | 6.98% |
| Professional Degree | 4 | 0.62% |
| Doctorate Degree | 0 | 0% |
