47040 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 47040 is White. The majority race/ethnicity attending public schools in 47040 is White. The current unemployment level in 47040 is 3.6%.
| Population | 5,367 |
| Population Growth Rate | 0.00% |
| Population Density | 79 People per Square Mile |
| Total Households | 2,236 |
| Percentage High Income Households | 2.0% |
| Median Household Income (2021) | $55,703 |
| Average Adjusted Gross Income (2021) | $308,520 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7.0% |
| Majority Race/Ethnicty | White - 98.11% |
| Public School Majority Race/Ethnicty | White - 95.95% |
47040 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 5,023 | 98.11% |
| Black | 12 | 0.23% |
| Hispanic | 57 | 1.11% |
| Asian | 25 | 0.49% |
| Native American | 3 | 0.06% |
| Hawaiian/Pac. Islander | 0 | 0% |
47040 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 782 | 97.87% |
| Black | 4 | 0.5% |
| Hispanic | 7 | 0.88% |
| Asian | 6 | 0.75% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47040 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 112 | 3.27% |
| Bachelor Degree | 363 | 10.58% |
| High School Diploma | 1,623 | 47.32% |
| No High School Diploma | 87 | 2.54% |
| GED or Alternate | 341 | 9.94% |
| 1 or More Years of College | 530 | 15.45% |
| Associates Degree | 237 | 6.91% |
| Masters Degree | 96 | 2.8% |
| Professional Degree | 35 | 1.02% |
| Doctorate Degree | 6 | 0.17% |