47516 can be classified socioeconomically as 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 47516 is White. The majority race/ethnicity attending public schools in 47516 is White. The current unemployment level in 47516 is 3.6%.
| Population | 986 |
| Population Growth Rate | -9.35% |
| Population Density | 36 People per Square Mile |
| Total Households | 590 |
| Median Household Income (2021) | $78,625 |
| Average Adjusted Gross Income (2021) | $464,200 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7.0% |
| Majority Race/Ethnicty | White - 99.47% |
| Public School Majority Race/Ethnicty | White - 91.76% |
47516 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 1,124 | 99.47% |
| Black | 0 | 0% |
| Hispanic | 6 | 0.53% |
| Asian | 0 | 0% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47516 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 345 | 93.24% |
| Black | 3 | 0.81% |
| Hispanic | 21 | 5.68% |
| Asian | 0 | 0% |
| Native American | 1 | 0.27% |
| Hawaiian/Pac. Islander | 0 | 0% |
47516 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 45 | 4.81% |
| Bachelor Degree | 54 | 5.77% |
| High School Diploma | 380 | 40.6% |
| No High School Diploma | 55 | 5.88% |
| GED or Alternate | 69 | 7.37% |
| 1 or More Years of College | 165 | 17.63% |
| Associates Degree | 95 | 10.15% |
| Masters Degree | 73 | 7.8% |
| Professional Degree | 0 | 0% |
| Doctorate Degree | 0 | 0% |