47640 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 47640 is White. The current unemployment level in 47640 is 3.6%.
| Population | 983 |
| Population Growth Rate | -7.99% |
| Population Density | 27 People per Square Mile |
| Total Households | 392 |
| Median Household Income (2021) | $52,054 |
| Average Adjusted Gross Income (2021) | $143,700 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7.0% |
| Majority Race/Ethnicty | White - 97.40% |
47640 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 860 | 97.4% |
| Black | 11 | 1.25% |
| Hispanic | 12 | 1.36% |
| Asian | 0 | 0% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47640 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 24 | 3.83% |
| Bachelor Degree | 51 | 8.13% |
| High School Diploma | 315 | 50.24% |
| No High School Diploma | 18 | 2.87% |
| GED or Alternate | 28 | 4.47% |
| 1 or More Years of College | 35 | 5.58% |
| Associates Degree | 144 | 22.97% |
| Masters Degree | 12 | 1.91% |
| Professional Degree | 0 | 0% |
| Doctorate Degree | 0 | 0% |