47720 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 47720 is White. The majority race/ethnicity attending public schools in 47720 is White. The current unemployment level in 47720 is 3.6%.
| Population | 17,198 |
| Population Growth Rate | 0% |
| Population Density | 307 People per Square Mile |
| Total Households | 6,857 |
| Percentage High Income Households | 3% |
| Median Household Income (2021) | $66,744 |
| Average Adjusted Gross Income (2021) | $611,930 |
| Current Unemployment Rate (May 2026) | 3.6% |
| Sales Tax Rate (2025) | 7% |
| Majority Race/Ethnicity | White - 98.69% |
| Public School Majority Race/Ethnicity | White - 90.79% |
47720 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 16,101 | 98.69% |
| Black | 51 | 0.31% |
| Hispanic | 49 | 0.3% |
| Asian | 109 | 0.67% |
| Native American | 5 | 0.03% |
| Hawaiian/Pac. Islander | 0 | 0% |
47720 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 414 | 96.28% |
| Black | 3 | 0.7% |
| Hispanic | 12 | 2.79% |
| Asian | 1 | 0.23% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
47720 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 831 | 7.04% |
| Bachelor Degree | 1,953 | 16.55% |
| High School Diploma | 4,528 | 38.36% |
| No High School Diploma | 98 | 0.83% |
| GED or Alternate | 569 | 4.82% |
| 1 or More Years of College | 2,092 | 17.72% |
| Associates Degree | 958 | 8.12% |
| Masters Degree | 539 | 4.57% |
| Professional Degree | 141 | 1.19% |
| Doctorate Degree | 94 | 0.8% |
