47031 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 47031 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateIndiana
CityMilan
Time ZoneAmerica/Indiana/Indianapolis
Geo Location39.11942, -85.15856
Population5230
Size159.679 square miles
Median Family Income$81042.00
Median Home Value$170300.00

Population & Demographics

The following information lists the population statistics and breakdown for the 47031 zip code. The total population is 5230, of which, 2738 are male and 2492 are female. With a total area of 159.679 square miles, the population density is 34.3 people per square mile. The median age of the population is 41.7 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
20115318
20125245
20135161
20145213
20155289
20165234
20175326
20185353
20195477
20205218
20215230

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 1833.5%
Age 5-91913.7%
Age 10-1458911.3%
Age 15-193536.7%
Age 20-242835.4
Age 25-292675.1%
Age 30-343416.5%
Age 35-392124.1%
Age 40-44420 8%
Age 45-492003.8%
Age 50-543045.8%
Age 55-594398.4%
Age 60-6458111.1%
Age 65-692354.5%
Age 70-742114%
Age 75-791462.8%
Age 80-841422.7%
Age 85 and over1332.5%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 0.4 %
  • Speaks Spanish: 0.2 %
  • Speaks Other Indo-European Language: 0.2 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 55.7 %
  • Divorced: 13.7 %
  • Separated (not divorced): 0.6 %
  • Never Married: 23.5 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 47031 zip code is $81042. This is -6.72% less than the national average. This income places 7.7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24036. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0013
$10,000.00 – $14,999.0051
$15,000.00 – $24,999.0028
$25,000.00 – $34,999.00118
$35,000.00 – $49,999.00169
$50,000.00 – $74,999.00272
$75,000.00 – $99,999.00276
$100,000.00 – $149,999.00314
$150,000.00 – $199,999,0056
$200,000.00 +100

YearMedian Family Income ($ USD)
201152132
201251097
201349911
201455234
201559444
201659561
201764844
201865063
201966321
202075047
202181042

Income Source# of Households
Wage or Salary1518
Self Employment233
Social Security756
Dividends, Interest, or Rental188
Retirement472
Other382

Total Insured & Uninsured Individuals: 
  • Families Insure: 4872
  • Families Uninsured: 268
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 472
  • No retirement income: 1520

Education

In the 47031 zip code, 89.4% of individuals over 25 years old have a high school degree or higher, and 18.8% have a bachelors degree or higher. Additionally, 2.5% of individuals 3 years and older are in private school, and 97.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 47031 zip, there are an estimated 2713 people in the labor force, of which, 2596 are employed, and 117 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 30.2 minutes. Of the total people that work, 84 worked from home and 2508 commuted. The average number of hours worked is 39.9. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts707
Services398
Sales and Office399
Construction and Maintenance:454
Transportation and Material Moving638





Housing

The median home value for the 47031 zip code is 170300. There is an estimated  1992 number of occupied housing units, the median gross rent in is $851 per month, and the average monthly housing costs are estimated to be $902. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00099
$50,000 – $99,000276
$100,000 – $149,999250
$150,000 – $199,999271
$200,000 – $299,999237
$300,000 – $499,999197
$500,000 – $999,999136
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201984
2000 – 2009389
1980 – 1999621
1960 – 1979291
1940 – 1959205
1939 or earlier402

The median number of rooms in all housing units is 6 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50071
$500 – $999175
$1,000 – $1,49936
$1,500 – $1,99931
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30099
300-499221
500-799479
800-999235
1000-1499456
1500-1999195
2000-249994
2500-29990
3000+0

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%545
20%-24.9%72
25%-29.9%76
30%-34.9%23
35+%172



# of VehiclesHouseholds
None137
1316
2694
3+845
Home Heating Characteristics: 
  • Utility Gas: 24.5 %
  • Bottle Tank or LP Gas: 15.6 %
  • Electricity: 51.1 %
  • Oil or Kerosene etc: 3.4 %
  • Coal or Coke: 0 %
  • All Other: 4.8 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.