47340 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 47340 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateIndiana
CityFarmland
Time ZoneAmerica/Indiana/Indianapolis
Geo Location40.18107, -85.1323
Population3300
Size138.796 square miles
Median Family Income$82845.00
Median Home Value$138800.00

Population & Demographics

The following information lists the population statistics and breakdown for the 47340 zip code. The total population is 3300, of which, 1725 are male and 1575 are female. With a total area of 138.796 square miles, the population density is 21.6 people per square mile. The median age of the population is 36 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
20113132
20123131
20132875
20142922
20152944
20162762
20172885
20182848
20192998
20203175
20213300

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 34010.3%
Age 5-91705.2%
Age 10-143109.4%
Age 15-192196.6%
Age 20-242226.7
Age 25-291665%
Age 30-341835.5%
Age 35-392296.9%
Age 40-44226 6.8%
Age 45-491835.5%
Age 50-542076.3%
Age 55-591665%
Age 60-641213.7%
Age 65-692036.2%
Age 70-741986%
Age 75-79321%
Age 80-841103.3%
Age 85 and over150.5%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 1.3 %
  • Speaks Spanish: 0.3 %
  • Speaks Other Indo-European Language: 0.9 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 58.7 %
  • Divorced: 16.1 %
  • Separated (not divorced): 0.6 %
  • Never Married: 20.7 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 47340 zip code is $82845. This is -12.77% less than the national average. This income places 10% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $18669. 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 – $14,999.0035
$15,000.00 – $24,999.0027
$25,000.00 – $34,999.0073
$35,000.00 – $49,999.00150
$50,000.00 – $74,999.00137
$75,000.00 – $99,999.00109
$100,000.00 – $149,999.00270
$150,000.00 – $199,999,0089
$200,000.00 +3

YearMedian Family Income ($ USD)
201153289
201248304
201346392
201448060
201553264
201659464
201769853
201872679
201963125
202060000
202182845

Income Source# of Households
Wage or Salary966
Self Employment131
Social Security398
Dividends, Interest, or Rental255
Retirement376
Other242

Total Insured & Uninsured Individuals: 
  • Families Insure: 3133
  • Families Uninsured: 163
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 376
  • No retirement income: 879

Education

In the 47340 zip code, 91.9% of individuals over 25 years old have a high school degree or higher, and 21% have a bachelors degree or higher. Additionally, 8.7% of individuals 3 years and older are in private school, and 91.3% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 47340 zip, there are an estimated 1617 people in the labor force, of which, 1525 are employed, and 88 are unemployed. There are a total of 4 people in the armed forces. The average commute time for this zip code is 24.8 minutes. Of the total people that work, 41 worked from home and 1287 commuted. The average number of hours worked is 38.6. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts547
Services258
Sales and Office271
Construction and Maintenance:229
Transportation and Material Moving220





Housing

The median home value for the 47340 zip code is 138800. There is an estimated  1255 number of occupied housing units, the median gross rent in is $792 per month, and the average monthly housing costs are estimated to be $738. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00057
$50,000 – $99,000307
$100,000 – $149,999177
$150,000 – $199,999200
$200,000 – $299,999159
$300,000 – $499,99936
$500,000 – $999,99936
$1,000,000+6

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201988
2000 – 2009100
1980 – 1999212
1960 – 1979327
1940 – 1959142
1939 or earlier386

The median number of rooms in all housing units is 6.4 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5007
$500 – $999250
$1,000 – $1,4999
$1,500 – $1,9990
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30089
300-499207
500-799416
800-999213
1000-1499208
1500-199972
2000-249910
2500-299929
3000+0

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%399
20%-24.9%50
25%-29.9%40
30%-34.9%22
35+%49



# of VehiclesHouseholds
None24
1269
2528
3+434
Home Heating Characteristics: 
  • Utility Gas: 30.4 %
  • Bottle Tank or LP Gas: 14.3 %
  • Electricity: 41.4 %
  • Oil or Kerosene etc: 1.1 %
  • Coal or Coke: 0 %
  • All Other: 10.8 %

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