Comparison to Surrounding Areas
The median household income ($69,880) for 47016 is less than the median household income for 45053 ($109,148), 47012 ($84,958), 47060 ($86,118), and Franklin County ($78,074). But it's more than 45056 ($49,233), 47035 ($36,696), and Cedar Grove town ($65,938).
| 47016 | $69,880 |
| Cedar Grove town | $65,938 |
| Franklin County | $78,074 |
Get Median Household Income for all Zip Codes in Indiana.
The average household income ($96,887) for 47016 is less than the average household income for 45053 ($154,275), 47060 ($109,464), and Franklin County ($97,859). But it's more than 45056 ($78,578), 47012 ($95,565), 47035 ($42,699), and Cedar Grove town ($72,827).
| 47016 | $96,887 |
| Cedar Grove town | $72,827 |
| Franklin County | $97,859 |
Get Average Household Income for all Zip Codes in Indiana.
The per-capita income for 47016 is $48,066. The per capita income ($48,066) for 47016 is less than the per capita income for 45053 ($50,154) and 47060 ($48,923). But it's more than 45056 ($26,069), 47012 ($39,814), 47035 ($34,028), Franklin County ($40,060), and Cedar Grove town ($32,542).
| 47016 | $48,066 |
| Cedar Grove town | $32,542 |
| Franklin County | $40,060 |
Get Per-Capita Income for all Zip Codes in Indiana.
0.8% of households make over $200,000 a year. The percent high income households (0.8%) for 47016 is less than the percent high income households for 45053 (15.6%), 45056 (5.9%), 47012 (10.8%), 47060 (8.1%), Franklin County (10.0%), and Cedar Grove town (2.7%). But it's more than 47035 (0.0%).
| 47016 | 0.8% |
| Cedar Grove town | 2.7% |
| Franklin County | 10.0% |
Get High Income Households for all Zip Codes in Indiana.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 47016 | $-1 | $162,500 | $-1 | $69,111 |
| Cedar Grove town | $-1 | $-1 | $83,125 | $61,250 |
| Franklin County | $72,431 | $94,617 | $98,691 | $50,042 |
Get Median Household Income by Age of Householder for all Zip Codes in Indiana.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 47016 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the income data are:
| Median Household Income | Average Household Income | Per Capita Income | High Income Households | Median Household Income by Age of Householder | ||||
|---|---|---|---|---|---|---|---|---|
| under 25 | 25 to 44 | 45 to 64 | 65+ | |||||
| 47016 | +/-$54,910 | +/-$21,118 | +/-$10,681 | +/-1.2% | +/-$-1 | +/-$139,474 | +/-$-1 | +/-$19,586 |
| Cedar Grove town | +/-$30,004 | +/-$16,179 | +/-$10,066 | +/-3.8% | +/-$-1 | +/-$-1 | +/-$62,523 | +/-$28,932 |
| Franklin County | +/-$10,218 | +/-$7,571 | +/-$3,304 | +/-2.7% | +/-$33,330 | +/-$6,355 | +/-$5,682 | +/-$8,133 |