47031 Income Statistics

Comparison to Surrounding Areas

47031 Median Household Income

The median household income ($70,575) for 47031 is less than the median household income for 47001 ($75,886), 47037 ($73,209), 47041 ($81,016), 47042 ($75,580), and Dearborn County ($84,735). But it's more than 47018 ($61,085), 47032 ($66,950), Ripley County ($70,573), Elrod CDP ($-1), Milan town ($59,286), and Pierceville CDP ($-1).

47031$70,575
Elrod CDP$-1
Milan town$59,286
Pierceville CDP$-1
Dearborn County$84,735
Ripley County$70,573

Get Median Household Income for all Zip Codes in Indiana.

47031 Average Household Income

The average household income ($103,856) for 47031 is less than the average household income for 47041 ($108,819). But it's more than 47042 ($82,366), 47001 ($84,702), 47018 ($74,270), 47032 ($90,596), 47037 ($82,864), Dearborn County ($99,812), Ripley County ($88,934), Elrod CDP ($-1), Milan town ($71,760), and Pierceville CDP ($-1).

47031$103,856
Elrod CDP$-1
Milan town$71,760
Pierceville CDP$-1
Dearborn County$99,812
Ripley County$88,934

Get Average Household Income for all Zip Codes in Indiana.

47031 Per-Capita Income

The per-capita income for 47031 is $40,953. The per capita income ($40,953) for 47031 is more than 47042 ($35,724), 47001 ($35,779), 47018 ($31,818), 47032 ($34,333), 47037 ($32,640), 47041 ($40,529), Ripley County ($35,537), Dearborn County ($39,922), Elrod CDP ($-1), Milan town ($28,936), and Pierceville CDP ($27,819).

47031$40,953
Elrod CDP$-1
Milan town$28,936
Pierceville CDP$27,819
Dearborn County$39,922
Ripley County$35,537

Get Per-Capita Income for all Zip Codes in Indiana.

47031 High Income Households

6% of households make over $200,000 a year. The percent high income households (6.0%) for 47031 is less than the percent high income households for 47041 (15.8%), Dearborn County (7.3%), and Ripley County (6.4%). But it's more than 47042 (2.9%), 47018 (2.4%), 47032 (2.7%), 47037 (5.5%), 47001 (4.8%), Milan town (2.0%), Pierceville CDP (0.0%), and Elrod CDP (0.0%).

470316.0%
Elrod CDP0.0%
Milan town2.0%
Pierceville CDP0.0%
Dearborn County7.3%
Ripley County6.4%

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47031 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
47031$46,444$98,272$82,500$46,250
Elrod CDP$-1$-1$-1$-1
Milan town$82,750$82,000$70,333$38,906
Pierceville CDP$-1$-1$-1$-1
Dearborn County$64,844$105,965$98,283$52,401
Ripley County$37,708$80,909$91,530$45,585

Get Median Household Income by Age of Householder for all Zip Codes in Indiana.

47031 Map

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About the Data

Data Sources

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 47031 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

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+
47031+/-$12,486+/-$27,604+/-$10,970+/-3.8%+/-$438+/-$17,975+/-$14,419+/-$8,520
Elrod CDP+/-$-1+/-$-1+/-$-1+/-100.0%+/-$-1+/-$-1+/-$-1+/-$-1
Milan town+/-$11,686+/-$9,534+/-$3,519+/-2.2%+/-$28,386+/-$37,666+/-$12,965+/-$13,333
Pierceville CDP+/-$-1+/-$-1+/-$3,523+/-65.0%+/-$-1+/-$-1+/-$-1+/-$-1
Dearborn County+/-$3,556+/-$4,475+/-$1,882+/-1.3%+/-$16,313+/-$5,922+/-$8,438+/-$4,674
Ripley County+/-$4,366+/-$6,504+/-$2,262+/-1.7%+/-$20,345+/-$6,798+/-$9,120+/-$5,585