Comparison to Surrounding Areas
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.
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.
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.
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%).
| 47031 | 6.0% |
| Elrod CDP | 0.0% |
| Milan town | 2.0% |
| Pierceville CDP | 0.0% |
| Dearborn County | 7.3% |
| Ripley County | 6.4% |
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 | |
|---|---|---|---|---|
| 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.
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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 47031 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+ | |||||
| 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 |