47340 Income Statistics

Comparison to Surrounding Areas

47340 Median Household Income

The median household income ($63,205) for 47340 is less than the median household income for 47320 ($69,764), 47358 ($79,063), and 47368 ($73,654). But it's more than 47373 ($51,532), 47380 ($57,000), 47394 ($59,913), Randolph County ($60,791), Fairview CDP ($40,114), and Farmland town ($41,206).

47340$63,205
Fairview CDP$40,114
Farmland town$41,206
Randolph County$60,791

Get Median Household Income for all Zip Codes in Indiana.

47340 Average Household Income

The average household income ($76,660) for 47340 is less than the average household income for 47320 ($96,883), 47358 ($81,471), 47368 ($77,719), and 47380 ($113,432). But it's more than 47373 ($63,107), 47394 ($75,885), Randolph County ($76,259), Fairview CDP ($57,862), and Farmland town ($53,601).

47340$76,660
Fairview CDP$57,862
Farmland town$53,601
Randolph County$76,259

Get Average Household Income for all Zip Codes in Indiana.

47340 Per-Capita Income

The per-capita income for 47340 is $31,765. The per capita income ($31,765) for 47340 is less than the per capita income for 47320 ($42,576), 47358 ($37,361), 47380 ($46,890), and Randolph County ($32,537). But it's more than 47368 ($30,469), 47373 ($22,488), 47394 ($31,623), Fairview CDP ($21,496), and Farmland town ($23,206).

47340$31,765
Fairview CDP$21,496
Farmland town$23,206
Randolph County$32,537

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

47340 High Income Households

0.9% of households make over $200,000 a year. The percent high income households (0.9%) for 47340 is less than the percent high income households for 47358 (2.7%), 47380 (8.6%), 47394 (4.6%), 47320 (3.8%), 47368 (1.9%), Randolph County (3.3%), and Farmland town (1.1%). But it's more than 47373 (0.6%) and Fairview CDP (0.0%).

473400.9%
Fairview CDP0.0%
Farmland town1.1%
Randolph County3.3%

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47340 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
47340$41,557$86,250$78,542$45,833
Fairview CDP$-1$-1$-1$-1
Farmland town$41,557$34,226$62,375$40,721
Randolph County$42,295$71,484$72,182$45,067

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

47340 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 47340 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+
47340+/-$11,765+/-$8,058+/-$3,205+/-1.0%+/-$864+/-$44,323+/-$34,515+/-$13,367
Fairview CDP+/-$34,726+/-$29,086+/-$15,555+/-26.9%+/-$-1+/-$-1+/-$-1+/-$-1
Farmland town+/-$1,962+/-$6,479+/-$3,132+/-1.1%+/-$864+/-$4,101+/-$29,714+/-$4,815
Randolph County+/-$5,111+/-$4,547+/-$1,959+/-0.9%+/-$12,353+/-$6,400+/-$6,875+/-$3,666