46040 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 46040, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

46040 is a zip code in Hamilton County, Hancock County, and Madison County, Indiana, which covers Fall Creek, Green, and Vernon, with a total population of 15,813 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 46040 zip code. The most basic data is the total population, which is the total number of people living in 46040.

The estimated population of people living in 46040 is 15,813, with a median age of 37.8.

We can look back at data from previous years to see how the population in the 46040 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
15,813
+8.9%
+37.21%
2020
14,520
+16.4%
-
2019
12,474
+8.86%
-
2018
11,459
 -0.57% -
2017
11,525
 - -

Population of 46040 by Race and Ethnicity

How much has the race and ethnicity of the population in the 46040 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
84.4%
86.6%
 -2.54%
Black/African American
7.9%
2.2%
 +259.09%
Native
0.1%
0%
 0.00%
Hispanic
2.9%
1.3%
 +123.08%
Asian
1.7%
1.8%
 -5.56%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
2.9%
8.1%
 -64.20%
Other
0.1%
0%
 0.00%

This data can be very important for anybody studying the 46040 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 46040 by Age and Gender

We can also monitor the change of the age and gender in the 46040 zip code to track track trends in the population over time.

We can see how the population in 46040 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 37.8 -5.97% 37.4 -7.2% 37.8 -5.74%
2020 40.2 +4.15% 40.3 +3.33% 40.1 +6.37%
2019 38.6 +0.78% 39 +5.69% 37.7 -5.99%
2018 38.3 +3.23% 36.9 +0.27% 40.1 +7.51%
2017 37.1 - 36.8 - 37.3 -

The median age of the 46040 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 46040 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 980 -22.4% 811 +9.29% 772 856
10 to 19 1,082 +45.69% 1,017 +33.36% 1,597 1,324
20 to 29 391 +133.51% 410 +115.25% 947 959
30 to 39 896 +4.06% 724 +32.44% 925 925
40 to 49 988 +61.96% 1,102 +44.61% 1,591 1,649
50 to 59 911 +67.01% 668 +29.83% 1,624 877
60 to 69 348 +25.87% 444 +17.32% 379 520
70+ 370 -2.93% 383 +38.02% 340 528

Median Household Income

The latest median household income for the 46040 zip code is $111,447.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 46040.

  • Under 25
    $76,373.00
  • 25 to 44
    $151,336.00
  • 45 to 64
    $111,420.00
  • 65 and over
    $65,439.00

Average Household Income

Whenever we ask what is the average household income in the 46040 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 46040, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 46040 is currently $140,515.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

25.27% of households in 46040 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 46040 against other zip codes.

  • Less than $24,999
    4.19%
  • $25,000 to $49,999
    11.84%
  • $50,000 to $74,999
    15.06%
  • $75,000 to $99,999
    16.43%
  • $100,000 to $149,999
    14.52%
  • $150,000 to $199,999
    12.69%
  • $200,000 or more
    25.27%

Per Capita Income

The per capita income in 46040 is $49,230.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 46040 by the total population of 46040.

This is different from the average or mean income because it includes and accounts for all people living in the 46040 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 46040 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    17.74%
  • Bachelor's degree
    48.47%
  • Some college or associate's degree
    6.16%
  • High school diploma or equivalent
    26.56%
  • Less than high school diploma
    1.06%

Employment

Employment rates are all based around the total population in 46040 that are over the age of 16.

Currently, the total population of the 46040 zip over the age of 16 is 12,632.

Of those people, a total of 67.70% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 46040 is 65.10%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 46040 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,368 36.50% 11.20%
20 to 24 years 917 65.20% 14.40%
25 to 29 years 989 69.10% 0.00%
30 to 34 years 898 74.30% 0.00%
35 to 44 years 2,608 87.30% 0.00%
45 to 54 years 2,757 76.30% 0.00%
55 to 59 years 1,328 89.30% 3.50%
60 to 64 years 607 60.30% 0.00%
65 to 74 years 653 19.00% 42.70%
75 years and over 507 8.70% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 46040. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 10,531 71.70% 2.10%
Black or African American 1,157 26.40% 0.00%
American Indian and Alaska Native 22 31.80% 0.00%
Asian 269 70.30% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 254 87.80% 25.10%
Two or more races 399 68.70% 8.40%
Hispanic or Latino 411 74.50% 18.30%
Not Hispanic or Latino 10,428 71.60% 2.10%

Occupations

In this section we can look at the most common occupations for people living in the 46040 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 46040 is 8,225, with median earnings of $64,322.00.

Women in 46040 are earning approximately 72.70% of the men's earnings.

Population Earnings
Total 8,225 $64,322.00
Male 4,529 $71,830.00
Female 3,696 $52,240.00

Occupations by Category

In the table below, we can break down the population and earnings for 46040 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 1,547 $140,191.00
Business and Financial 694 $68,929.00
Computer and Mathematical 326 $128,750.00
Architecture and Engineering 51 $84,625.00
Life, Physical, and Social Science 84 $103,750.00
Community and Social Service 27 $0.00
Legal 28 $0.00
Educational and Library 687 $47,404.00
Arts, Design, Entertainment, Sports, and Media 79 $0.00
Healthcare Practitioners 656 $68,262.00
Healthcare Support 92 $26,713.00
Firefighters and Protective Service 15 $0.00
Law Enforcement 10 $0.00
Food Preparation and Serving 142 $15,942.00
Building and Grounds Cleaning 142 $21,289.00
Personal Care and Service 147 $11,717.00
Sales 1,073 $83,058.00
Office and Administrative Support 845 $41,734.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 626 $57,935.00
Installation, Maintenance, and Repair 296 $52,233.00
Production 381 $42,464.00
Transportation and Material Moving 89 $0.00

Occupations by Gender

Now we can also look at the occupations by category for 46040 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 46040.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 1,188 $142,288.00 359 $118,090.00
Business and Financial 189 $69,811.00 505 $68,427.00
Computer and Mathematical 247 $91,828.00 79 $0.00
Architecture and Engineering 51 $84,625.00 0 $0.00
Life, Physical, and Social Science 0 $0.00 84 $103,750.00
Community and Social Service 27 $0.00 0 $0.00
Legal 28 $0.00 0 $0.00
Educational and Library 45 $0.00 642 $46,786.00
Arts, Design, Entertainment, Sports, and Media 27 $0.00 52 $0.00
Healthcare Practitioners 88 $0.00 568 $64,703.00
Healthcare Support 0 $0.00 92 $26,713.00
Firefighters and Protective Service 15 $0.00 0 $0.00
Law Enforcement 10 $0.00 0 $0.00
Food Preparation and Serving 51 $0.00 91 $0.00
Building and Grounds Cleaning 25 $0.00 117 $0.00
Personal Care and Service 107 $0.00 40 $0.00
Sales 832 $80,349.00 241 $162,531.00
Office and Administrative Support 125 $38,147.00 720 $42,277.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 626 $57,935.00 0 $0.00
Installation, Maintenance, and Repair 296 $52,233.00 0 $0.00
Production 317 $54,440.00 64 $0.00
Transportation and Material Moving 47 $0.00 42 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 5,446 households in 46040, with an average household size of 2.74 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 4,181 families living in the 46040 zip code with an average family size of 3.11 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 46040:

Married Male Female Nonfamily
Total Households 3,373 638 170 1,265
Average Household Size 3.31 2.73 2.33 1.29
Total Families 3,373 638 170 0
Average Household Size 3.31 2.3 2.16 0

Poverty

Of the 4,181 families living in 46040, 1.40% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 46040:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 5,639 housing units in 46040.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 5,446 96.58%
Vacant 193 3.42%

13.16% of the total 5,639 housing units in 46040 are rental units. This is approximately 742 properties.

For owner-occupied housing units, a total of 4,704 are occupied by the owner - or 83.42% of the total.

Rental Rates

The median rent for a property in 46040 is $1,209.00.

In the chart below, we can look at the number of rental properties in 46040 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    0
  • Less than $500
    25
  • $500 to $999
    186
  • $1,000 to $1,499
    355
  • $1,500 to $1,999
    89
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    87
  • $3,000 or more
    0

Property Value

The median value of a property in 46040 is $322,900.00.

Just like with rental rates, we can look at the number of properties in 46040 that fall into a particular value range.

  • Less than $50,000
    78
  • $50,000 to $99,999
    143
  • $100,000 to $149,999
    403
  • $150,000 to $199,999
    770
  • $200,000 to $299,999
    822
  • $300,000 to $499,999
    1,460
  • $500,000 to $999,999
    1,000
  • $1,000,000 or more
    28

Property Age

We can also look at the age of properties in 46040. The chart below shows the number of properties in 46040 that fall into a particular age range.

  • 1939 or earlier
    271
  • 1940 to 1949
    159
  • 1950 to 1959
    216
  • 1960 to 1969
    312
  • 1970 to 1979
    817
  • 1980 to 1989
    435
  • 1990 to 1999
    546
  • 2000 to 2009
    1,172
  • 2010 to 2013
    1,695
  • 2014 or later
    16

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 46040 that have a particular number of vehicles available.

  • No vehicles available
    191
  • 1 vehicle available
    529
  • 2 vehicles available
    2,836
  • 3 or more vehicles available
    1,890

Commuting to Work

In this section, we can also look at how people in 46040 get to work. The chart below shows the number of people in 46040 that commute to work in a particular way.

25.8 minutes is the average travel time to work for people in 46040.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    163
  • 5 to 9 minutes
    974
  • 10 to 14 minutes
    283
  • 15 to 19 minutes
    729
  • 20 to 24 minutes
    1,527
  • 25 to 29 minutes
    382
  • 30 to 34 minutes
    1,047
  • 35 to 39 minutes
    636
  • 40 to 44 minutes
    386
  • 45 to 59 minutes
    745
  • 60 to 89 minutes
    203
  • 90 or more minutes
    76

Summary

We've covered a LOT of demographic and population data for 46040 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 46040

If you want to see how the population and demographics of 46040 compare to other zip codes in Indiana, check out the list of all Indiana zip codes below: