46123 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 46123, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

46123 is a zip code in Hendricks County, Indiana, which covers Washington, with a total population of 41,124 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 46123 zip code. The most basic data is the total population, which is the total number of people living in 46123.

The estimated population of people living in 46123 is 41,124, with a median age of 37.5.

We can look back at data from previous years to see how the population in the 46123 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
41,124
+6.39%
+19.98%
2020
38,655
+5.57%
-
2019
36,616
+2.8%
-
2018
35,617
+3.91%
-
2017
34,276
 - -

Population of 46123 by Race and Ethnicity

How much has the race and ethnicity of the population in the 46123 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
76.9%
82%
 -6.22%
Black/African American
8.4%
5.8%
 +44.83%
Native
0.1%
0.4%
 -75.00%
Hispanic
6.4%
6.2%
 +3.23%
Asian
3.8%
2.3%
 +65.22%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
4.5%
2.9%
 +55.17%
Other
0%
0.3%
 -100.00%

This data can be very important for anybody studying the 46123 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 46123 by Age and Gender

We can also monitor the change of the age and gender in the 46123 zip code to track track trends in the population over time.

We can see how the population in 46123 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 37.5 +3.31% 37.2 +7.2% 37.6 -0.79%
2020 36.3 -1.09% 34.7 -0.29% 37.9 -2.32%
2019 36.7 +0.27% 34.8 0% 38.8 -0.26%
2018 36.6 +2.52% 34.8 +0.58% 38.9 +4.29%
2017 35.7 - 34.6 - 37.3 -

The median age of the 46123 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 46123 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 2,366 -8.43% 2,227 +12.54% 2,134 2,512
10 to 19 2,884 +18.42% 2,880 +11.17% 3,415 3,205
20 to 29 1,770 +33.95% 1,708 +50.63% 2,379 2,660
30 to 39 2,529 +19.43% 2,595 +20.83% 3,047 3,147
40 to 49 2,513 +21.75% 2,869 +4.1% 3,087 2,960
50 to 59 2,091 +28.53% 1,879 +24.61% 2,752 2,322
60 to 69 1,505 +22.13% 1,934 +8.6% 1,862 2,096
70+ 1,009 +41.58% 1,517 +34.86% 1,439 2,107

Median Household Income

The latest median household income for the 46123 zip code is $90,628.00.

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 46123.

  • Under 25
    $48,817.00
  • 25 to 44
    $86,359.00
  • 45 to 64
    $132,582.00
  • 65 and over
    $57,523.00

Average Household Income

Whenever we ask what is the average household income in the 46123 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 46123, 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 46123 is currently $117,111.00.

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.

10.97% of households in 46123 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 46123 against other zip codes.

  • Less than $24,999
    5.11%
  • $25,000 to $49,999
    15.47%
  • $50,000 to $74,999
    17.80%
  • $75,000 to $99,999
    17.61%
  • $100,000 to $149,999
    20.98%
  • $150,000 to $199,999
    12.05%
  • $200,000 or more
    10.97%

Per Capita Income

The per capita income in 46123 is $43,443.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 46123 by the total population of 46123.

This is different from the average or mean income because it includes and accounts for all people living in the 46123 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 46123 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
    15.97%
  • Bachelor's degree
    40.56%
  • Some college or associate's degree
    11.06%
  • High school diploma or equivalent
    31.05%
  • Less than high school diploma
    1.36%

Employment

Employment rates are all based around the total population in 46123 that are over the age of 16.

Currently, the total population of the 46123 zip over the age of 16 is 32,363.

Of those people, a total of 71.20% 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 46123 is 68.70%.

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 46123 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 2,505 40.20% 4.10%
20 to 24 years 2,826 86.40% 7.60%
25 to 29 years 2,213 84.50% 2.10%
30 to 34 years 2,577 84.10% 0.70%
35 to 44 years 5,839 84.50% 2.80%
45 to 54 years 6,866 91.00% 0.60%
55 to 59 years 2,033 83.10% 0.00%
60 to 64 years 2,242 65.50% 8.70%
65 to 74 years 3,484 29.20% 17.60%
75 years and over 1,778 10.80% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 46123. 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 26,883 71.40% 3.70%
Black or African American 2,816 75.70% 0.00%
American Indian and Alaska Native 65 100.00% 0.00%
Asian 1,058 62.60% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 396 45.20% 0.00%
Two or more races 1,145 69.80% 6.30%
Hispanic or Latino 1,934 63.20% 11.00%
Not Hispanic or Latino 25,647 71.40% 3.50%

Occupations

In this section we can look at the most common occupations for people living in the 46123 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 46123 is 22,237, with median earnings of $50,614.00.

Women in 46123 are earning approximately 57.60% of the men's earnings.

Population Earnings
Total 22,237 $50,614.00
Male 11,392 $69,175.00
Female 10,845 $39,829.00

Occupations by Category

In the table below, we can break down the population and earnings for 46123 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 2,840 $96,833.00
Business and Financial 1,905 $55,981.00
Computer and Mathematical 1,194 $87,537.00
Architecture and Engineering 682 $91,544.00
Life, Physical, and Social Science 260 $142,222.00
Community and Social Service 820 $43,031.00
Legal 186 $56,585.00
Educational and Library 1,464 $30,946.00
Arts, Design, Entertainment, Sports, and Media 145 $24,417.00
Healthcare Practitioners 1,441 $55,471.00
Healthcare Support 298 $12,073.00
Firefighters and Protective Service 226 $73,538.00
Law Enforcement 210 $42,604.00
Food Preparation and Serving 555 $13,224.00
Building and Grounds Cleaning 475 $21,483.00
Personal Care and Service 471 $13,542.00
Sales 2,060 $57,057.00
Office and Administrative Support 2,648 $34,573.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 551 $70,563.00
Installation, Maintenance, and Repair 521 $62,801.00
Production 1,020 $47,091.00
Transportation and Material Moving 647 $56,793.00

Occupations by Gender

Now we can also look at the occupations by category for 46123 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 46123.

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 1,953 $111,107.00 887 $74,368.00
Business and Financial 1,024 $83,706.00 881 $40,043.00
Computer and Mathematical 746 $85,862.00 448 $88,241.00
Architecture and Engineering 614 $91,728.00 68 $79,219.00
Life, Physical, and Social Science 209 $153,513.00 51 $0.00
Community and Social Service 103 $44,659.00 717 $42,940.00
Legal 117 $57,060.00 69 $49,036.00
Educational and Library 106 $63,542.00 1,358 $30,608.00
Arts, Design, Entertainment, Sports, and Media 63 $46,217.00 82 $14,028.00
Healthcare Practitioners 230 $59,737.00 1,211 $54,554.00
Healthcare Support 22 $0.00 276 $11,850.00
Firefighters and Protective Service 207 $73,986.00 19 $0.00
Law Enforcement 89 $34,145.00 121 $55,938.00
Food Preparation and Serving 193 $20,104.00 362 $13,202.00
Building and Grounds Cleaning 248 $21,533.00 227 $21,439.00
Personal Care and Service 74 $2,499.00 397 $13,681.00
Sales 1,183 $71,597.00 877 $40,729.00
Office and Administrative Support 558 $27,969.00 2,090 $35,605.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 551 $70,563.00 0 $0.00
Installation, Maintenance, and Repair 521 $62,801.00 0 $0.00
Production 605 $87,574.00 415 $38,066.00
Transportation and Material Moving 605 $58,306.00 42 $31,250.00

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 15,114 households in 46123, with an average household size of 2.71 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 11,716 families living in the 46123 zip code with an average family size of 3.06 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 46123:

Married Male Female Nonfamily
Total Households 8,759 1,172 1,785 3,398
Average Household Size 3.24 2.4 3.09 1.24
Total Families 8,759 1,172 1,785 0
Average Household Size 3.22 2.19 2.87 0

Poverty

Of the 11,716 families living in 46123, 6.30% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 46123:

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 15,920 housing units in 46123.

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

Total Percentage
Occupied 15,114 94.94%
Vacant 806 5.06%

20.18% of the total 15,920 housing units in 46123 are rental units. This is approximately 3,213 properties.

For owner-occupied housing units, a total of 11,817 are occupied by the owner - or 74.23% of the total.

Rental Rates

The median rent for a property in 46123 is $1,267.00.

In the chart below, we can look at the number of rental properties in 46123 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
    84
  • Less than $500
    110
  • $500 to $999
    222
  • $1,000 to $1,499
    2,082
  • $1,500 to $1,999
    655
  • $2,000 to $2,499
    31
  • $2,500 to $2,999
    23
  • $3,000 or more
    90

Property Value

The median value of a property in 46123 is $229,700.00.

Just like with rental rates, we can look at the number of properties in 46123 that fall into a particular value range.

  • Less than $50,000
    157
  • $50,000 to $99,999
    91
  • $100,000 to $149,999
    1,774
  • $150,000 to $199,999
    2,671
  • $200,000 to $299,999
    3,948
  • $300,000 to $499,999
    2,851
  • $500,000 to $999,999
    315
  • $1,000,000 or more
    10

Property Age

We can also look at the age of properties in 46123. The chart below shows the number of properties in 46123 that fall into a particular age range.

  • 1939 or earlier
    184
  • 1940 to 1949
    14
  • 1950 to 1959
    504
  • 1960 to 1969
    507
  • 1970 to 1979
    912
  • 1980 to 1989
    1,016
  • 1990 to 1999
    5,127
  • 2000 to 2009
    4,591
  • 2010 to 2013
    3,038
  • 2014 or later
    27

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 46123 that have a particular number of vehicles available.

  • No vehicles available
    242
  • 1 vehicle available
    3,758
  • 2 vehicles available
    6,723
  • 3 or more vehicles available
    4,391

Commuting to Work

In this section, we can also look at how people in 46123 get to work. The chart below shows the number of people in 46123 that commute to work in a particular way.

27.6 minutes is the average travel time to work for people in 46123.

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
    330
  • 5 to 9 minutes
    2,227
  • 10 to 14 minutes
    2,049
  • 15 to 19 minutes
    2,190
  • 20 to 24 minutes
    2,770
  • 25 to 29 minutes
    1,065
  • 30 to 34 minutes
    3,897
  • 35 to 39 minutes
    881
  • 40 to 44 minutes
    981
  • 45 to 59 minutes
    1,348
  • 60 to 89 minutes
    1,307
  • 90 or more minutes
    367

Summary

We've covered a LOT of demographic and population data for 46123 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 46123

If you want to see how the population and demographics of 46123 compare to other zip codes in Indiana, check out the list of all Indiana zip codes below: