47024 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 47024, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

47024 is a zip code in Franklin County, Indiana, which covers Blooming Grove, Brookville, Laurel, Metamora, Posey, and Salt Creek, with a total population of 3,145 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 47024 zip code. The most basic data is the total population, which is the total number of people living in 47024.

The estimated population of people living in 47024 is 3,145, with a median age of 33.7.

We can look back at data from previous years to see how the population in the 47024 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
3,145
 -12.93% -5.16%
2020
3,612
 -2.59% -
2019
3,708
+11.02%
-
2018
3,340
+0.72%
-
2017
3,316
 - -

Population of 47024 by Race and Ethnicity

How much has the race and ethnicity of the population in the 47024 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
94.2%
100%
 -5.80%
Black/African American
0.3%
0%
 0.00%
Native
0%
0%
 0.00%
Hispanic
1.7%
0%
 0.00%
Asian
0%
0%
 0.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
3.7%
0%
 0.00%
Other
0%
0%
 0.00%

This data can be very important for anybody studying the 47024 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 47024 by Age and Gender

We can also monitor the change of the age and gender in the 47024 zip code to track track trends in the population over time.

We can see how the population in 47024 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 33.7 +6.98% 39.8 +9.94% 29.2 +5.04%
2020 31.5 +1.29% 36.2 0% 27.8 +0.72%
2019 31.1 -5.47% 36.2 -7.89% 27.6 -11.54%
2018 32.9 -1.79% 39.3 -0.76% 31.2 +0.32%
2017 33.5 - 39.6 - 31.1 -

The median age of the 47024 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 47024 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 9 178 -17% 312 3.61% 127 293
10 to 19 373 -41.65% 248 +18.77% 227 260
20 to 29 110 +107.25% 268 -13.74% 257 218
30 to 39 176 +18.49% 177 +13.78% 208 198
40 to 49 273 -22.48% 271 -78.92% 200 111
50 to 59 256 +26.23% 166 +40.93% 328 239
60 to 69 123 +26.34% 135 -5.5% 156 118
70+ 139 -12.36% 111 -19.71% 120 85

Median Household Income

The latest median household income for the 47024 zip code is $52,821.00.

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 47024.

  • Under 25
    $0.00
  • 25 to 44
    $61,786.00
  • 45 to 64
    $67,404.00
  • 65 and over
    $28,672.00

Average Household Income

Whenever we ask what is the average household income in the 47024 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 47024, 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 47024 is currently $61,584.00.

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.

0.73% of households in 47024 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 47024 against other zip codes.

  • Less than $24,999
    18.95%
  • $25,000 to $49,999
    27.77%
  • $50,000 to $74,999
    26.56%
  • $75,000 to $99,999
    7.04%
  • $100,000 to $149,999
    16.19%
  • $150,000 to $199,999
    2.75%
  • $200,000 or more
    0.73%

Per Capita Income

The per capita income in 47024 is $25,413.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 47024 by the total population of 47024.

This is different from the average or mean income because it includes and accounts for all people living in the 47024 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 47024 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
    8.78%
  • Bachelor's degree
    9.56%
  • Some college or associate's degree
    13.37%
  • High school diploma or equivalent
    60.68%
  • Less than high school diploma
    7.61%

Employment

Employment rates are all based around the total population in 47024 that are over the age of 16.

Currently, the total population of the 47024 zip over the age of 16 is 2,506.

Of those people, a total of 64.50% 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 47024 is 60.80%.

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 47024 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 268 41.40% 1.80%
20 to 24 years 233 77.70% 13.80%
25 to 29 years 242 92.10% 0.90%
30 to 34 years 254 73.20% 3.80%
35 to 44 years 360 81.90% 15.60%
45 to 54 years 401 79.10% 0.00%
55 to 59 years 269 68.40% 5.40%
60 to 64 years 107 76.60% 0.00%
65 to 74 years 217 17.10% 0.00%
75 years and over 155 0.00% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 47024. 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 2,404 64.50% 5.20%
Black or African American 11 100.00% 0.00%
American Indian and Alaska Native 0 0.00% 0.00%
Asian 0 0.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 19 0.00% 0.00%
Two or more races 72 76.40% 20.00%
Hispanic or Latino 19 0.00% 0.00%
Not Hispanic or Latino 2,404 64.50% 5.20%

Occupations

In this section we can look at the most common occupations for people living in the 47024 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 47024 is 1,524, with median earnings of $36,477.00.

Women in 47024 are earning approximately 74.80% of the men's earnings.

Population Earnings
Total 1,524 $36,477.00
Male 957 $41,659.00
Female 567 $31,172.00

Occupations by Category

In the table below, we can break down the population and earnings for 47024 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 40 $55,577.00
Business and Financial 15 $0.00
Computer and Mathematical 50 $0.00
Architecture and Engineering 62 $66,667.00
Life, Physical, and Social Science 0 $0.00
Community and Social Service 0 $0.00
Legal 0 $0.00
Educational and Library 116 $17,414.00
Arts, Design, Entertainment, Sports, and Media 12 $0.00
Healthcare Practitioners 79 $46,563.00
Healthcare Support 56 $28,833.00
Firefighters and Protective Service 0 $0.00
Law Enforcement 12 $0.00
Food Preparation and Serving 107 $20,579.00
Building and Grounds Cleaning 53 $38,550.00
Personal Care and Service 29 $0.00
Sales 151 $19,826.00
Office and Administrative Support 80 $22,357.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 132 $34,737.00
Installation, Maintenance, and Repair 94 $50,000.00
Production 212 $38,750.00
Transportation and Material Moving 150 $46,833.00

Occupations by Gender

Now we can also look at the occupations by category for 47024 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 47024.

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 26 $56,923.00 14 $0.00
Business and Financial 0 $0.00 15 $0.00
Computer and Mathematical 50 $0.00 0 $0.00
Architecture and Engineering 50 $0.00 12 $0.00
Life, Physical, and Social Science 0 $0.00 0 $0.00
Community and Social Service 0 $0.00 0 $0.00
Legal 0 $0.00 0 $0.00
Educational and Library 17 $0.00 99 $16,681.00
Arts, Design, Entertainment, Sports, and Media 12 $0.00 0 $0.00
Healthcare Practitioners 9 $0.00 70 $50,000.00
Healthcare Support 0 $0.00 56 $28,833.00
Firefighters and Protective Service 0 $0.00 0 $0.00
Law Enforcement 12 $0.00 0 $0.00
Food Preparation and Serving 32 $0.00 75 $21,555.00
Building and Grounds Cleaning 53 $38,550.00 0 $0.00
Personal Care and Service 29 $0.00 0 $0.00
Sales 96 $19,346.00 55 $21,027.00
Office and Administrative Support 15 $0.00 65 $21,964.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 132 $34,737.00 0 $0.00
Installation, Maintenance, and Repair 94 $50,000.00 0 $0.00
Production 152 $42,361.00 60 $34,239.00
Transportation and Material Moving 120 $65,577.00 30 $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 1,235 households in 47024, with an average household size of 2.55 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 762 families living in the 47024 zip code with an average family size of 3.33 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 47024:

Married Male Female Nonfamily
Total Households 502 100 160 473
Average Household Size 3.5 2.99 3.37 1.16
Total Families 502 100 160 0
Average Household Size 3.48 2.9 3.15 0

Poverty

Of the 762 families living in 47024, 13.10% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 47024:

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 1,350 housing units in 47024.

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

Total Percentage
Occupied 1,235 91.48%
Vacant 115 8.52%

19.04% of the total 1,350 housing units in 47024 are rental units. This is approximately 257 properties.

For owner-occupied housing units, a total of 942 are occupied by the owner - or 69.78% of the total.

Rental Rates

The median rent for a property in 47024 is $816.00.

In the chart below, we can look at the number of rental properties in 47024 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
    36
  • Less than $500
    15
  • $500 to $999
    195
  • $1,000 to $1,499
    36
  • $1,500 to $1,999
    11
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 47024 is $82,700.00.

Just like with rental rates, we can look at the number of properties in 47024 that fall into a particular value range.

  • Less than $50,000
    161
  • $50,000 to $99,999
    393
  • $100,000 to $149,999
    165
  • $150,000 to $199,999
    106
  • $200,000 to $299,999
    62
  • $300,000 to $499,999
    26
  • $500,000 to $999,999
    21
  • $1,000,000 or more
    8

Property Age

We can also look at the age of properties in 47024. The chart below shows the number of properties in 47024 that fall into a particular age range.

  • 1939 or earlier
    170
  • 1940 to 1949
    10
  • 1950 to 1959
    99
  • 1960 to 1969
    96
  • 1970 to 1979
    209
  • 1980 to 1989
    101
  • 1990 to 1999
    384
  • 2000 to 2009
    206
  • 2010 to 2013
    63
  • 2014 or later
    12

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 47024 that have a particular number of vehicles available.

  • No vehicles available
    97
  • 1 vehicle available
    300
  • 2 vehicles available
    388
  • 3 or more vehicles available
    450

Commuting to Work

In this section, we can also look at how people in 47024 get to work. The chart below shows the number of people in 47024 that commute to work in a particular way.

38.8 minutes is the average travel time to work for people in 47024.

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
    43
  • 5 to 9 minutes
    27
  • 10 to 14 minutes
    79
  • 15 to 19 minutes
    128
  • 20 to 24 minutes
    248
  • 25 to 29 minutes
    123
  • 30 to 34 minutes
    313
  • 35 to 39 minutes
    88
  • 40 to 44 minutes
    70
  • 45 to 59 minutes
    117
  • 60 to 89 minutes
    183
  • 90 or more minutes
    99

Summary

We've covered a LOT of demographic and population data for 47024 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 47024

If you want to see how the population and demographics of 47024 compare to other zip codes in Indiana, check out the list of all Indiana zip codes below: