46240 Income Statistics

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Comparison to Surrounding Areas

46240 Median Household Income

The median household income ($63,317) for 46240 is less than the median household income for 46220 ($93,595), 46260 ($66,330), 46280 ($80,267), 46038 ($105,057), 46250 ($65,869), Hamilton County ($114,866), and Carmel city ($132,859). But it's more than 46290 ($-1), Marion County ($59,504), and Indianapolis city ($59,253).

46240	$63,317
Carmel city	$132,859
Indianapolis city	$59,253
Hamilton County	$114,866
Marion County	$59,504

46240 Average Household Income

The average household income ($111,498) for 46240 is less than the average household income for 46038 ($121,339), 46220 ($127,576), 46290 ($182,184), Hamilton County ($151,722), and Carmel city ($181,667). But it's more than 46250 ($92,947), 46260 ($98,188), 46280 ($102,313), Marion County ($83,196), and Indianapolis city ($83,352).

46240	$111,498
Carmel city	$181,667
Indianapolis city	$83,352
Hamilton County	$151,722
Marion County	$83,196

46240 Per-Capita Income

The per-capita income for 46240 is $57,202. The per capita income ($57,202) for 46240 is less than the per capita income for 46220 ($58,740), 46290 ($97,372), and Carmel city ($70,093). But it's more than 46038 ($46,806), 46250 ($48,683), 46260 ($42,908), 46280 ($49,622), Marion County ($34,796), Hamilton County ($56,943), and Indianapolis city ($34,889).

46240	$57,202
Carmel city	$70,093
Indianapolis city	$34,889
Hamilton County	$56,943
Marion County	$34,796

46240 High Income Households

12.1% of households make over $200,000 a year. The percent high income households (12.1%) for 46240 is more than 46290 (26.7%), 46220 (14.8%), 46250 (8.1%), 46260 (10.7%), 46280 (11.9%), 46038 (15.0%), Marion County (6.1%), Hamilton County (22.8%), Carmel city (31.4%), and Indianapolis city (6.2%).

46240	12.1%
Carmel city	31.4%
Indianapolis city	6.2%
Hamilton County	22.8%
Marion County	6.1%

46240 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
46240	$32,400	$72,069	$78,783	$48,424
Carmel city	$57,125	$136,484	$180,057	$78,442
Indianapolis city	$37,500	$63,728	$68,133	$47,609
Hamilton County	$52,900	$123,919	$141,967	$69,887
Marion County	$37,934	$63,875	$68,617	$47,753

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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 2022 5-year estimates. You can find this information and other demographics for 46240 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

	Median Household Income	Average Household Income	Per Capita Income	High Income Households	Median Household Income by Age of Householder
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
46240	+/-$7,444	+/-$8,736	+/-$4,283	+/-2.2%	+/-$18,047	+/-$13,134	+/-$21,200	+/-$9,635
Carmel city	+/-$8,333	+/-$8,347	+/-$2,890	+/-2.2%	+/-$27,191	+/-$13,173	+/-$10,083	+/-$3,565
Indianapolis city	+/-$880	+/-$1,537	+/-$607	+/-0.3%	+/-$2,606	+/-$1,396	+/-$1,998	+/-$1,389
Hamilton County	+/-$2,326	+/-$3,323	+/-$1,211	+/-1.0%	+/-$8,231	+/-$3,430	+/-$6,311	+/-$3,045
Marion County	+/-$858	+/-$1,459	+/-$567	+/-0.3%	+/-$2,269	+/-$1,410	+/-$1,778	+/-$1,235