47031 Income Statistics

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Comparison to Surrounding Areas

47031 Median Household Income

The median household income ($64,500) for 47031 is less than the median household income for 47042 ($73,967), 47037 ($68,446), 47041 ($81,985), 47001 ($72,137), 47018 ($74,221), 47032 ($71,875), Ripley County ($70,285), and Dearborn County ($80,352). But it's more than Elrod CDP ($-1), Milan town ($53,047), and Pierceville CDP ($53,750).

47031	$64,500
Elrod CDP	$-1
Milan town	$53,047
Pierceville CDP	$53,750
Dearborn County	$80,352
Ripley County	$70,285

47031 Average Household Income

The average household income ($101,023) for 47031 is less than the average household income for 47032 ($101,887). But it's more than 47042 ($81,961), 47001 ($80,096), 47018 ($76,808), 47037 ($78,601), 47041 ($96,203), Dearborn County ($91,881), Ripley County ($88,962), Elrod CDP ($-1), Milan town ($66,561), and Pierceville CDP ($54,407).

47031	$101,023
Elrod CDP	$-1
Milan town	$66,561
Pierceville CDP	$54,407
Dearborn County	$91,881
Ripley County	$88,962

47031 Per-Capita Income

The per-capita income for 47031 is $38,428. The per capita income ($38,428) for 47031 is less than the per capita income for 47032 ($39,466). But it's more than 47042 ($35,942), 47001 ($33,251), 47018 ($30,082), 47037 ($30,900), 47041 ($34,638), Dearborn County ($36,005), Ripley County ($34,578), Elrod CDP ($-1), Milan town ($26,004), and Pierceville CDP ($17,333).

47031	$38,428
Elrod CDP	$-1
Milan town	$26,004
Pierceville CDP	$17,333
Dearborn County	$36,005
Ripley County	$34,578

47031 High Income Households

6.1% of households make over $200,000 a year. The percent high income households (6.1%) for 47031 is more than 47042 (3.7%), 47001 (3.8%), 47018 (2.5%), 47032 (5.0%), 47037 (4.6%), 47041 (5.7%), Ripley County (4.9%), Dearborn County (5.7%), Elrod CDP (0.0%), Milan town (0.6%), and Pierceville CDP (0.0%).

47031	6.1%
Elrod CDP	0.0%
Milan town	0.6%
Pierceville CDP	0.0%
Dearborn County	5.7%
Ripley County	4.9%

47031 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
47031	$44,354	$67,344	$83,839	$39,583
Elrod CDP	$-1	$-1	$-1	$-1
Milan town	$65,938	$51,042	$66,719	$35,682
Pierceville CDP	$-1	$-1	$-1	$-1
Dearborn County	$41,667	$97,297	$95,452	$50,221
Ripley County	$36,979	$83,301	$92,574	$44,167

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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 47031 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+
47031	+/-$14,240	+/-$27,682	+/-$10,142	+/-4.4%	+/-$6,996	+/-$50,088	+/-$23,062	+/-$12,610
Elrod CDP	+/-$-1	+/-$-1	+/-$-1	+/-96.0%	+/-$-1	+/-$-1	+/-$-1	+/-$-1
Milan town	+/-$13,398	+/-$11,655	+/-$4,313	+/-0.9%	+/-$36,751	+/-$12,675	+/-$10,102	+/-$11,318
Pierceville CDP	+/-$10,027	+/-$5,760	+/-$8,675	+/-48.6%	+/-$-1	+/-$-1	+/-$-1	+/-$-1
Dearborn County	+/-$3,326	+/-$3,478	+/-$1,323	+/-1.2%	+/-$24,449	+/-$4,509	+/-$7,170	+/-$5,340
Ripley County	+/-$4,105	+/-$6,582	+/-$2,316	+/-1.5%	+/-$35,283	+/-$7,268	+/-$9,811	+/-$5,353