US > Indiana > Tippecanoe County > West Lafayette, IN 47906

47906 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Lafayette, IN | West Lafayette, IN
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ZIP Code 47906: Basic Data & USPS Preferred City Name

Preferred Name, USPS
West Lafayette, IN 47906

Acceptable Alternative
La Fayette, IN 47906
Lafayette, IN 47906
W Lafayette, IN 47906

  • ZIP Code Type: STANDARD
  • County: Tippecanoe County
  • Centroid: Latitude 40.496, Longitude -86.967
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes

ZIP Code 47906 has segments in 3 Counties (Tippecanoe, Warren, White).

  • Businesses Addresses: 863
  • PO Box Addresses: 0
  • Residential Addresses: 28,098
    • Multi-Family Addresses: 10,157
    • Single Family Addresses: 17,941

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

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West Lafayette, IN 47906 Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 72,832 (100%)
Population in Households 62,349 (85.6%)
Population in Families 37,768 (51.9%)
Population in Group Quarters1 10,483 (14.4%)
Population Density 557
Diversity Index2 60
 
 

INCOME

Median Household Income $51,628
Average Household Income $79,223
% of Income for Mortgage4 37%
Per Capita Income $29,980
Wealth Index5 67
Socioeconomic Status Index6 Moderate (56.5)
 

HOUSING

Total HU (Housing Units) 30,131 (100%)
Owner Occupied HU 11,826 (39.2%)
Renter Occupied HU 15,097 (50.1%)
Vacant Housing Units 3,208 (10.6%)
Median Home Value $302,150
Average Home Value $329,689
Housing Affordability Index3 69
 

HOUSEHOLDS

Total Households 26,923
Average Household Size 2.32
Family Households 12,299
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 1.00% 0.72%
Households 1.30% 1.14%
Families   1.11%
Median Household Income   2.77%
Per Capita Income   3.35%
Owner Occupied HU   1.22%

West Lafayette, IN 47906 - Peer Comparisons by Rank and Percentile

The table below compares 47906 to the other 763 ZIP Codes in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1 100th
Population Density # 205 73rd
Median Household Income # 691 10th
Housing Affordability Index # 63 8th
Per Capita Income # 608 20th
Diversity Index # 68 91st

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.


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