47942 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Benton County
Centroid: Latitude 40.683, Longitude -87.412
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 47942 has segments in 2 Counties (Benton, Newton).

Businesses Addresses: 30
PO Box Addresses: 58
Residential Addresses: 242

Multi-Family Addresses: 0
Single Family Addresses: 242

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Earl Park, IN 47942 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	643 (100%)
Population in Households	641 (99.7%)
Population in Families	508 (79.0%)
Population in Group Quarters¹	2 ( 0.3%)
Population Density	13
Diversity Index²	18


INCOME
Median Household Income	$54,179
Average Household Income	$63,978
% of Income for Mortgage⁴	7%
Per Capita Income	$26,372
Wealth Index⁵	54

HOUSING
Total HU (Housing Units)	323 (100%)
Owner Occupied HU	186 (57.6%)
Renter Occupied HU	79 (24.5%)
Vacant Housing Units	58 (18.0%)
Median Home Value	$91,270
Average Home Value	$123,522
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	265
Average Household Size	2.42
Family Households	172
Average Family Size	3

NOTES

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.
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.
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.
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).
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.

Earl Park, IN 47942 - Peer Comparisons by Rank and Percentile

The table below compares 47942 to the other 772 ZIP Codes in Indiana by rank and percentile using July 1, 2020 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.12%	0.03%
Households	0.15%	0.0%
Families	0.0%	-0.12%
Median Household Income		1.13%
Per Capita Income		1.69%
Owner Occupied HU		0.0%

Variable Description	Rank	Percentile
Total Population	# 649	16th
Population Density	# 761	2nd
Median Household Income	# 454	41st
Housing Affordability Index	# 737	95th
Per Capita Income	# 436	44th
Diversity Index	# 251	67th

Earl Park, IN 47942 ZIP Code Profile

ZIP Code 47942: Basic Data & USPS Preferred City Name

Earl Park, IN 47942 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Earl Park, IN 47942 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 47942

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