47031 ZIP Code – Milan, Indiana
ZIP code 47031 is a mid-sized ZIP code located in Milan, Indiana, within Ripley County with a population of approximately 5,422 residents. At $64,500, the median household income here runs near the Indiana average and near the U.S. average. Homes in this ZIP code have a median value of $181,700, below the national average, with 80.0% owner-occupied housing (increasing). , with median rent coming in at $898 — below the national figure. Housing consists of 81% single-family (increasing).
The unemployment rate is 5.2%, near the national average. An estimated 10.5% of the population falls below the poverty line, below the national figure. 16.7% of adults hold a bachelor's degree or higher, below the U.S. average. Residents have a median age of 42.1, near the U.S. median. Nearby ZIP codes include 47032, 47041, 47037.
ZIP Code 47031 Data
See more demographics for:
ZIP 47031 vs. Indiana vs. U.S.
| Metric | ZIP 47031 | IN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 5,422 | 8,642 | 10k |
| Median Household Income | $64k | $69k | $73k |
| Median Home Value | $181k | $165k | $258k |
| Median Rent | $898 | $898 | $1,088 |
| Median Age | 42.1 | 41.0 | 43.2 |
| Unemployment Rate | 5.2% | 4.2% | 5.0% |
| Poverty Rate | 10.5% | 11.3% | 13.3% |
| Bachelor's Degree or Higher | 16.7% | 21.0% | 26.9% |
Demographics Charts
Race & Ethnicity
Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 47032 – Moores Hill
- 47041 – Sunman
- 47037 – Osgood
- 47042 – Versailles
- 47018 – Dillsboro
- 47033 – Morris
- 47034 – Napoleon
- 47021 – Friendship
- 47001 – Aurora
- 47006 – Batesville
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 47032 | MOORES HILL | 3,177 | $71,875 |
| 47041 | SUNMAN | 6,005 | $81,985 |
| 47037 | OSGOOD | 4,352 | $68,446 |
| 47042 | VERSAILLES | 3,655 | $73,967 |
| 47018 | DILLSBORO | 4,674 | $74,221 |