47340 ZIP Code – Farmland, Indiana

ZIP code 47340 is a small ZIP code located in Farmland, Indiana, within Randolph County with a population of approximately 3,073 residents. Residents earn a median household income of $60,045, which is near the Indiana average and below the national figure. Median home values of $153,600 are well below the national average, with 76.1% owner-occupied housing (stable). , and the median rent of $837 is below the national average. Housing consists of 90% single-family (decreasing), 5% duplex/multi-family.

At 3.4%, the unemployment rate is below the national figure. The poverty rate of 10.7% is below the U.S. average. 21.1% of adults hold a bachelor's degree or higher, below the U.S. average. The median age is 40.9, near the national median. ZIP codes in the surrounding area include 47368, 47383, 47394.

ZIP Code 47340 Data

Population 3,073
Median Household Income $60,045
Median Home Value $153,600
Median Rent $837
Median Age 40.9
Unemployment Rate 3.4%
Poverty Rate 10.7%
Bachelor's Degree or Higher 21.1%
State Indiana

ZIP 47340 vs. Indiana vs. U.S.

MetricZIP 47340IN Avg.U.S. Avg.
Population3,0738,64210k
Median Household Income$60k$69k$73k
Median Home Value$153k$165k$258k
Median Rent$837$898$1,088
Median Age40.941.043.2
Unemployment Rate3.4%4.2%5.0%
Poverty Rate10.7%11.3%13.3%
Bachelor's Degree or Higher21.1%21.0%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
47368 PARKER CITY 2,008 $66,250
47383 SELMA 2,864 $62,321
47394 WINCHESTER 8,396 $65,801
47358 MODOC 966 $71,641
47380 RIDGEVILLE 1,476 $55,234