ZIP Code 47304: Population, Income, Housing

State: IN

Total population: 31,237 Household income: $63,215 Rent: $994

Overview

Total population

31,237

Rent

$994

Year built

1975

Household income

$63,215

Per capita income

$36,363

Poverty rate

16%

Unemployment rate

N/A

Household size

2.2 persons

Rent over 30% of income

41.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Indiana

County

Delaware County

City

Muncie

Total population

31,237

Adults over 25

20,109

Total households

13,599

Household size

2.2 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$63,215

Per capita income

$36,363

Poverty rate

16%

Unemployment rate

N/A

Rent over 30% of income

41.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$994

Year built

1975

Households that rent

34.6%

Households that own

65.4%

Rooms per home (all homes)

5.8

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

83.8%

Black

4.3%

Asian

3.8%

Two or more races

4.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

3.7%

Not Hispanic or Latino

96.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

14,026 (90.4%)

Commute time to work

19 mins

Work from home

1,494 (9.6%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

24.8%

High school graduate or GED

22.6%

Some college or associate degree

10.7%

Bachelor’s degree or higher

41.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 47304 with: Delaware County, IN Indiana United States

ZIP 47304

Total population31,237

Rent$994

Year built1975

Household income$63,215

Per capita income$36,363

Poverty rate16%

Unemployment rateN/A

Delaware County, IN

Total population112,280

Rent$906

Year built1967

Household income$58,127

Per capita income$31,091

Poverty rate19.6%

Unemployment rate4.3%

Indiana State

Total population6,851,073

Rent$1,062

Year built1976

Household income$71,957

Per capita income$38,351

Poverty rate12.3%

Unemployment rate4.2%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP47304	CountyDelaware, IN	StateIndiana	CountryUnited States
Total population	31,237	112,280	6,851,073	334,922,499
Rent	$994	$906	$1,062	$1,413
Year built	1975	1967	1976	1980
Household income	$63,215	$58,127	$71,957	$80,734
Per capita income	$36,363	$31,091	$38,351	$44,673
Poverty rate	16%	19.6%	12.3%	12.5%
Unemployment rate	N/A	4.3%	4.2%	4%

View the full multi-level comparison →

Summary for 47304

Rent & Income

In 47304, the typical monthly rent is $994 and the typical household income is $63,215. Rent here is lower than Indiana, and household income is lower than Indiana. The estimated poverty rate is 16%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 34.6% of households. About 41.9% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 41.9% of adults holding a bachelor’s degree or higher.

ZIP 47304 — Rent vs Household Income

ZIP 47304 — Poverty

How ZIP 47304 compares in Indiana (62 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$994	11 / 62	from lower rent	$820 – $1,795
Household income	$63,215	42 / 62	from higher income	$49,195 – $177,679
Poverty rate	16%	44 / 62	from lower poverty	2% – 28.6%

Rankings are calculated among ZIP Codes in Indiana with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 47304

Rent

For rent, this ZIP is positioned 11th out of 62 ZIP Codes in Indiana. In Indiana as a whole, the range goes from $820 in ZIP 47374 up to $1,795 in ZIP 46077.

Household income

For household income, ZIP Code 47304 ranks 42nd out of 62 ZIP Codes. Statewide, values range from $49,195 in ZIP 46201 up to $177,679 in ZIP 46077.

Poverty rate

For poverty levels, this ZIP is positioned 44th out of 62 ZIP Codes. Across Indiana, figures vary from 2% in ZIP 46033 up to 28.6% in ZIP 47906.

💰 Rent in ZIP Code 47304 (with Utilities)

Estimated Monthly Rent: $994 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 47304

Annual Household Income: $63,215

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 47304

Estimated Rate: 16%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 47304

In ZIP Code 47304, households that rent: 4,699 (34.6%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	4,699	34.6%
Owner-Occupied	8,900	65.4%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 47304

In ZIP Code 47304, cost-burdened renters (households spending over 30% of income on housing): 1,967 (41.9%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	1,967	41.9%
Other renter households	2,732	58.1%
Total renter households	4,699	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 47304

Less than High School: 4,984 people (24.8%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,539 people (22.6%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,158 people (10.7%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 8,428 people (41.9%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 20,109

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.