ZIP Code 47374: Population, Income, Housing

State: IN

Total population: 44,615 Household income: $50,766 Rent: $820

Overview

Total population

44,615

Rent

$820

Year built

1959

Household income

$50,766

Per capita income

$31,638

Poverty rate

22%

Unemployment rate

N/A

Household size

2.3 persons

Rent over 30% of income

48.2%

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

Wayne County

City

Richmond

Total population

44,615

Adults over 25

30,646

Total households

18,782

Household size

2.3 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

$50,766

Per capita income

$31,638

Poverty rate

22%

Unemployment rate

N/A

Rent over 30% of income

48.2%

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

$820

Year built

1959

Households that rent

36%

Households that own

64%

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

82.3%

Black

5.6%

Asian

1.3%

Two or more races

7.7%

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

4.6%

Not Hispanic or Latino

95.4%

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

17,564 (94%)

Commute time to work

20 mins

Work from home

1,128 (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

32.3%

High school graduate or GED

34.4%

Some college or associate degree

11.9%

Bachelor’s degree or higher

21.4%

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 47374 with: Wayne County, IN Indiana United States

ZIP 47374

Total population44,615

Rent$820

Year built1959

Household income$50,766

Per capita income$31,638

Poverty rate22%

Unemployment rateN/A

Wayne County, IN

Total population66,397

Rent$815

Year built1960

Household income$55,692

Per capita income$32,895

Poverty rate17.9%

Unemployment rate4.5%

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	ZIP47374	CountyWayne, IN	StateIndiana	CountryUnited States
Total population	44,615	66,397	6,851,073	334,922,499
Rent	$820	$815	$1,062	$1,413
Year built	1959	1960	1976	1980
Household income	$50,766	$55,692	$71,957	$80,734
Per capita income	$31,638	$32,895	$38,351	$44,673
Poverty rate	22%	17.9%	12.3%	12.5%
Unemployment rate	N/A	4.5%	4.2%	4%

View the full multi-level comparison →

Summary for 47374

Rent & Income

In 47374, the typical monthly rent is $820 and the typical household income is $50,766. Rent here is lower than Indiana, and household income is lower than Indiana. The estimated poverty rate is 22%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 36% of households. About 48.2% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 21.4% of adults holding a bachelor’s degree or higher.

ZIP 47374 — Rent vs Household Income

ZIP 47374 — Poverty

How ZIP 47374 compares in Indiana (62 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$820	1 / 62	from lower rent	$820 – $1,795
Household income	$50,766	60 / 62	from higher income	$49,195 – $177,679
Poverty rate	22%	58 / 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 47374

Rent

For rent, this ZIP is positioned 1st 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 47374 ranks 60th 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 58th 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 47374 (with Utilities)

Estimated Monthly Rent: $820 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 47374

Annual Household Income: $50,766

💡 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 47374

Estimated Rate: 22%

💡 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 47374

In ZIP Code 47374, households that rent: 6,765 (36%)

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

Household Type	Count	Share
Renter-Occupied	6,765	36%
Owner-Occupied	12,017	64%

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 47374

In ZIP Code 47374, cost-burdened renters (households spending over 30% of income on housing): 3,263 (48.2%)

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

Household Group	Households	Share
Cost-burdened renters (over 30%)	3,263	48.2%
Other renter households	3,502	51.8%
Total renter households	6,765	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 47374

Less than High School: 9,889 people (32.3%)

Includes adults who did not complete high school.

High School Graduate or GED: 10,553 people (34.4%)

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

Some College or Associate Degree: 3,632 people (11.9%)

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

Bachelor’s Degree or Higher: 6,572 people (21.4%)

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

👥 Total Adults (25+): 30,646

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.