ZIP Code 47906: Population, Income, Housing

State: IN
Total population: 75,198 Household income: $53,103 Rent: $1,217

Overview

Total population
75,198
Rent
$1,217
Year built
1999
Household income
$53,103
Per capita income
$31,335
Poverty rate
28.6%
Unemployment rate
N/A
Household size
2.2 persons
Rent over 30% of income
61.8%

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).

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
Tippecanoe County
Total population
75,198
Adults over 25
30,500
Total households
27,234
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).

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.

Income & Poverty

Household income
$53,103
Per capita income
$31,335
Poverty rate
28.6%
Unemployment rate
N/A
Rent over 30% of income
61.8%

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).

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.

Housing

Rent
$1,217
Year built
1999
Households that rent
56.5%
Households that own
43.5%
Rooms per home (all homes)
5.3

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).

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.

Race

White
69.9%
Black
4.3%
Asian
16.3%
Two or more races
5.9%

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.

Ethnicity

Hispanic or Latino
7.7%
Not Hispanic or Latino
92.3%

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).

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.

Commute

Commute rate
28,345 (85%)
Commute time to work
17 mins
Work from home
5,004 (15%)

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.

Education

Less than high school
14.3%
High school graduate or GED
14.5%
Some college or associate degree
7.3%
Bachelor’s degree or higher
63.9%

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.

 

Comparison of ZIP Code 47906 with: Tippecanoe County, IN Indiana United States

ZIP 47906

Total population75,198
Rent$1,217
Year built1999
Household income$53,103
Per capita income$31,335
Poverty rate28.6%
Unemployment rateN/A

Tippecanoe County, IN

Total population189,071
Rent$1,124
Year built1987
Household income$60,636
Per capita income$33,313
Poverty rate19.2%
Unemployment rate3.5%

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 ZIP47906 CountyTippecanoe, INStateIndianaCountryUnited States
Total population75,198189,0716,851,073334,922,499
Rent$1,217$1,124$1,062$1,413
Year built1999198719761980
Household income$53,103$60,636$71,957$80,734
Per capita income$31,335$33,313$38,351$44,673
Poverty rate28.6%19.2%12.3%12.5%
Unemployment rateN/A3.5%4.2%4%

View the full multi-level comparison →

 

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Summary for 47906

Rent & Income

In 47906, the typical monthly rent is $1,217 and the typical household income is $53,103. Rent here is higher than Indiana, and household income is lower than Indiana. The estimated poverty rate is 28.6%.

Housing & Affordability

Renters make up about 56.5% of households, making this a predominantly renter area. About 61.8% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is very high, with about 63.9% of adults holding a bachelor’s degree or higher.

 

ZIP 47906 — Rent vs Household Income

 

 

ZIP 47906 — Poverty

 

 

How ZIP 47906 compares in Indiana (62 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,217 40 / 62 from lower rent $820 – $1,795
Household income $53,103 58 / 62 from higher income $49,195 – $177,679
Poverty rate 28.6% 62 / 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 47906

Rent

In terms of rental prices, this ZIP stands 40th out of 62 ZIP Codes in Indiana. Across Indiana, figures vary from $820 in ZIP 47374 up to $1,795 in ZIP 46077.

Household income

When comparing household incomes, ZIP Code 47906 stands 58th out of 62 ZIP Codes. Throughout Indiana, numbers span from $49,195 in ZIP 46201 up to $177,679 in ZIP 46077.

Poverty rate

Looking at poverty indicators, this ZIP stands 62nd out of 62 ZIP Codes. At the state level, values extend from 2% in ZIP 46033 up to 28.6% in ZIP 47906.

 

💰 Rent in ZIP Code 47906 (with Utilities)

Estimated Monthly Rent: $1,217 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 47906

Annual Household Income: $53,103

💡 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 47906

Estimated Rate: 28.6%

💡 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 47906

In ZIP Code 47906, households that rent: 15,389 (56.5%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 15,389 56.5%
Owner-Occupied 11,845 43.5%

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 47906

In ZIP Code 47906, cost-burdened renters (households spending over 30% of income on housing): 9,510 (61.8%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 9,510 61.8%
Other renter households 5,879 38.2%
Total renter households 15,389 100%

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 47906

Less than High School: 4,369 people (14.3%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,430 people (14.5%)

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

Some College or Associate Degree: 2,223 people (7.3%)

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

Bachelor’s Degree or Higher: 19,478 people (63.9%)

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

👥 Total Adults (25+): 30,500

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.