ZIP code 46516: income, home prices and cost of living

The median household income in ZIP 46516 is $52,970, which is 20% below the Indiana median of $66,588 and 23% below the national figure. The typical home is valued at $135,100, and the median rent is $879/month. 61.1% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$52,970

Indiana average
$66,58820%
National
$68,75023%

Median home value

$135,100

Indiana average
$160,50016%
National
$209,60036%

Median gross rent

$879

Indiana average
$8701%
National
$98411%

Median age

37.0 yrs

Indiana average
40.1 yrs8%
National
41.0 yrs10%

Homeownership rate

61.1%

Indiana average
79.9%24%
National
75.8%19%

Bachelor's degree or higher

11.4%

Indiana average
13.0%12%
National
15.9%28%

How ZIP 46516 compares with Indiana and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Indiana

46517465144650746506465264652846530465344654046544

Or compare 46516 with 46517.

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What people search about ZIP 46516

Searches for the cost of living in 46516, the median household income in 46516, average rent in 46516 and home values in this part of Indiana all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 46516, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.