This section shows the ZIP code 46203 Indiana economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, 46203 shows it has a Median earnings of $42,049 which is in the mid range of other zip codes in the greater region. The zip code with the highest median earnings per worker in the area is 46204 which depicts a median earnings of $77,590 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, ZIP code 46203 is approximately three-fourths the size. Also, in contrast to the state of Indiana, median earnings per worker of $48,985, ZIP code 46203 is about 16.5% smaller.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $44,356 which is less than most other zip codes in the metropolitan area. The zip code with the highest median household income in the area is 46204 which shows a median income of $77,951 (75.7% larger). Comparing median household income to the United States average of $69,021, ZIP code 46203 is approximately three-fourths the size. Also, measured against the state of Indiana, median household income of $61,944, ZIP code 46203 is approximately three-fourths the size.
The next section examines a variety of different income statistics for the ZIP code 46203 metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 8.5% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $20.73 which is in the middle range of other zip codes in the greater region. The zip code with the highest average hourly earnings in the area is 46204 which depicts an average hourly earnings of $35.70 (72.2% larger). Comparing average hourly earnings to the United States average of $26.40, ZIP code 46203 is approximately three-fourths the size. Also, versus the state of Indiana, average hourly earnings of $24.28, ZIP code 46203 is about 17.1% smaller.
Figure 5 examines the number of self employed people in the ZIP code 46203 metro area based on the number of people who reported any self employment income. 46203 depicts it has a Self Employed of 8.0% which is the second smallest when ranked by percentage of people self employed of all the other zip codes in the local area. The zip code with the highest percentage of people self employed in the area is 46201 which shows a percentage self employed of 9.4% (18.2% larger).
Figure 6 breaks down the source of income and 46203 has the smallest proportion of self employment income at 7.3% of the total.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 17.7% which is the third most of all other zip codes in the greater region. The zip code with the highest households with retirement income in the area is 46107 which depicts a households with retirement income of 20.4% (15.4% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. 46203 shows full time employees approximately 4.3 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. ZIP code 46203 depicts it has the hightest entrepreneurs of 31% for the self employed in professional, scientific, management, administrative services grouping.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. 46203 depicts it has the hightest cost of 100.5 for the cost of transportation category.
ZIP code 46203 Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. 46203 shows it has a Percent of Population In Poverty of 22.8% which is the third most percent of people earning less than the poverty level of all other zip codes in the greater ZIP code 46203 region. The zip code with the highest percent of people earning less than the poverty level in the area is 46225 which depicts a percent of people in poverty of 32.8% (43.8% larger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) ZIP code 46203 shows it has a Public Assistance Percent of 20.0% which is the third most households with public assistance of all other zip codes in the greater ZIP code 46203 region. The zip code with the highest households with public assistance in the area is 46225 which depicts a households with public assistance of 28.2% (41.1% larger).
ZIP code 46203 Labor Force Charts
The table in Figure 13, shows ZIP code 46203 employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the Coronavirus Pandemic it went from 4.3% to 2.9% in December 2019. This represents a decrease in the monthly unemployment rate of 32.6%. Since that time, the monthly unemployment rate has gone to 2.9%. This represents an increase in the monthly unemployment rate of very little.
ZIP code 46203 Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
ZIP code 46203 Work Commute Charts
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. ZIP code 46203 shows it has a Avg Commute Time of 23 which is the second smallest in terms of average commute time of all the other zip codes in the metro area.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.