The 47588 ZIP Code is associated with the city of Troy in Indiana in Spencer County in the United States. The current population estimate is 615. Median househould income in this region is $58,631, while about 4% of the population lives below the poverty line. The ZIP Code 47588 has a median age of approximately 48.5 years, with 30.4% of residents aged 62 years and older. In this Indiana region, an estimated 13.2% have a bachelor's degree or higher, while the per capita income comes in at about $31,386.
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The median household income in ZIP Code 47588 is $58,631, while the region's mean household income is $67,048. Breaking income down further, per capita income in the region is $31,386. The per capita income in ZIP Code 47588 of $31,386 is approximately 5.4% more than the per capita income in Indiana overall of $29,777. An estimated 3.6% of the population is living below the poverty line in this region. This rate is approximately 62.11% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 33.0% of the population in 47588 earn $50,000 to $74,999 per year, while an estimated 20.6% earn $100,000 to $149,999 per year, and 0.0% of 47588 residents earn $150,000 to $199,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 2.2% |
| $10,000 to $14,999 per year | 3.4% |
| $15,000 to $24,999 per year | 6.4% |
| $25,000 to $34,999 per year | 12.0% |
| $35,000 to $49,999 per year | 9.7% |
| $50,000 to $74,999 per year | 33.0% |
| $75,000 to $99,999 per year | 12.4% |
| $100,000 to $149,999 per year | 20.6% |
| $150,000 to $199,999 per year | 0.0% |
| $200,000 or more per year | 0.4% |
Looking at race in the population that makes up ZIP Code 47588, 99.7% is one race, while 0.3% are two or more races. Approximately 3.9% of 47588 residents are hispanic or Latino (of any race). The most common race in 47588 (race alone or in combination with one or more other races), is White (96.4%), followed by Some other race (3.6%) .
| Industry | Percent |
|---|---|
| White | 96.4% |
| Black or African American | 0.0% |
| American Indian and Alaska Native | 0.0% |
| Asian | 0.3% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 3.6% |
Residents of ZIP Code 47588 are older than average. The median age of 48.5 years in ZIP Code 47588 is approximately 27.3% higher than the overall median age in the U.S. of 38.1 years. About 82.9% of residents are aged 18 years and older, and 30.4% of residents are 62 years and over. Approximately 14.8% of the population in 47588 falls in the age group 45 to 54 years, while an estimated 14.6% are aged 65 to 74 years. On the low end of the scale, 0.2% of 47588 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 3.3% |
| 5 to 9 years | 3.1% |
| 10 to 14 years | 8.9% |
| 15 to 19 years | 3.9% |
| 20 to 24 years | 2.0% |
| 25 to 34 years | 10.9% |
| 35 to 44 years | 12.7% |
| 45 to 54 years | 14.8% |
| 55 to 59 years | 6.5% |
| 60 to 64 years | 8.1% |
| 65 to 74 years | 14.6% |
| 75 to 84 years | 11.1% |
| 85 years and over | 0.2% |
In ZIP Code 47588, 96.0% of the population lists "English only" as the language spoken in home, while 4.0% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 0.0% of homes, and other Indo-European languages are spoken in 0.0% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Spencer County region.
| Language Spoken | Percent |
|---|---|
| English only | 96.0% |
| Spanish | 4.0% |
| Other Indo-European languages | 0.0% |
| Asian and Pacific Islander languages | 0.0% |
| Other languages | 0.0% |
Regarding the age of homes in ZIP Code 47588, an estimated 27.6% of homes were built in 1939 or earlier. Additionally, 19.6% of homes in the region were built between 2000 and 2009, while an estimated 0.0% of homes were built between 2010 and 2013 in this Spencer County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.0% |
| Built between 2010 and 2013 | 0.0% |
| Built between 2000 and 2009 | 19.6% |
| Built between 1990 and 1999 | 10.4% |
| Built between 1980 and 1989 | 5.0% |
| Built between 1970 and 1979 | 9.5% |
| Built between 1960 and 1969 | 7.4% |
| Built between 1950 and 1959 | 12.8% |
| Built between 1940 and 1949 | 7.7% |
| Built in 1939 or earlier | 27.6% |
In ZIP Code 47588, 89.7% of the population graduated high school, while 13.2% have a bachelor's degree or higher. In this region, 6.2% achieved an education level less than 9th grade, while 5.8% hold a graduate or professional degree. Approximately 53.6% in this Spencer County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 6.2% |
| 9th to 12th grade, no diploma | 4.1% |
| High school graduate (includes equivalency) | 53.6% |
| Some college, no degree | 18.4% |
| Associate's degree | 4.5% |
| Bachelor's degree | 7.4% |
| Graduate or professional degree | 5.8% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 47588 is current access to health insurance, as an estimated 92.7% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 47588 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 92.7% |
| Risk Behavior | Percent of adults* |
|---|
Regarding solar power potential, ZIP Code 47588 has an average daily solar radiation level of 4.97 kWh/m2/day. This is approximately 20.63% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 24.58% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 47588 | 12.62¢/kWh | 11.69¢/kWh | 5.46¢/kWh |
| Indiana | 17.33¢/kWh | 14.11¢/kWh | 9.12¢/kWh |
| United States | 18.07¢/kWh | 14.06¢/kWh | 9.02¢/kWh |
| Month | ZIP Code 47588 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.67 | 1.9 | 5.84 |
| Feb | 4.16 | 3 | 6.31 |
| Mar | 4.63 | 3.65 | 7.02 |
| Apr | 5.44 | 5.13 | 7.3 |
| May | 5.58 | 5.17 | 7.13 |
| Jun | 5.89 | 5.72 | 6.95 |
| Jul | 5.86 | 6.22 | 6.51 |
| Aug | 6.1 | 6.08 | 6.65 |
| Sep | 5.87 | 5.15 | 7.02 |
| Oct | 5.11 | 3.32 | 6.92 |
| Nov | 3.99 | 2.33 | 5.99 |
| Dec | 3.34 | 1.78 | 5.46 |
In 47588, 62.9% of the population is in the labor force. Recent estimates place 16.1% as working from home, while the total labor force in the region has a mean travel to time to work of 27.1 minutes. Approximately 37.8% of the employed population 16 years and over in 47588 work in manufacturing, while an estimated 21.9% work in agriculture, forestry, fishing and hunting, and mining. On the lower end of the scale, just 0.0% of 47588 workers 16 years and over work in other services, except public administration.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 21.9% |
| Construction | 3.1% |
| Manufacturing | 37.8% |
| Wholesale trade | 0.9% |
| Retail trade | 1.9% |
| Transportation and warehousing, and utilities | 4.4% |
| Information | 0.9% |
| Finance and insurance, and real estate and rental and leasing | 0.9% |
| Professional, scientific, management, and administrative | 3.4% |
| Educational services, and health care and social assistance | 12.8% |
| Arts, entertainment, and recreation, and accommodation and food services | 6.9% |
| Other services, except public administration | 0.0% |
| Public administration | 5.0% |