47020 Zip Code (Florence, IN) Detailed Profile

Estimated zip code population in 2022: 1,296
Zip code population in 2010: 1,309
Zip code population in 2000: 1,037

Houses and condos: 496
Renter-occupied apartments: 106
March 2022 cost of living index in zip code 47020: 82.6 (low, U.S. average is 100)

Land area: 21.6 sq. mi.
Water area: 0.3 sq. mi.

Population density: 60 people per square mile

(very low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $409 (0.3%)

For population 25 years and over in 47020:

• High school or higher: 90.7%
• Bachelor's degree or higher: 8.5%
• Graduate or professional degree: 0.0%
• Mean travel time to work (commute): 37.5 minutes

For population 15 years and over in 47020:

• Never married: 25.6%
• Now married: 53.5%
• Separated: 2.5%
• Widowed: 5.5%
• Divorced: 12.9%

• 
• • 1,20893.3%White
  • 614.7%Two or more races
  • 262.0%Hispanic or Latino

100% rural population.

Averages for the 2020 tax year for zip code 47020, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $51,296 (Individual Income Tax Returns)

Here:	$51,296
State:	$64,978

Salary/wage: $47,833 (reported on 83.0% of returns)

Here:	$47,833
State:	$55,245

(% of AGI for various income ranges: 1149.1% for AGIs below $25k, 3553.0% for AGIs $25k-50k, 6970.0% for AGIs $50k-75k, 8404.0% for AGIs $75k-100k, 15377.5% for AGIs $100k-200k)

Taxable interest for individuals: $475 (reported on 17.0% of returns)

This zip code:	$475
Indiana:	$1,351

(% of AGI for various income ranges: 23.6% for AGIs below $25k, 14.0% for AGIs $50k-75k, 12.5% for AGIs $100k-200k)

Ordinary dividends: $433 (reported on 6.4% of returns)

Here:	$433
State:	$5,827

(% of AGI for various income ranges: 26.0% for AGIs $50k-75k)

Net capital gain/loss in AGI: +$867 (reported on 6.4% of returns)

Here:	+$867
State:	+$17,730

(% of AGI for various income ranges: 26.0% for AGIs $25k-50k)

Profit/loss from business: +$5,640 (reported on 10.6% of returns)

Here:	+$5,640
State:	+$12,144

(% of AGI for various income ranges: 282.0% for AGIs $25k-50k)

Taxable individual retirement arrangement distribution: $3,650 (reported on 4.3% of returns)

47020:	$3,650
Indiana:	$18,302

(% of AGI for various income ranges: 66.4% for AGIs below $25k)

Earned income credit: $2,144 (reported on 19.1% of returns)

Here:	$2,144
State:	$2,298

(% of AGI for various income ranges: 102.7% for AGIs below $25k, 80.0% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2020 taxes: 97.9%

Here:	98%
State:	94%

(% for various income ranges: 93.8% for AGIs below $25k, 100.0% for AGIs $25k-50k, 100.0% for AGIs $50k-75k, 100.0% for AGIs $75k-100k, 100.0% for AGIs $100k-200k)

Averages for the 2012 tax year for zip code 47020, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $37,609 (Individual Income Tax Returns)

Here:	$37,609
State:	$52,932

Salary/wage: $36,316 (reported on 84.1% of returns)

Here:	$36,316
State:	$45,173

(% of AGI for various income ranges: 76.0% for AGIs below $25k, 78.4% for AGIs $25k-50k, 85.2% for AGIs $50k-75k, 82.0% for AGIs $75k-100k)

Taxable interest for individuals: $291 (reported on 25.0% of returns)

This zip code:	$291
Indiana:	$1,311

(% of AGI for various income ranges: 0.7% for AGIs below $25k, 0.2% for AGIs $25k-50k, 0.1% for AGIs $50k-75k)

Ordinary dividends: $500 (reported on 6.8% of returns)

Here:	$500
State:	$4,690

Net capital gain/loss in AGI: +$25 (reported on 9.1% of returns)

Here:	+$25
State:	+$10,406

Profit/loss from business: +$6,980 (reported on 11.4% of returns)

Here:	+$6,980
State:	+$11,105

(% of AGI for various income ranges: 4.8% for AGIs below $25k, 5.8% for AGIs $25k-50k)

Taxable individual retirement arrangement distribution: $3,633 (reported on 6.8% of returns)

47020:	$3,633
Indiana:	$13,841

Total itemized deductions: $14,500 (22% of AGI, reported on 18.2% of returns)

Here:	$14,500
State:	$20,913

Here:	22.2% of AGI
State:	18.2% of AGI

(% of AGI for various income ranges: 11.8% for AGIs below $25k, 7.5% for AGIs $50k-75k, 10.0% for AGIs $75k-100k)

Charity contributions: $2,733 (reported on 6.8% of returns)

Here:	$2,733
State:	$4,697

Taxes paid: $3,925 (reported on 18.2% of returns)

47020:	$3,925
State:	$7,456

(% of AGI for various income ranges: 2.4% for AGIs below $25k, 1.9% for AGIs $50k-75k, 3.2% for AGIs $75k-100k)

Earned income credit: $2,800 (reported on 18.2% of returns)

Here:	$2,800
State:	$2,265

(% of AGI for various income ranges: 7.6% for AGIs below $25k, 1.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 70.5%

Here:	70%
State:	53%

(% for various income ranges: 66.7% for AGIs below $25k, 75.0% for AGIs $25k-50k, 75.0% for AGIs $50k-75k, 66.7% for AGIs $75k-100k)

Averages for the 2004 tax year for zip code 47020, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $34,843 (Individual Income Tax Returns)

Here:	$34,843
State:	$44,790

Salary/wage: $33,430 (reported on 84.0% of returns)

Here:	$33,430
State:	$39,615

(% of AGI for various income ranges: 118.4% for AGIs below $10k, 75.5% for AGIs $10k-25k, 86.5% for AGIs $25k-50k, 84.3% for AGIs $50k-75k, 81.3% for AGIs $75k-100k, 51.3% for AGIs over 100k)

Taxable interest for individuals: $500 (reported on 33.3% of returns)

This zip code:	$500
Indiana:	$1,535

(% of AGI for various income ranges: 3.1% for AGIs below $10k, 1.6% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.4% for AGIs $75k-100k)

Taxable dividends: $595 (reported on 9.9% of returns)

Here:	$595
State:	$2,998

Net capital gain/loss: +$2,743 (reported on 8.2% of returns)

Here:	+$2,743
State:	+$8,619

Profit/loss from business: +$1,114 (reported on 10.3% of returns)

Here:	+$1,114
State:	+$10,071

Total itemized deductions: $12,883 (21% of AGI, reported on 22.1% of returns)

Here:	$12,883
State:	$17,065

Here:	21.2% of AGI
State:	19.5% of AGI

(% of AGI for various income ranges: 35.8% for AGIs below $10k, 6.2% for AGIs $25k-50k, 8.4% for AGIs $50k-75k, 19.9% for AGIs $75k-100k)

Charity contributions deductions: $1,368 (2% of AGI, reported on 16.0% of returns)

Here:	$1,368
State:	$3,550

Here:	2.1% of AGI
State:	3.8% of AGI

Total tax: $3,793 (reported on 77.2% of returns)

47020:	$3,793
State:	$6,914

(% of AGI for various income ranges: 4.2% for AGIs below $10k, 3.8% for AGIs $10k-25k, 6.8% for AGIs $25k-50k, 9.0% for AGIs $50k-75k, 10.4% for AGIs $75k-100k, 16.1% for AGIs over 100k)

Earned income credit: $1,539 (reported on 17.8% of returns)

Here:	$1,539
State:	$1,685

Percentage of individuals using paid preparers for their 2004 taxes: 73.5%

Here:	73%
State:	59%

(% for various income ranges: 68.8% for AGIs below $10k, 67.8% for AGIs $10k-25k, 76.9% for AGIs $25k-50k, 85.2% for AGIs $50k-75k, 96.6% for AGIs $75k-100k)

Nearest zip codes: 47038, 47040, 41086, 41045, 41083, 41046.
Florence Zip Code Map

No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 47
Household did not receive Food Stamps/SNAP in the past 12 months: 401

Women who did not have a birth in the past 12 months: 280 (178 now married, 102 unmarried)

Housing units in zip code 47020 with a mortgage: 204 (9 second mortgage)
Median monthly owner costs for units with a mortgage: $1,175
Median monthly owner costs for units without a mortgage: $490

Residents with income below the poverty level in 2022:
Residents with income below 50% of the poverty level in 2022:

• Zip code 47020 household income distribution in 2022

• 42Less than $10,000
• 16$10,000 to $14,999
• 6$15,000 to $19,999
• 9$25,000 to $29,999
• 6$30,000 to $34,999
• 67$40,000 to $44,999
• 6$45,000 to $49,999
• 65$50,000 to $59,999
• 101$60,000 to $74,999
• 22$75,000 to $99,999
• 62$100,000 to $124,999
• 4$125,000 to $149,999
• 22$150,000 to $199,999
• 22$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 47020

• 39$20,000 to $24,999
• 4$50,000 to $59,999
• 22$60,000 to $69,999
• 9$70,000 to $79,999
• 5$80,000 to $89,999
• 31$90,000 to $99,999
• 34$100,000 to $124,999
• 27$125,000 to $149,999
• 16$150,000 to $174,999
• 22$175,000 to $199,999
• 13$200,000 to $249,999
• 26$250,000 to $299,999
• 16$500,000 to $749,999
• 27$750,000 to $999,999
• 12$1,000,000 to $1,499,999
• 7$1,500,000 to $1,999,999

• Rent paid by renters in 2022 in zip code 47020

• 6$650 to $699
• 23$800 to $899
• 77No cash rent

Estimated median house (or condo) value in 2022 for:

• White Non-Hispanic householders: $141,403

Estimated median house or condo value in 2022: $140,270

Mean price in 2022:

Detached houses: $295,185

Here:	$295,185
State:	$257,916

Mobile homes: $115,820

Here:	$115,820
State:	$67,116

Housing units in structures:

• One, detached: 316
• Mobile homes: 172

• Means of transportation to work in zip code 47020

• 86.0%560Drove a car alone
• 10.3%67Carpooled
• 0.8%5Other means

• Travel time to work (commute) in zip code 47020

• 39Less than 5 minutes
• 715 to 9 minutes
• 4710 to 14 minutes
• 4115 to 19 minutes
• 8920 to 24 minutes
• 1325 to 29 minutes
• 3630 to 34 minutes
• 3635 to 39 minutes
• 1540 to 44 minutes
• 2145 to 59 minutes
• 17660 to 89 minutes
• 4290 or more minutes

Percentage of zip code residents living and working in this county: 42.9%

Household type by relationship:

Households: 1,296

• Male householders: 293 (108 living alone), Female householders: 155 (33 living alone)

• 192 spouses (192 opposite-sex spouses), 12 unmarried partners, (12 opposite-sex unmarried partners), 483 children (407 natural, 40 adopted, 37 stepchildren), 0 grandchildren, 10 brothers or sisters, 31 parents, 0 foster children, 51 other relatives, 59 non-relatives

Size of family households: 81 2-persons, 76 3-persons, 75 4-persons, 55 5-persons, 12 7-or-more-persons

Size of nonfamily households: 140 1-person, 6 2-persons

156 married couples with children.
178 single-parent households (117 men, 61 women).

97.5% of residents of 47020 zip code speak English at home.
0.5% of residents speak Spanish at home (100% very well).
1.4% of residents speak other language at home (100% not well).

Facilities with environmental interests located in this zip code:

• CINERGY PSI MARKLAND STATION (560 SR 156 in FLORENCE, IN)

  STATE MASTER (Indiana facility tracking)
  National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit
  Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification
  Business SIC classification: ELECTRIC SERVICES
  Organizations: CERTIFIED OPERATOR (CONTACT/OPERATOR) , CINERGY CORP PSI ENERGY INC (CONTACT/OWNER) , PSI ENERGY INC (CONTACT/OWNER)
  Alternative names: PSI ENERGY, INC., PSI MARKLAND GEN STA, PSI MARKLAND HYDROELECTRIC STA

Housing units lacking complete plumbing facilities: 3.0%

Population in 1990: 1,019. Population change in the 1990s: +18 (+1.8%).

Place of birth for U.S.-born residents:

• This state: 625
• Northeast: 5
• Midwest: 356
• South: 195
• West: 71

62% of the 47020 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 36% lived in this county.
   Out of people who lived in different counties, 50% lived in Indiana.

96% of the 47020 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 69% moved from this county.
   Out of people who lived in different houses, 36% moved from different county within same state.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school):
Students in private schools in grades 9 to 12 (high school): 8 Students in private undergraduate colleges:

Top industries in this zip code by the number of employees in 2005:

• Accommodation and Food Services: Casino Hotels (over 1000 employees: 1 establishment)
• Accommodation and Food Services: Full-Service Restaurants (20-49: 1)
• Accommodation and Food Services: Hotels (except Casino Hotels) and Motels (10-19: 1, 5-9: 1)
• Construction: New Single-Family Housing Construction (except Operative Builders) (5-9: 1, 1-4: 1)
• Utilities: Hydroelectric Power Generation (1-4: 1)
• Accommodation and Food Services: RV (Recreational Vehicle) Parks and Campgrounds (1-4: 1)
• Arts, Entertainment, and Recreation: Marinas (1-4: 1)

Most common first names in zip code 47020 among deceased individuals
Name	Count	Lived (average)
Mary	9	75.5 years
Robert	8	68.6 years
Raymond	7	75.0 years
James	6	73.0 years
Walter	4	67.5 years
Clarence	3	79.0 years
Frank	3	75.7 years
John	3	59.3 years
Russell	3	67.0 years
Stanley	3	75.0 years

Most common last names in zip code 47020 among deceased individuals
Last name	Count	Lived (average)
Scudder	8	75.5 years
Scott	6	74.9 years
Mcclellan	5	75.6 years
Chase	5	71.6 years
Patterson	5	80.0 years
Brown	4	70.8 years
Armstrong	4	66.3 years
Baatz	4	70.0 years
Jones	4	78.0 years
Thomas	4	68.3 years

Businesses in zip code 47020

• Ben & Jerry's: 1
• Circle K: 1
• Starbucks: 1