ZIP Code 47138

In ZIP code 47138, which takes in Canaan, households earn a median of $86,335 a year, while per-capita income sits at $34,972. That gap hints at a mix of larger and smaller earners across the area. Home values center on $201,800, and the county's 0.64% effective property tax rate works out to roughly $1,290 a year on a house at that price — a fairly gentle claim against an $86,000 income. Sales taxes run 7.00% on purchases, so everyday spending carries a bit more weight than the property tax side of the ledger.