ZIP Code 47243

ZIP code 47243, centered on Canaan, sits in middle-income territory, with a median household income of $65,197 and per-capita income of $28,438. Homes here carry a median value of $183,900, and the county-level property tax rate of 0.64% means annual taxes on such a home run below what many Indiana communities charge. Add a combined sales tax of 7.00%, and the overall tax picture stays restrained. Households earning around the median can cover daily purchases and property taxes without the strain felt in higher-tax areas, though incomes here trail the state's more affluent suburbs.