| ZIP Code | 46406 |
|---|---|
| City | Gary |
| State | Indiana (IN) |
| County | Lake County |
| Area Code | 219 |
| Elevation | 592 ft |
| Latitude | 41.606134 |
|---|---|
| Longitude | -87.408651 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18089 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.4 yrs ↓ 8% since 2019 |
|---|---|
| Avg Household Size | 2.58 |
| Below Poverty | 34.5% ▲ 245% above avg |
| College Grads | 20.2% ▼ 48% below avg |
| Unemployment | 11.4% ▲ 133% above avg |
| No HS Diploma | 150 (3.4%) |
| HS Graduate | 2,001 (45.6%) |
| Some College | 601 (13.7%) |
| Associates | 747 (17%) |
| Bachelors | 506 (11.5%) |
| Graduate Degree | 380 (8.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $35,631 ▼ 53% below avg ↑ 15% since 2019 |
|---|---|
| Median Home Value | $86,300 ▼ 69% below avg ↑ 63% since 2019 |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $972/mo ↑ 20% since 2019 |
| Total Units | 3,938 |
| Vacant Units | 635 |
| Avg HH Size | 2.58 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,938 |
|---|---|
| Vacant | 635 |
| Owner Occupied | 46.9% |
| Renter Occupied | 53.1% |
| Avg HH Size | 2.58 |
ZIP code 46406 is located in Gary, Indiana, within Lake County. With a population of 8,513, this is a lightly populated ZIP code with a relatively young community — the median age is 32.4 years. Economically, 46406 is a lower-income ZIP code: the median household income of $35,631 is well below the national average.
Real estate in ZIP code 46406 represents one of the more affordable housing markets in the country. The median home value of $86,300 is well below the national average. Renters can expect to pay around $972 per month in median rent. The area has a relatively balanced mix of owners (46.9%) and renters (53.1%). Median home values have increased by 63% since 2019.
The population of 46406 is majority Black (62.53%). Residents are less-educated — 20.2% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 34.5%. Household income has grown by 15% since 2019.
The unemployment rate in 46406 stands at 11.4%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 75%.
Overall, ZIP code 46406 in Gary, IN is characterized as lower-income, less-educated, and a relatively young community. With 8,513 residents, a median household income of $35,631, and a median home value of $86,300, it offers a clear picture of life in this part of Indiana.