Rural Retreat, VA Profile: Facts & Data

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Rural Retreat, Virginia - Basic Facts

The Town of Rural Retreat had a population of 1,538 as of July 1, 2023. Rural Retreat ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.

The primary coordinate point for Rural Retreat is located at latitude 36.8937 and longitude -81.2759 in Wythe County. The formal boundaries for the Town of Rural Retreat encompass a land area of 2.28 sq. miles and a water area of 0 sq. miles. Wythe County is in the Eastern time zone (GMT -5).

The Town of Rural Retreat has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Rural Retreat 2023 Demographic Data
  2. Growth Rates for Rural Retreat (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Virginia Research Tools (Easy Tools & Current Data)
  3. Virginia Data Comparison Tool - 2023 Demographics
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Rural Retreat, VA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,538 (100%)
Population in Households 1,538 (100.0%)
Population in Families 1,293 (84.1%)
Population in Group Quarters1 0
Population Density 676
Diversity Index2 15
 
 

INCOME

Median Household Income $60,265
Average Household Income $72,398
% of Income for Mortgage4 13%
Per Capita Income $29,421
Wealth Index5 52
Socioeconomic Status Index6 Moderate (51.1)
 

HOUSING

Total HU (Housing Units) 705 (100%)
Owner Occupied HU 486 (68.9%)
Renter Occupied HU 139 (19.7%)
Vacant Housing Units 80 (11.3%)
Median Home Value $126,452
Average Home Value $150,617
Housing Affordability Index3 204
 

HOUSEHOLDS

Total Households 625
Average Household Size 2.46
Family Households 441
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.16% -0.38%
Households -0.05% -0.10%
Families   -0.46%
Median Household Income   3.22%
Per Capita Income   2.80%
Owner Occupied HU   0.41%

Rural Retreat, VA - Peer Comparisons by Rank and Percentile

The table below compares Rural Retreat to the other 672 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 311 54th
Population Density # 330 51st
Median Household Income # 348 48th
Housing Affordability Index # 656 98th
Per Capita Income # 463 31st
Diversity Index # 601 11th

Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.

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