Craig County VA Data & Peer Group Rankings

Craig County VA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	5,282 (100%)
Population in Households	5,273 (99.8%)
Population in Families	4,340 (82.2%)
Population in Group Quarters¹	9 ( 0.2%)
Population Density	16
Diversity Index²	6


INCOME
Median Household Income	$46,177
Average Household Income	$58,308
% of Income for Mortgage⁴	16%
Per Capita Income	$24,641
Wealth Index⁵	47

HOUSING
Total HU (Housing Units)	2,970 (100%)
Owner Occupied HU	1,543 (52.0%)
Renter Occupied HU	689 (23.2%)
Vacant Housing Units	738 (24.8%)
Median Home Value	$172,187
Average Home Value	$226,474
Housing Affordability Index³	159

HOUSEHOLDS
Total Households	2,232
Average Household Size	2.36
Family Households	1,516
Average Family Size	3

NOTES

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.
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.
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.
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).
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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.17%	-0.15%
Households	0.22%	-0.13%
Families	0.08%	-0.24%
Median Household Income		1.1%
Per Capita Income		1.43%
Owner Occupied HU		-0.08%

Craig County VA - Peer Comparisons by Rank and Percentile

The table below compares Craig County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2020 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	# 130	3rd
Population Density	# 131	2nd
Median Household Income	# 89	34th
Housing Affordability Index	# 66	50th
Per Capita Income	# 92	32nd
Diversity Index	# 132	2nd

Variable Description

Rank

Percentile

Total Population

# 130

3rd

Population Density

# 131

2nd

Median Household Income

# 89

34th

Housing Affordability Index

# 66

50th

Per Capita Income

# 92

32nd

Diversity Index

# 132

2nd

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Craig County VA Information

Craig County VA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Craig County VA - Peer Comparisons by Rank and Percentile

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