The Town of Independence had a population of 911 as of July 1, 2019.
The primary coordinate point for Independence is located at latitude 36.6223 and longitude -81.1509 in Grayson County. The formal boundaries for the Town of Independence encompass a land area of 2.34 sq. miles and a water area of 0 sq. miles. Grayson County is in the Eastern time zone (GMT -5). The elevation is 2,680 feet.
The Town of Independence (GNIS ID: 2391239) 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.
HOUSING AFFORDABILITY INDEX
|Independence, VA Housing Affordability Index is 194
State of Virginia Housing Affordability Index is 126
|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.|
|Independence, VA Wealth Index is 37
State of Virginia Wealth Index is 124
|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.|
These new demographic attributes are availiable for cities, Counties / Independent Cities, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Virginia address.
|Population in Households||714|
|Population in Familes||555|
|Population in Group Qrtrs||197|
|Median Household Income||$37,003|
|Average Household Income||$46,261|
|Per Capita Income||$20,171|
|Total Housing Units||532 (100%)|
|Owner Occupied HU||266 (50.0%)|
|Renter Occupied HU||159 (29.9%)|
|Vacant Housing Units||108 (20.3%)|
|Median Home Value||$104,762|
|Housing Affordability Index2||194|
|Average Household Size||1.68|
|Average Family Size||2|
GROWTH RATE / YEAR
|Median Household Income||2.2%|
|Per Capita Income||2.61%|
The table below compares Independence to the other 593 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2019 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.
|Total Population||# 382||36th|
|Population Density||# 401||33rd|
|Diversity Index||# 324||45th|
|Median Household Income||# 524||12th|
|Per Capita Income||# 531||11th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.