Norton (city) County VA Data & Peer Group Rankings

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

POPULATION
Total Population	4,066 (100%)
Population in Households	3,998 (98.3%)
Population in Families	2,963 (72.9%)
Population in Group Quarters¹	68 ( 1.7%)
Population Density	544
Diversity Index²	27


INCOME
Median Household Income	$34,529
Average Household Income	$49,254
% of Income for Mortgage⁴	11%
Per Capita Income	$21,759
Wealth Index⁵	40

HOUSING
Total HU (Housing Units)	1,945 (100%)
Owner Occupied HU	809 (41.6%)
Renter Occupied HU	985 (50.6%)
Vacant Housing Units	151 ( 7.8%)
Median Home Value	$92,913
Average Home Value	$127,596
Housing Affordability Index³	212

HOUSEHOLDS
Total Households	1,794
Average Household Size	2.23
Family Households	1,004
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	0.26%	-0.06%
Households	0.24%	-0.08%
Families	0.05%	-0.2%
Median Household Income		0.97%
Per Capita Income		1.44%
Owner Occupied HU		0.02%

Norton (city) County VA - Peer Comparisons by Rank and Percentile

The table below compares Norton (city) 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	# 132	2nd
Population Density	# 46	66th
Median Household Income	# 126	6th
Housing Affordability Index	# 115	86th
Per Capita Income	# 113	16th
Diversity Index	# 104	23rd

Variable Description

Rank

Percentile

Total Population

# 132

2nd

Population Density

# 46

66th

Median Household Income

# 126

6th

Housing Affordability Index

# 115

86th

Per Capita Income

# 113

16th

Diversity Index

# 104

23rd

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Norton (city) County VA Information

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Norton (city) County VA - Peer Comparisons by Rank and Percentile

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