Park City, KY Profile: Facts & Data

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Park City, Kentucky - Basic Facts

The City of Park City had a population of 611 as of July 1, 2023.

The primary coordinate point for Park City is located at latitude 37.0939 and longitude -86.0464 in Barren County. The formal boundaries for the City of Park City encompass a land area of 1.47 sq. miles and a water area of 0 sq. miles. Barren County is in the Central time zone (GMT -6).

The City of Park City 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.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Park City is located within Cave City Division of Barren County.


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

POPULATION

Total Population 611 (100%)
Population in Households 611 (100.0%)
Population in Families 415 (67.9%)
Population in Group Quarters1 0
Population Density 416
Diversity Index2 30
 
 

INCOME

Median Household Income $39,565
Average Household Income $52,857
% of Income for Mortgage4 20%
Per Capita Income $23,271
Wealth Index5 32
Socioeconomic Status Index6 Low (44.5)
 

HOUSING

Total HU (Housing Units) 295 (100%)
Owner Occupied HU 115 (39.0%)
Renter Occupied HU 154 (52.2%)
Vacant Housing Units 26 ( 8.8%)
Median Home Value $129,878
Average Home Value $193,913
Housing Affordability Index3 127
 

HOUSEHOLDS

Total Households 269
Average Household Size 2.27
Family Households 130
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 -0.15% 0.55%
Households 1.41% 0.73%
Families   0.61%
Median Household Income   0.17%
Per Capita Income   2.08%
Owner Occupied HU   1.68%

Park City, KY - Peer Comparisons by Rank and Percentile

The table below compares Park City to the other 555 incorporated cities, towns and CDPs in Kentucky 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 # 323 42nd
Population Density # 404 27th
Median Household Income # 442 21st
Housing Affordability Index # 236 43rd
Per Capita Income # 440 21st
Diversity Index # 154 72nd

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

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