Elkhorn City, KY Profile: Facts & Data

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Elkhorn City, Kentucky - Basic Facts

The City of Elkhorn City had a population of 1,007 as of July 1, 2023. Elkhorn City ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Elkhorn City is located at latitude 37.304 and longitude -82.351 in Pike County. The formal boundaries for the City of Elkhorn City encompass a land area of 6.76 sq. miles and a water area of 0 sq. miles. Pike County is in the Eastern time zone (GMT -5).

The City of Elkhorn 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 Elkhorn City is located within Elkhorn City Division of Pike County.


Jump to... (On This Page!)
  1. Elkhorn City 2023 Demographic Data
  2. Growth Rates for Elkhorn 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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Elkhorn City, KY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,007 (100%)
Population in Households 927 (92.1%)
Population in Families 729 (72.4%)
Population in Group Quarters1 80 ( 7.9%)
Population Density 129
Diversity Index2 5
 
 

INCOME

Median Household Income $30,309
Average Household Income $52,395
% of Income for Mortgage4 21%
Per Capita Income $23,035
Wealth Index5 35
Socioeconomic Status Index6 Low (37.4)
 

HOUSING

Total HU (Housing Units) 521 (100%)
Owner Occupied HU 297 (57.0%)
Renter Occupied HU 143 (27.4%)
Vacant Housing Units 81 (15.5%)
Median Home Value $107,278
Average Home Value $128,114
Housing Affordability Index3 116
 

HOUSEHOLDS

Total Households 440
Average Household Size 2.11
Family Households 265
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 -0.84% -0.75%
Households -0.96% -0.51%
Families   -0.77%
Median Household Income   1.77%
Per Capita Income   3.00%
Owner Occupied HU   -0.41%

Elkhorn City, KY - Peer Comparisons by Rank and Percentile

The table below compares Elkhorn 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 # 233 58th
Population Density # 539 3rd
Median Household Income # 522 6th
Housing Affordability Index # 164 30th
Per Capita Income # 443 20th
Diversity Index # 541 3rd

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

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