Corbin, KY Profile: Facts & Data

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Corbin, Kentucky - Basic Facts

The City of Corbin had a population of 7,867 as of July 1, 2023.

The primary coordinate point for Corbin is located at latitude 36.9487 and longitude -84.0969 in Whitley County. The formal boundaries for the City of Corbin encompass a land area of 7.89 sq. miles and a water area of 0.04 sq. miles. Whitley County is in the Eastern time zone (GMT -5).

While the primary coordinates for City of Corbin are located in Whitley County, it should be noted that the formal boundaries for this community also extend into and Knox County.

The City of Corbin 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 Corbin is located within Corbin Division of Whitley County.


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

POPULATION

Total Population 7,867 (100%)
Population in Households 7,482 (95.1%)
Population in Families 5,880 (74.7%)
Population in Group Quarters1 385 ( 4.9%)
Population Density 990
Diversity Index2 19
 
 

INCOME

Median Household Income $45,306
Average Household Income $67,826
% of Income for Mortgage4 21%
Per Capita Income $27,754
Wealth Index5 53
Socioeconomic Status Index6 Moderate (46.8)
 

HOUSING

Total HU (Housing Units) 3,754 (100%)
Owner Occupied HU 1,935 (51.5%)
Renter Occupied HU 1,273 (33.9%)
Vacant Housing Units 546 (14.5%)
Median Home Value $159,123
Average Home Value $194,574
Housing Affordability Index3 116
 

HOUSEHOLDS

Total Households 3,208
Average Household Size 2.33
Family Households 1,966
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 0.04% -0.04%
Households 0.03% 0.06%
Families   0.00%
Median Household Income   3.37%
Per Capita Income   3.24%
Owner Occupied HU   0.11%

Corbin, KY - Peer Comparisons by Rank and Percentile

The table below compares Corbin 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 # 60 89th
Population Density # 239 57th
Median Household Income # 387 30th
Housing Affordability Index # 166 30th
Per Capita Income # 333 40th
Diversity Index # 322 42nd

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

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