Cave City, KY Profile: Facts & Data

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Cave City, Kentucky - Basic Facts

The City of Cave City had a population of 2,404 as of July 1, 2020.

The primary coordinate point for Cave City is located at latitude 37.1367 and longitude -85.9569 in Barren County. The formal boundaries for the City of Cave City encompass a land area of 4.38 sq. miles and a water area of 0.02 sq. miles. Barren County is in the Central time zone (GMT -6). The elevation is 633 feet.

The City of Cave City (GNIS ID: 2404008) 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 Cave City is located within Cave City Division of Barren County.


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Cave City, KY Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,404 (100%)
Population in Households 2,397 (99.7%)
Population in Families 1,909 (79.4%)
Population in Group Quarters1 7 ( 0.3%)
Population Density 545
Diversity Index2 24
 
 

INCOME

Median Household Income $39,845
Average Household Income $54,432
% of Income for Mortgage4 12%
Per Capita Income $22,803
Wealth Index5 44
 

HOUSING

Total HU (Housing Units) 1,207 (100%)
Owner Occupied HU 614 (50.9%)
Renter Occupied HU 447 (37.0%)
Vacant Housing Units 145 (12.0%)
Median Home Value $117,935
Average Home Value $191,938
Housing Affordability Index3 204
 

HOUSEHOLDS

Total Households 1,062
Average Household Size 2.26
Family Households 693
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.69% 0.71%
Households 0.62% 0.67%
Families 1.22% 0.57%
Median Household Income   1.97%
Per Capita Income   2.26%
Owner Occupied HU   0.86%

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Cave City, KY - Peer Comparisons by Rank and Percentile

The table below compares Cave City to the other 541 incorporated cities, towns and CDPs in Kentucky 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 # 145 73rd
Population Density # 373 31st
Median Household Income # 349 36th
Housing Affordability Index # 198 37th
Per Capita Income # 310 43rd
Diversity Index # 158 71st

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

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