Salt Lick, KY Profile: Facts & Data

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Salt Lick, Kentucky - Basic Facts

The City of Salt Lick had a population of 305 as of July 1, 2020. Salt Lick 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 Salt Lick is located at latitude 38.1201 and longitude -83.6146 in Bath County. The formal boundaries for the City of Salt Lick encompass a land area of 0.78 sq. miles and a water area of 0.01 sq. miles. Bath County is in the Eastern time zone (GMT -5). The elevation is 676 feet.

The City of Salt Lick (GNIS ID: 2405408) 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 Salt Lick is located within Salt Lick Division of Bath County.


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Salt Lick, KY Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 305 (100%)
Population in Households 305 (100.0%)
Population in Families 247 (81.0%)
Population in Group Quarters1 0
Population Density 390
Diversity Index2 5
 
 

INCOME

Median Household Income $31,707
Average Household Income $42,403
% of Income for Mortgage4 10%
Per Capita Income $17,010
Wealth Index5 35
 

HOUSING

Total HU (Housing Units) 158 (100%)
Owner Occupied HU 87 (55.1%)
Renter Occupied HU 37 (23.4%)
Vacant Housing Units 34 (21.5%)
Median Home Value $77,778
Average Home Value $99,709
Housing Affordability Index3 267
 

HOUSEHOLDS

Total Households 124
Average Household Size 2.46
Family Households 83
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 0.06% 0.07%
Households 0.0% -0.16%
Families 0.36% -0.24%
Median Household Income   1.6%
Per Capita Income   1.75%
Owner Occupied HU   -0.23%

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Salt Lick, KY - Peer Comparisons by Rank and Percentile

The table below compares Salt Lick 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 # 422 22nd
Population Density # 420 23rd
Median Household Income # 463 15th
Housing Affordability Index # 408 75th
Per Capita Income # 487 10th
Diversity Index # 513 5th

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

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