Grayson, KY Profile: Facts & Data

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Grayson, Kentucky - Basic Facts

The City of Grayson had a population of 4,138 as of July 1, 2020.

The primary coordinate point for Grayson is located at latitude 38.3326 and longitude -82.9485 in Carter County. The formal boundaries for the City of Grayson encompass a land area of 2.89 sq. miles and a water area of 0.06 sq. miles. Carter County is in the Eastern time zone (GMT -5). The elevation is 633 feet.

The City of Grayson (GNIS ID: 2403732) 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 Grayson is located within Grayson Division of Carter County.


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

POPULATION

Total Population 4,138 (100%)
Population in Households 3,706 (89.6%)
Population in Families 2,996 (72.4%)
Population in Group Quarters1 432 (10.4%)
Population Density 1,495
Diversity Index2 16
 
 

INCOME

Median Household Income $36,476
Average Household Income $49,902
% of Income for Mortgage4 18%
Per Capita Income $19,010
Wealth Index5 37
 

HOUSING

Total HU (Housing Units) 1,799 (100%)
Owner Occupied HU 954 (53.0%)
Renter Occupied HU 594 (33.0%)
Vacant Housing Units 251 (14.0%)
Median Home Value $152,778
Average Home Value $180,305
Housing Affordability Index3 153
 

HOUSEHOLDS

Total Households 1,548
Average Household Size 2.39
Family Households 1,005
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 -0.14% -0.36%
Households -0.08% -0.4%
Families 0.62% -0.5%
Median Household Income   1.95%
Per Capita Income   2.26%
Owner Occupied HU   -0.23%

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Grayson, KY - Peer Comparisons by Rank and Percentile

The table below compares Grayson 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 # 103 81st
Population Density # 153 72nd
Median Household Income # 409 25th
Housing Affordability Index # 64 12th
Per Capita Income # 442 18th
Diversity Index # 281 48th

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

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