Wayland, KY Profile: Facts & Data

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Wayland, Kentucky - Basic Facts

The City of Wayland had a population of 368 as of July 1, 2023. Wayland 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 Wayland is located at latitude 37.4451 and longitude -82.8052 in Floyd County. The formal boundaries for the City of Wayland encompass a land area of 2.62 sq. miles and a water area of 0 sq. miles. Floyd County is in the Eastern time zone (GMT -5).

The City of Wayland 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 Wayland is located within Wayland Division of Floyd County.


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

POPULATION

Total Population 368 (100%)
Population in Households 356 (96.7%)
Population in Families 265 (72.0%)
Population in Group Quarters1 12 ( 3.3%)
Population Density 136
Diversity Index2 10
 
 

INCOME

Median Household Income $29,485
Average Household Income $54,146
% of Income for Mortgage4 15%
Per Capita Income $23,021
Wealth Index5 36
Socioeconomic Status Index6 Low (35.2)
 

HOUSING

Total HU (Housing Units) 177 (100%)
Owner Occupied HU 97 (54.8%)
Renter Occupied HU 59 (33.3%)
Vacant Housing Units 21 (11.9%)
Median Home Value $75,781
Average Home Value $87,887
Housing Affordability Index3 167
 

HOUSEHOLDS

Total Households 156
Average Household Size 2.28
Family Households 90
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 -1.69% -0.72%
Households 1.01% -0.39%
Families   -0.45%
Median Household Income   16.80%
Per Capita Income   4.33%
Owner Occupied HU   0.41%

Wayland, KY - Peer Comparisons by Rank and Percentile

The table below compares Wayland 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 # 392 30th
Population Density # 536 4th
Median Household Income # 526 5th
Housing Affordability Index # 423 76th
Per Capita Income # 444 20th
Diversity Index # 477 14th

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

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