Mays Lick, KY Profile: Facts & Data

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Mays Lick, Kentucky - Basic Facts

The Mays Lick Census Designated Place had a population of 228 as of July 1, 2020. Mays Lick ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Mays Lick is located at latitude 38.5176 and longitude -83.8419 in Mason County. The formal boundaries for the Mays Lick Census Designated Place encompass a land area of 0.64 sq. miles and a water area of 0 sq. miles. Mason County is in the Eastern time zone (GMT -5). The elevation is 883 feet.

The Mays Lick Census Designated Place (GNIS ID: 2629649) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Mays Lick Census Designated Place is located within Mays Lick Division of Mason County.

Alternate Unofficial Names for Mays Lick: Mays Spring, New Jersey Colony, William Mays Settlement.

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

POPULATION

Total Population 228 (100%)
Population in Households 228 (100.0%)
Population in Families 196 (86.0%)
Population in Group Quarters1 0
Population Density 357
Diversity Index2 19
 
 

INCOME

Median Household Income $63,689
Average Household Income $84,012
% of Income for Mortgage4 10%
Per Capita Income $31,153
Wealth Index5 88
 

HOUSING

Total HU (Housing Units) 121 (100%)
Owner Occupied HU 75 (62.0%)
Renter Occupied HU 26 (21.5%)
Vacant Housing Units 21 (17.4%)
Median Home Value $153,571
Average Home Value $203,716
Housing Affordability Index3 271
 

HOUSEHOLDS

Total Households 100
Average Household Size 2.28
Family Households 74
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 -0.58% -0.53%
Households -0.57% -0.61%
Families 0.54% -0.55%
Median Household Income   3.32%
Per Capita Income   2.47%
Owner Occupied HU   -0.81%

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Mays Lick, KY - Peer Comparisons by Rank and Percentile

The table below compares Mays 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 # 464 14th
Population Density # 434 20th
Median Household Income # 130 76th
Housing Affordability Index # 414 77th
Per Capita Income # 136 75th
Diversity Index # 235 57th

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

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