Salvisa, KY Profile: Facts & Data

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Salvisa, Kentucky - Basic Facts

The Salvisa Census Designated Place had a population of 442 as of July 1, 2020. Salvisa 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 Salvisa is located at latitude 37.9167 and longitude -84.8577 in Mercer County. The formal boundaries for the Salvisa Census Designated Place encompass a land area of 1.84 sq. miles and a water area of 0.01 sq. miles. Mercer County is in the Eastern time zone (GMT -5). The elevation is 807 feet.

The Salvisa Census Designated Place (GNIS ID: 2629677) 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 Salvisa Census Designated Place is located within Salvisa-McAfee Division of Mercer County.


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

POPULATION

Total Population 442 (100%)
Population in Households 442 (100.0%)
Population in Families 370 (83.7%)
Population in Group Quarters1 0
Population Density 240
Diversity Index2 6
 
 

INCOME

Median Household Income $58,185
Average Household Income $76,134
% of Income for Mortgage4 15%
Per Capita Income $32,037
Wealth Index5 83
 

HOUSING

Total HU (Housing Units) 204 (100%)
Owner Occupied HU 154 (75.5%)
Renter Occupied HU 36 (17.6%)
Vacant Housing Units 14 ( 6.9%)
Median Home Value $209,167
Average Home Value $212,742
Housing Affordability Index3 174
 

HOUSEHOLDS

Total Households 190
Average Household Size 2.33
Family Households 133
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 0.5% 0.45%
Households 0.64% 0.52%
Families 1.26% 0.3%
Median Household Income   0.65%
Per Capita Income   2.2%
Owner Occupied HU   0.39%

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Salvisa, KY - Peer Comparisons by Rank and Percentile

The table below compares Salvisa 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 # 366 33rd
Population Density # 483 11th
Median Household Income # 158 71st
Housing Affordability Index # 99 18th
Per Capita Income # 131 76th
Diversity Index # 486 10th

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

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