Price Creek Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Price Creek, North Carolina? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Price Creek, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Price Creek is $48,390.00.

The chart below shows the average household income by age in Price Creek.

  • Under 25
    $0.00
  • 25 to 44
    $51,250.00
  • 45 to 64
    $42,639.00
  • 65 and over
    $41,574.00

Average Household Income

A very commonly asked question is "what is the average household income in Price Creek, North Carolina?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Price Creek is $64,644.00.

1.65% of households in Price Creek, North Carolina are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Price Creek but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Price Creek

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Price Creek, North Carolina easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    19.22%
  • $25,000 to $49,999
    36.49%
  • $50,000 to $74,999
    21.77%
  • $75,000 to $99,999
    10.06%
  • $100,000 to $149,999
    4.95%
  • $150,000 to $199,999
    5.86%
  • $200,000 or more
    1.65%

Per Capita Income

The per capita income is the average income of all people in Price Creek, North Carolina. This is calculated by dividing the total income of all people in Price Creek by the total number of people in Price Creek.

It differs from the average or mean household income because it includes all people in Price Creek and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Price Creek, North Carolina is $25,901.00.

Population in Price Creek by Race and Ethnicity

The total population in Price Creek is currently 1,785 people.

The race and ethnicity of the population in Price Creek can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Price Creek, North Carolina.

  • 0.00% White
    0
  • 94.30% Black/African American
    1,683
  • 94.00% Native
    1,678
  • 5.70% Hispanic
    102
  • 0.00% Asian
    0
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.30% Other
    5

Population of Price Creek by Age and Gender

Another very important demographics statistic for Price Creek, North Carolina is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 158 75
10 to 19 Years 116 111
20 to 29 Years 102 68
30 to 39 Years 165 137
40 to 49 Years 85 60
50 to 59 Years 84 76
60 to 69 Years 99 144
70 Years and over 132 173

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Price Creek, North Carolina.

  • Master's degree or higher
    2.60%
  • Bachelor's degree
    31.40%
  • Some college or associate's degree
    10.42%
  • High school diploma or equivalent
    50.65%
  • Less than high school diploma
    4.92%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Price Creek because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Price Creek look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Price Creek, North Carolina that are over the age of 16.

The current population in Price Creek that are over the age of 16 is 1,492 people.

The unemployment rate in Price Creek is 8.50%, which means 78 people are unemployed.

Median Age in Price Creek

The median age is an interesting metric because it gives us an idea of the age distribution of people in Price Creek, North Carolina. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Price Creek is 38.6 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Price Creek

38.6

Total

33.1

Male

43.4

Female

Households and Families

There are a total of 666 households in Price Creek, and the average household size is 2.68 people.

For families, the total number is 397, and the average family size is 3.7 people.

4.30% of those families in Price Creek, North Carolina are living below the poverty line.

The table below shows the poverty thresholds for Price Creek in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Price Creek, North Carolina for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 340 23 34 269
Average Household Size 3.41 8.91 3.26 1.15
Total Families 340 23 34 0
Average Household Size 3.41 8.91 3.06 0

Housing Data in Price Creek

There are total of 1,374 housing units in Price Creek, North Carolina. Of those units, 666 (48.47%) are occupied, and 708 (51.53%) are vacant.

Rental Rates

Of the 1,374 housing units in Price Creek, 91 (6.62%) are occupied by renters. The median rent paid by renters is $603.00.

Owner occupied housing units make up the remaining 41.27% of housing units, with 567 housing units in total.

The table below breaks down how much rent is paid by renters in Price Creek, North Carolina.

  • No rent paid
    8
  • Less than $500
    45
  • $500 to $999
    46
  • $1,000 to $1,499
    0
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Price Creek is $207,200.00.

The table below breaks down the range of valuations for all properties in Price Creek.

  • Less than $50,000
    11
  • $50,000 to $99,999
    116
  • $100,000 to $149,999
    98
  • $150,000 to $199,999
    43
  • $200,000 to $299,999
    203
  • $300,000 to $499,999
    58
  • $500,000 to $999,999
    29
  • $1,000,000 or more
    9

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Price Creek, North Carolina.

  • 1939 or earlier
    80
  • 1940 to 1949
    14
  • 1950 to 1959
    11
  • 1960 to 1969
    174
  • 1970 to 1979
    94
  • 1980 to 1989
    100
  • 1990 to 1999
    414
  • 2000 to 2009
    347
  • 2010 to 2013
    116
  • 2014 or later
    24

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Price Creek has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    3
  • 1 vehicle available
    240
  • 2 vehicles available
    196
  • 3 or more vehicles available
    227

Commuting to Work in Price Creek

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Price Creek, North Carolina, how they commute, and how that correlates to other data points.

The average travel time is 21.5 minutes, and the chart below covers the range of travel times across the population of Price Creek.

  • Less than 5 minutes
    28
  • 5 to 9 minutes
    115
  • 10 to 14 minutes
    181
  • 15 to 19 minutes
    171
  • 20 to 24 minutes
    42
  • 25 to 29 minutes
    3
  • 30 to 34 minutes
    30
  • 35 to 39 minutes
    26
  • 40 to 44 minutes
    129
  • 45 to 59 minutes
    17
  • 60 to 89 minutes
    57
  • 90 or more minutes
    0

We can also look at the means of transport in Price Creek to see which modes of transport people are using to commute to work.

  • Drove alone
    710
  • Carpooled
    13
  • Public transportation
    0
  • Walked
    0
  • Other means
    76
  • Worked from home
    39

Conclusion

Hopefully this article has given you the demographics data you were looking for in Price Creek, North Carolina.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Price Creek.

Link To or Reference This Page

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  • "Price Creek Average Income, Population and Demographics". NameCensus.com. Accessed on May 21, 2024. https://namecensus.com/demographics/north-carolina/yancey-county/price-creek/.

  • "Price Creek Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/north-carolina/yancey-county/price-creek/. Accessed 21 May, 2024

  • Price Creek Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/north-carolina/yancey-county/price-creek/.