Bay, AR Profile: Facts & Data

The primary coordinate point for Bay is located at latitude 35.7423 and longitude -90.5623 in Craighead County. The formal boundaries for the City of Bay encompass a land area of 3.32 sq. miles and a water area of 0.01 sq. miles. Craighead County is in the Central time zone (GMT -6). The elevation is 226 feet.

The City of Bay (GNIS ID: 2403823) 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.

Bay, AR Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	1,982 (100%)
Population in Households	1,982 (100.0%)
Population in Families	1,645 (83.0%)
Population in Group Quarters¹	0
Population Density	642
Diversity Index²	19


INCOME
Median Household Income	$41,046
Average Household Income	$51,798
% of Income for Mortgage⁴	9%
Per Capita Income	$20,662
Wealth Index⁵	39

HOUSING
Total HU (Housing Units)	850 (100%)
Owner Occupied HU	483 (56.8%)
Renter Occupied HU	304 (35.8%)
Vacant Housing Units	63 ( 7.4%)
Median Home Value	$87,441
Average Home Value	$103,099
Housing Affordability Index³	290

HOUSEHOLDS
Total Households	787
Average Household Size	2.52
Family Households	549
Average Family Size	3

NOTES

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.
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.
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.
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).
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.

Bay, AR - Peer Comparisons by Rank and Percentile

The table below compares Bay to the other 540 incorporated cities, towns and CDPs in Arkansas 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.63%	1.5%
Households	1.7%	1.53%
Families	1.38%	1.28%
Median Household Income		2.12%
Per Capita Income		2.27%
Owner Occupied HU		1.41%

Variable Description	Rank	Percentile
Total Population	# 155	71st
Population Density	# 169	69th
Median Household Income	# 266	51st
Housing Affordability Index	# 376	70th
Per Capita Income	# 347	36th
Diversity Index	# 359	33rd

Bay, AR Profile: Facts & Data

Bay, Arkansas - Basic Facts

Bay, AR Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bay, AR - Peer Comparisons by Rank and Percentile

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