Parkin, AR Profile: Facts & Data

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Parkin, Arkansas - Basic Facts

The City of Parkin had a population of 1,120 as of July 1, 2020. Parkin ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Parkin is located at latitude 35.2634 and longitude -90.5712 in Cross County. The formal boundaries for the City of Parkin encompass a land area of 2.54 sq. miles and a water area of 0 sq. miles. Cross County is in the Central time zone (GMT -6). The elevation is 210 feet.

The City of Parkin (GNIS ID: 2404481) 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.

The City of Parkin is located within Township of Tyronza, a minor civil division (MCD) of Cross County.


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

POPULATION

Total Population 1,120 (100%)
Population in Households 1,120 (100.0%)
Population in Families 880 (78.6%)
Population in Group Quarters1 0
Population Density 438
Diversity Index2 52
 
 

INCOME

Median Household Income $21,605
Average Household Income $39,111
% of Income for Mortgage4 12%
Per Capita Income $16,483
Wealth Index5 33
 

HOUSING

Total HU (Housing Units) 585 (100%)
Owner Occupied HU 260 (44.4%)
Renter Occupied HU 202 (34.5%)
Vacant Housing Units 123 (21.0%)
Median Home Value $62,850
Average Home Value $89,865
Housing Affordability Index3 214
 

HOUSEHOLDS

Total Households 462
Average Household Size 2.42
Family Households 283
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 0.13% 0.2%
Households 0.19% 0.26%
Families 0.21% 0.0%
Median Household Income   2.64%
Per Capita Income   3.0%
Owner Occupied HU   0.0%

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Parkin, AR - Peer Comparisons by Rank and Percentile

The table below compares Parkin 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.

Variable Description Rank Percentile
Total Population # 202 63rd
Population Density # 259 52nd
Median Household Income # 534 1st
Housing Affordability Index # 194 36th
Per Capita Income # 497 8th
Diversity Index # 126 77th

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

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