Leola, AR Profile: Facts & Data

The primary coordinate point for Leola is located at latitude 34.1695 and longitude -92.591 in Grant County. The formal boundaries for the Town of Leola encompass a land area of 0.87 sq. miles and a water area of 0 sq. miles. Grant County is in the Central time zone (GMT -6). The elevation is 269 feet.

The Town of Leola (GNIS ID: 2406005) 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.

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

POPULATION
Total Population	498 (100%)
Population in Households	498 (100.0%)
Population in Families	425 (85.3%)
Population in Group Quarters¹	0
Population Density	583
Diversity Index²	43


INCOME
Median Household Income	$40,478
Average Household Income	$53,442
% of Income for Mortgage⁴	10%
Per Capita Income	$20,738
Wealth Index⁵	46

HOUSING
Total HU (Housing Units)	225 (100%)
Owner Occupied HU	141 (62.7%)
Renter Occupied HU	36 (16.0%)
Vacant Housing Units	47 (20.9%)
Median Home Value	$96,094
Average Home Value	$108,865
Housing Affordability Index³	276

HOUSEHOLDS
Total Households	178
Average Household Size	2.8
Family Households	130
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.

Leola, AR - Peer Comparisons by Rank and Percentile

The table below compares Leola 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	0.2%	0.32%
Households	0.22%	0.22%
Families	0.15%	0.0%
Median Household Income		0.86%
Per Capita Income		1.8%
Owner Occupied HU		0.28%

Variable Description	Rank	Percentile
Total Population	# 298	45th
Population Density	# 197	64th
Median Household Income	# 284	48th
Housing Affordability Index	# 348	64th
Per Capita Income	# 345	36th
Diversity Index	# 201	63rd

Leola, AR Profile: Facts & Data

Leola, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Leola, AR - Peer Comparisons by Rank and Percentile

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