Lexa, AR Profile: Facts & Data

The primary coordinate point for Lexa is located at latitude 34.5979 and longitude -90.7523 in Phillips County. The formal boundaries for the Town of Lexa encompass a land area of 0.38 sq. miles and a water area of 0 sq. miles. Phillips County is in the Central time zone (GMT -6). The elevation is 213 feet.

The Town of Lexa 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.

Lexa, AR Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	196 (100%)
Population in Households	196 (100.0%)
Population in Families	166 (84.7%)
Population in Group Quarters¹	0
Population Density	478
Diversity Index²	46


INCOME
Median Household Income	$76,093
Average Household Income	$72,524
% of Income for Mortgage⁴	6%
Per Capita Income	$30,686
Wealth Index⁵	49

HOUSING
Total HU (Housing Units)	94 (100%)
Owner Occupied HU	62 (66.0%)
Renter Occupied HU	27 (28.7%)
Vacant Housing Units	5 ( 5.3%)
Median Home Value	$80,769
Average Home Value	$104,032
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	89
Average Household Size	2.20
Family Households	63
Average Family Size	3.00

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.

Lexa, AR - Peer Comparisons by Rank and Percentile

The table below compares Lexa to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	-2.40%	-1.58%
Households	-1.46%	-1.15%
Families		-1.30%
Median Household Income		1.59%
Per Capita Income		4.26%
Owner Occupied HU		-0.99%

Variable Description	Rank	Percentile
Total Population	# 430	32nd
Population Density	# 208	67th
Median Household Income	# 27	96th
Housing Affordability Index	# 616	99th
Per Capita Income	# 172	73rd
Diversity Index	# 201	68th

Lexa, AR Profile: Facts & Data

Lexa, Arkansas - Basic Facts

Lexa, AR Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lexa, AR - Peer Comparisons by Rank and Percentile

Lexa, AR - Most Popular Things to Do

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Phillips County