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 (GNIS ID: 2406012) 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, 2020)

POPULATION
Total Population	230 (100%)
Population in Households	230 (100.0%)
Population in Families	196 (85.2%)
Population in Group Quarters¹	0
Population Density	561
Diversity Index²	44


INCOME
Median Household Income	$54,736
Average Household Income	$59,290
% of Income for Mortgage⁴	5%
Per Capita Income	$23,637
Wealth Index⁵	48

HOUSING
Total HU (Housing Units)	108 (100%)
Owner Occupied HU	67 (62.0%)
Renter Occupied HU	30 (27.8%)
Vacant Housing Units	11 (10.2%)
Median Home Value	$65,179
Average Home Value	$80,970
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	97
Average Household Size	2.37
Family Households	69
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.

Lexa, AR - Peer Comparisons by Rank and Percentile

The table below compares Lexa 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	-0.41%	-1.07%
Households	-0.2%	-1.05%
Families	0.29%	-1.19%
Median Household Income		1.86%
Per Capita Income		2.37%
Owner Occupied HU		-0.3%

Variable Description	Rank	Percentile
Total Population	# 411	24th
Population Density	# 204	62nd
Median Household Income	# 67	88th
Housing Affordability Index	# 488	90th
Per Capita Income	# 217	60th
Diversity Index	# 196	64th

Lexa, AR Profile: Facts & Data

Lexa, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lexa, AR - Peer Comparisons by Rank and Percentile

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