Also See: Bonanza, AR ZIP Codes & ZIP Code Maps
The City of Bonanza had a population of 588 as of July 1, 2020. Bonanza ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.
The primary coordinate point for Bonanza is located at latitude 35.2393 and longitude -94.426 in Sebastian County. The formal boundaries for the City of Bonanza encompass a land area of 2.74 sq. miles and a water area of 0.02 sq. miles. Sebastian County is in the Central time zone (GMT -6). The elevation is 548 feet.
The City of Bonanza (GNIS ID: 2403891) 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 Bonanza is located within Township of Marion (historical), a minor civil division (MCD) of Sebastian County.
POPULATION | |
|---|---|
| Total Population | 588 (100%) |
| Population in Households | 588 (100.0%) |
| Population in Families | 518 (88.1%) |
| Population in Group Quarters1 | 0 |
| Population Density | 209 |
| Diversity Index2 | 20 |
INCOME | |
| Median Household Income | $96,454 |
| Average Household Income | $116,966 |
| % of Income for Mortgage4 | 11% |
| Per Capita Income | $46,705 |
| Wealth Index5 | 174 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 260 (100%) |
| Owner Occupied HU | 203 (78.1%) |
| Renter Occupied HU | 35 (13.5%) |
| Vacant Housing Units | 22 ( 8.5%) |
| Median Home Value | $243,590 |
| Average Home Value | $369,118 |
| Housing Affordability Index3 | 261 |
HOUSEHOLDS | |
| Total Households | 238 |
| Average Household Size | 2.47 |
| Family Households | 185 |
| Average Family Size | 3 |
GROWTH RATE / YEAR | 2010-2020 | 2020-2025 |
|---|---|---|
| Population | 0.22% | 1.42% |
| Households | 0.29% | 1.47% |
| Families | 0.89% | 1.37% |
| Median Household Income | 2.92% | |
| Per Capita Income | 3.41% | |
| Owner Occupied HU | 1.44% |
The table below compares Bonanza 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 | # 274 | 49th |
| Population Density | # 404 | 25th |
| Median Household Income | # 2 | 100th |
| Housing Affordability Index | # 318 | 59th |
| Per Capita Income | # 4 | 99th |
| Diversity Index | # 348 | 36th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.
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