Bonanza, AR Profile: Facts & Data

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 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 , a minor civil division (MCD) of Sebastian County.

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

POPULATION
Total Population	583 (100%)
Population in Households	583 (100.0%)
Population in Families	511 (87.7%)
Population in Group Quarters¹	0
Population Density	209
Diversity Index²	34


INCOME
Median Household Income	$90,485
Average Household Income	$114,718
% of Income for Mortgage⁴	14%
Per Capita Income	$45,911
Wealth Index⁵	125

HOUSING
Total HU (Housing Units)	247 (100%)
Owner Occupied HU	193 (78.1%)
Renter Occupied HU	38 (15.4%)
Vacant Housing Units	16 ( 6.5%)
Median Home Value	$245,000
Average Home Value	$266,536
Housing Affordability Index³	193

HOUSEHOLDS
Total Households	231
Average Household Size	2.52
Family Households	180
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.

Bonanza, AR - Peer Comparisons by Rank and Percentile

The table below compares Bonanza 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	-0.30%	-0.21%
Households	-0.19%	-0.09%
Families		-0.22%
Median Household Income		2.02%
Per Capita Income		3.01%
Owner Occupied HU		0.00%

Variable Description	Rank	Percentile
Total Population	# 264	58th
Population Density	# 385	39th
Median Household Income	# 5	99th
Housing Affordability Index	# 350	56th
Per Capita Income	# 10	99th
Diversity Index	# 307	51st

Bonanza, AR Profile: Facts & Data

Bonanza, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bonanza, AR - Peer Comparisons by Rank and Percentile

Bonanza, AR - Most Popular Things to Do

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