Craig, IA Profile: Facts & Data

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Craig, Iowa - Basic Facts

The City of Craig had a population of 86 as of July 1, 2020.

The primary coordinate point for Craig is located at latitude 42.8958 and longitude -96.3097 in Plymouth County. The formal boundaries for the City of Craig encompass a land area of 0.09 sq. miles and a water area of 0 sq. miles. Plymouth County is in the Central time zone (GMT -6). The elevation is 1,398 feet.

The City of Craig (GNIS ID: 2393660) 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 Craig is located within Township of Grant, a minor civil division (MCD) of Plymouth County.


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Craig, IA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 86 (100%)
Population in Households 86 (100.0%)
Population in Families 76 (88.4%)
Population in Group Quarters1 0
Population Density 948
Diversity Index2 13
 
 

INCOME

Median Household Income $67,209
Average Household Income $82,880
% of Income for Mortgage4 0%
Per Capita Income $29,586
Wealth Index5 93
 

HOUSING

Total HU (Housing Units) 45 (100%)
Owner Occupied HU 29 (64.4%)
Renter Occupied HU 7 (15.6%)
Vacant Housing Units 9 (20.0%)
Median Home Value $175,000
Average Home Value $225,000
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 36
Average Household Size 2.39
Family Households 29
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.33% -0.23%
Households -0.27% 0.0%
Families 1.07% -0.7%
Median Household Income   3.11%
Per Capita Income   1.72%
Owner Occupied HU   0.0%

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Craig, IA - Peer Comparisons by Rank and Percentile

The table below compares Craig to the other 1,008 incorporated cities, towns and CDPs in Iowa 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 # 892 12th
Population Density # 327 68th
Median Household Income # 294 71st
Housing Affordability Index # 143 14th
Per Capita Income # 564 44th
Diversity Index # 389 62nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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