The Hico Census Designated Place had a population of 279 as of July 1, 2019. Hico ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in West Virginia. See peer rankings below.
The primary coordinate point for Hico is located at latitude 38.1173 and longitude -81.0057 in Fayette County. The formal boundaries for the Hico Census Designated Place encompass a land area of 5.01 sq. miles and a water area of 0.01 sq. miles. Fayette County is in the Eastern time zone (GMT -5). The elevation is 2,142 feet.
The Hico Census Designated Place (GNIS ID: 2586827) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Alternate Unofficial Names for Hico: Beets.
HOUSING AFFORDABILITY INDEX
|Hico, WV Housing Affordability Index is 276 |
State of West Virginia Housing Affordability Index is 182
|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.|
|Hico, WV Wealth Index is 93 |
State of West Virginia Wealth Index is 64
|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.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
|Total Population||279 (100%)|
|Population in Households||279 (100.0%)|
|Population in Families||231 (82.8%)|
|Population in Group Quarters1||0|
|Median Household Income||$51,015|
|Average Household Income||$71,214|
|Per Capita Income||$29,878|
|Total Housing Units||133 (100%)|
|Owner Occupied HU||99 (74.4%)|
|Renter Occupied HU||18 (13.5%)|
|Vacant Housing Units||16 (12.0%)|
|Median Home Value||$104,688|
|Housing Affordability Index3||276|
|Average Household Size||2.38|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||0.85%|
|Per Capita Income||1.89%|
The table below compares Hico to the other 404 incorporated cities, towns and CDPs in West Virginia by rank and percentile using July 1, 2019 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.
|Total Population||# 315||22nd|
|Population Density||# 400||1st|
|Diversity Index||# 363||11th|
|Median Household Income||# 80||80th|
|Per Capita Income||# 48||88th|
Additional comparisons and rankings can be made with a VERY EASY TO USE West Virginia Census Data Comparison Tool.