Welch, WV Profile: Facts & Data

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Welch, West Virginia - Basic Facts

The City of Welch had a population of 3,859 as of July 1, 2023. Welch ranks in the upper quartile for 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 Welch is located at latitude 37.4329 and longitude -81.5845 in McDowell County. The formal boundaries for the City of Welch encompass a land area of 6.04 sq. miles and a water area of 0.03 sq. miles. McDowell County is in the Eastern time zone (GMT -5).

The City of Welch 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 Welch is located within Browns Creek District, a minor civil division (MCD) of McDowell County.


Jump to... (On This Page!)
  1. Welch 2023 Demographic Data
  2. Growth Rates for Welch (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. West Virginia Research Tools (Easy Tools & Current Data)
  3. West Virginia Data Comparison Tool - 2023 Demographics
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Welch, WV Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 3,859 (100%)
Population in Households 1,582 (41.0%)
Population in Families 1,204 (31.2%)
Population in Group Quarters1 2,277 (59.0%)
Population Density 639
Diversity Index2 53
 
 

INCOME

Median Household Income $32,965
Average Household Income $46,056
% of Income for Mortgage4 12%
Per Capita Income $11,673
Wealth Index5 32
Socioeconomic Status Index6 High (44.9)
 

HOUSING

Total HU (Housing Units) 1,011 (100%)
Owner Occupied HU 570 (56.4%)
Renter Occupied HU 182 (18.0%)
Vacant Housing Units 259 (25.6%)
Median Home Value $64,953
Average Home Value $94,518
Housing Affordability Index3 219
 

HOUSEHOLDS

Total Households 752
Average Household Size 2.10
Family Households 424
Average Family Size 3.00
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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 2.25% -0.84%
Households -1.77% -1.48%
Families   -1.86%
Median Household Income   1.30%
Per Capita Income   1.71%
Owner Occupied HU   -1.26%

Welch, WV - Peer Comparisons by Rank and Percentile

The table below compares Welch to the other 439 incorporated cities, towns and CDPs in West Virginia by rank and percentile using July 1, 2023 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 # 39 91st
Population Density # 218 51st
Median Household Income # 376 15th
Housing Affordability Index # 354 81st
Per Capita Income # 438 0th
Diversity Index # 8 98th

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

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