Goodwater, AL Profile: Facts & Data

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Goodwater, Alabama - Basic Facts

The Town of Goodwater had a population of 1,398 as of July 1, 2019. Goodwater ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Alabama. See peer rankings below.

The primary coordinate point for Goodwater is located at latitude 33.0657 and longitude -86.0533 in Coosa County. The formal boundaries for the Town of Goodwater encompass a land area of 6.49 sq. miles and a water area of 0.03 sq. miles. Coosa County is in the Central time zone (GMT -6). The elevation is 840 feet.

The Town of Goodwater (GNIS ID: 2406589) 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.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Goodwater is located within Goodwater-Kellyton Division of Coosa County.

Alternate Unofficial Names for Goodwater: Adkins Gap, Good Water.

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  1. Goodwater 2019 Demographic Data
  2. Growth Rates for Goodwater (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Alabama Research Tools (Easy Tools & Current Data)
  3. Alabama Data Comparison Tool - 2019 Demographics

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Goodwater, AL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Goodwater, AL Housing Affordability Index is 172
State of Alabama Housing Affordability Index is 174
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.

WEALTH INDEX

Goodwater, AL Wealth Index is 25
State of Alabama Wealth Index is 73
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:

  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Alabama COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 1,398 (100%)
Population in Households 1,339 (95.8%)
Population in Families 1,091 (78.0%)
Population in Group Quarters1 59 ( 4.2%)
Population Density 215
Diversity Index2 50
 

INCOME

Median Household Income $24,453
Average Household Income $33,264
Per Capita Income $13,442
Wealth Index4 25

HOUSING

Total Housing Units 702 (100%)
Owner Occupied HU 392 (55.8%)
Renter Occupied HU 172 (24.5%)
Vacant Housing Units 138 (19.7%)
Median Home Value $78,743
Housing Affordability Index3 172
 

HOUSEHOLDS

Total Households 564
Average Household Size 2.37
Family Households 367
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 race 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 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

2010-2019 2019-2024
Population -0.58% -1.07%
Households -0.98% -1.12%
Families -0.76% -1.29%
Median Household Income   1.36%
Per Capita Income   1.66%

Goodwater, AL - Peer Comparisons by Rank and Percentile

The table below compares Goodwater to the other 585 incorporated cities, towns and CDPs in Alabama 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.

Variable Description Rank Percentile
Total Population # 265 55th
Population Density # 325 45th
Diversity Index # 145 75th
Median Household Income # 560 4th
Per Capita Income # 571 3rd

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

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