Myrtlewood, AL Profile: Facts & Data

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Myrtlewood, Alabama - Basic Facts

The Town of Myrtlewood had a population of 120 as of July 1, 2020. Myrtlewood ranks in the lower quartile for Population Density and 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 Myrtlewood is located at latitude 32.2504 and longitude -87.9497 in Marengo County. The formal boundaries for the Town of Myrtlewood encompass a land area of 2.6 sq. miles and a water area of 0 sq. miles. Marengo County is in the Central time zone (GMT -6). The elevation is 217 feet.

The Town of Myrtlewood (GNIS ID: 2406222) 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 Myrtlewood is located within Linden Division of Marengo County.


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Myrtlewood, AL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 120 (100%)
Population in Households 120 (100.0%)
Population in Families 98 (81.7%)
Population in Group Quarters1 0
Population Density 46
Diversity Index2 55
 
 

INCOME

Median Household Income $46,009
Average Household Income $68,566
% of Income for Mortgage4 0%
Per Capita Income $29,783
Wealth Index5 82
 

HOUSING

Total HU (Housing Units) 75 (100%)
Owner Occupied HU 48 (64.0%)
Renter Occupied HU 12 (16.0%)
Vacant Housing Units 15 (20.0%)
Median Home Value $71,591
Average Home Value $171,809
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 60
Average Household Size 2.0
Family Households 39
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 -0.78% -1.02%
Households -0.78% -0.68%
Families -0.72% -1.05%
Median Household Income   0.37%
Per Capita Income   0.08%
Owner Occupied HU   -0.85%

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Myrtlewood, AL - Peer Comparisons by Rank and Percentile

The table below compares Myrtlewood to the other 586 incorporated cities, towns and CDPs in Alabama 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 # 557 5th
Population Density # 554 6th
Median Household Income # 242 59th
Housing Affordability Index # 8 1st
Per Capita Income # 100 83rd
Diversity Index # 72 88th

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

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