Medicine Bow, WY Profile: Facts & Data

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Medicine Bow, Wyoming - Basic Facts

The Town of Medicine Bow had a population of 257 as of July 1, 2023.

The primary coordinate point for Medicine Bow is located at latitude 41.8955 and longitude -106.2047 in Carbon County. The formal boundaries for the Town of Medicine Bow encompass a land area of 3.46 sq. miles and a water area of 0 sq. miles. Carbon County is in the Mountain time zone (GMT -7).

The Town of Medicine Bow 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.

Wyoming is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Medicine Bow is located within Hanna Division of Carbon County.


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

POPULATION

Total Population 257 (100%)
Population in Households 257 (100.0%)
Population in Families 186 (72.4%)
Population in Group Quarters1 0
Population Density 74
Diversity Index2 30
 
 

INCOME

Median Household Income $45,698
Average Household Income $57,608
% of Income for Mortgage4 16%
Per Capita Income $26,899
Wealth Index5 38
Socioeconomic Status Index6 Low (44.7)
 

HOUSING

Total HU (Housing Units) 184 (100%)
Owner Occupied HU 71 (38.6%)
Renter Occupied HU 49 (26.6%)
Vacant Housing Units 64 (34.8%)
Median Home Value $123,387
Average Home Value $241,901
Housing Affordability Index3 157
 

HOUSEHOLDS

Total Households 120
Average Household Size 2.14
Family Households 71
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 1.48% -0.08%
Households -1.25% 0.00%
Families   0.00%
Median Household Income   -0.24%
Per Capita Income   1.79%
Owner Occupied HU   1.90%

Medicine Bow, WY - Peer Comparisons by Rank and Percentile

The table below compares Medicine Bow to the other 205 incorporated cities, towns and CDPs in Wyoming 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 # 113 45th
Population Density # 137 34th
Median Household Income # 187 9th
Housing Affordability Index # 190 93rd
Per Capita Income # 186 10th
Diversity Index # 95 54th

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

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