Canal Point, FL Profile: Facts & Data

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Canal Point, Florida - Basic Facts

The Canal Point CDP(1) had a population of 335 as of July 1, 2023. Canal Point 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 Florida. See peer rankings below.

The primary coordinate point for Canal Point is located at latitude 26.8592 and longitude -80.6337 in Palm Beach County. The formal boundaries for the Canal Point Census Designated Place encompass a land area of 1.38 sq. miles and a water area of 0 sq. miles. Palm Beach County is in the Eastern time zone (GMT -5).

The Canal Point Census Designated Place 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.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Canal Point Census Designated Place is located within Belle Glade-Pahokee CCD of Palm Beach County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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

POPULATION

Total Population 335 (100%)
Population in Households 335 (100.0%)
Population in Families 237 (70.7%)
Population in Group Quarters1 0
Population Density 241
Diversity Index2 85
 
 

INCOME

Median Household Income $41,957
Average Household Income $65,060
% of Income for Mortgage4 18%
Per Capita Income $24,664
Wealth Index5 43
Socioeconomic Status Index6 Low (31.5)
 

HOUSING

Total HU (Housing Units) 156 (100%)
Owner Occupied HU 87 (55.8%)
Renter Occupied HU 40 (25.6%)
Vacant Housing Units 29 (18.6%)
Median Home Value $125,000
Average Home Value $149,138
Housing Affordability Index3 129
 

HOUSEHOLDS

Total Households 127
Average Household Size 2.64
Family Households 66
Average Family Size 4.00
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 -0.81% -0.42%
Households 0.00% -0.48%
Families   -0.30%
Median Household Income   2.85%
Per Capita Income   3.70%
Owner Occupied HU   -3.19%

Canal Point, FL - Peer Comparisons by Rank and Percentile

The table below compares Canal Point to the other 955 incorporated cities, towns and CDPs in Florida 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 # 888 7th
Population Density # 848 11th
Median Household Income # 814 15th
Housing Affordability Index # 835 87th
Per Capita Income # 761 20th
Diversity Index # 49 95th

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

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