Canal Point, FL Profile: Facts & Data

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Canal Point, Florida - Basic Facts

The Canal Point Census Designated Place had a population of 346 as of July 1, 2019. 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 elevation is 16 feet.

The Canal Point Census Designated Place (GNIS ID: 2402745) 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.


Jump to... (On This Page!)
  1. Canal Point 2019 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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Canal Point, FL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Canal Point, FL Housing Affordability Index is 173
State of Florida Housing Affordability Index is 113
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

Canal Point, FL Wealth Index is 38
State of Florida Wealth Index is 94
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 cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Florida address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 346
Population in Households 321
Population in Familes 271
Population in Group Qrtrs 25
Population Density 251
Diversity Index1 85
 

INCOME

Median Household Income $36,202
Average Household Income $48,872
Per Capita Income $14,316
Wealth Index3 38

HOUSING

Total Housing Units 182 (100%)
Owner Occupied HU 79 (43.4%)
Renter Occupied HU 57 (31.3%)
Vacant Housing Units 46 (25.3%)
Median Home Value $112,500
Housing Affordability Index2 173
 

HOUSEHOLDS

Total Households 136
Average Household Size 2.36
Family Households 97
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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 -0.63% -0.12%
Households -0.69% -0.3%
Families 0.57% -0.42%
Median Household Income   2.29%
Per Capita Income   3.33%

Canal Point, FL - Peer Comparisons by Rank and Percentile

The table below compares Canal Point to the other 919 incorporated cities, towns and CDPs in Florida 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 # 856 7th
Population Density # 815 11th
Diversity Index # 8 99th
Median Household Income # 803 13th
Per Capita Income # 869 6th

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

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