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.
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.|
|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.
|Population in Households||321|
|Population in Familes||271|
|Population in Group Qrtrs||25|
|Median Household Income||$36,202|
|Average Household Income||$48,872|
|Per Capita Income||$14,316|
|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|
|Average Household Size||2.36|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.29%|
|Per Capita Income||3.33%|
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.
|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.