Locust, NC Profile: Facts & Data

Locust, North Carolina - Basic Facts

The City of Locust had a population of 4,928 as of July 1, 2024.

The primary coordinate point for Locust is located at latitude 35.2599 and longitude -80.4253 in Stanly County. The formal boundaries for the City of Locust encompass a land area of 8.13 sq. miles and a water area of 0 sq. miles. Stanly County is in the Eastern time zone (GMT -5).

The City of Locust 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.

The City of Locust is located within Township of Furr, a minor civil division (MCD) of Stanly County.

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Locust, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,928 (100%)
Population in Households	4,920 (99.8%)
Population in Families	4,076 (82.7%)
Population in Group Quarters¹	8 ( 0.2%)
Population Density	599
Diversity Index²	38


INCOME
Median Household Income	$61,029
Average Household Income	$91,418
% of Income for Mortgage⁴	30%
Per Capita Income	$36,696
Wealth Index⁵	85
Socioeconomic Status Index⁶	Moderate (52.6)

HOUSING
Total HU (Housing Units)	2,079 (100%)
Owner Occupied HU	1,573 (75.7%)
Renter Occupied HU	405 (19.5%)
Vacant Housing Units	101 ( 4.9%)
Median Home Value	$289,179
Average Home Value	$359,409
Housing Affordability Index³	86

HOUSEHOLDS
Total Households	1,978
Average Household Size	2.49
Family Households	1,355
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,079 (100%)

Owner Occupied HU

1,573 (75.7%)

Renter Occupied HU

405 (19.5%)

Vacant Housing Units

101 ( 4.9%)

Median Home Value

$289,179

Average Home Value

$359,409

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,978

Average Household Size

2.49

Family Households

1,355

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2024	2024-2029
Population	1.90%	2.18%
Households	1.72%	2.12%
Families		2.12%
Median Household Income		6.84%
Per Capita Income		3.31%
Owner Occupied HU		2.88%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.90%

2.18%

Households

1.72%

2.12%

Families

2.12%

Median Household Income

6.84%

Per Capita Income

3.31%

Owner Occupied HU

2.88%

Locust, NC - Peer Comparisons by Rank and Percentile

The table below compares Locust to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 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	# 171	78th
Population Density	# 398	49th
Median Household Income	# 341	56th
Housing Affordability Index	# 229	29th
Per Capita Income	# 273	65th
Diversity Index	# 567	27th

Variable Description

Rank

Percentile

Total Population

# 171

78th

Population Density

# 398

49th

Median Household Income

# 341

56th

Housing Affordability Index

# 229

29th

Per Capita Income

# 273

65th

Diversity Index

# 567

27th

North Carolina Census Data Comparison Tool

Locust, NC Profile: Facts & Data

Locust, North Carolina - Basic Facts

Locust, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Locust, NC - Peer Comparisons by Rank and Percentile

Locust, NC - Most Popular Things to Do

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