Millingport, NC Profile: Facts & Data

The Millingport CDP⁽¹⁾ had a population of 632 as of July 1, 2024. Millingport ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Millingport is located at latitude 35.3807 and longitude -80.3051 in Stanly County. The formal boundaries for the Millingport Census Designated Place encompass a land area of 5.68 sq. miles and a water area of 0 sq. miles. Stanly County is in the Eastern time zone (GMT -5).

The Millingport 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.

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.

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

POPULATION
Total Population	632 (100%)
Population in Households	630 (99.7%)
Population in Families	555 (87.8%)
Population in Group Quarters¹	2 ( 0.3%)
Population Density	111
Diversity Index²	20


INCOME
Median Household Income	$88,355
Average Household Income	$93,513
% of Income for Mortgage⁴	20%
Per Capita Income	$35,960
Wealth Index⁵	80
Socioeconomic Status Index⁶	Moderate (51.1)

HOUSING
Total HU (Housing Units)	276 (100%)
Owner Occupied HU	197 (71.4%)
Renter Occupied HU	46 (16.7%)
Vacant Housing Units	33 (12.0%)
Median Home Value	$276,220
Average Home Value	$296,701
Housing Affordability Index³	130

HOUSEHOLDS
Total Households	243
Average Household Size	2.59
Family Households	177
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.

Millingport, NC - Peer Comparisons by Rank and Percentile

The table below compares Millingport 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.71%	1.11%
Households	2.15%	1.36%
Families		1.32%
Median Household Income		0.62%
Per Capita Income		3.05%
Owner Occupied HU		2.33%

Variable Description	Rank	Percentile
Total Population	# 534	32nd
Population Density	# 726	7th
Median Household Income	# 112	86th
Housing Affordability Index	# 616	79th
Per Capita Income	# 289	63rd
Diversity Index	# 733	6th

Millingport, NC Profile: Facts & Data

Millingport, North Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Millingport, NC - Peer Comparisons by Rank and Percentile

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