Verona, MO Profile: Facts & Data

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Verona, Missouri - Basic Facts

The Town of Verona had a population of 493 as of July 1, 2023. Verona ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Missouri. See peer rankings below.

The primary coordinate point for Verona is located at latitude 36.9639 and longitude -93.7958 in Lawrence County. The formal boundaries for the Town of Verona encompass a land area of 0.87 sq. miles and a water area of 0 sq. miles. Lawrence County is in the Central time zone (GMT -6).

The Town of Verona 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 Town of Verona is located within Township of Spring River, a minor civil division (MCD) of Lawrence County.


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

POPULATION

Total Population 493 (100%)
Population in Households 493 (100.0%)
Population in Families 435 (88.2%)
Population in Group Quarters1 0
Population Density 568
Diversity Index2 67
 
 

INCOME

Median Household Income $50,337
Average Household Income $65,906
% of Income for Mortgage4 16%
Per Capita Income $23,528
Wealth Index5 53
Socioeconomic Status Index6 Low (42.4)
 

HOUSING

Total HU (Housing Units) 207 (100%)
Owner Occupied HU 141 (68.1%)
Renter Occupied HU 35 (16.9%)
Vacant Housing Units 31 (15.0%)
Median Home Value $132,692
Average Home Value $175,709
Housing Affordability Index3 158
 

HOUSEHOLDS

Total Households 176
Average Household Size 2.80
Family Households 136
Average Family Size 3.00
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 -0.86% -0.16%
Households -0.35% -0.11%
Families   0.00%
Median Household Income   -1.89%
Per Capita Income   2.50%
Owner Occupied HU   -0.14%

Verona, MO - Peer Comparisons by Rank and Percentile

The table below compares Verona to the other 1,082 incorporated cities, towns and CDPs in Missouri 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 # 511 53rd
Population Density # 625 42nd
Median Household Income # 691 36th
Housing Affordability Index # 771 71st
Per Capita Income # 920 15th
Diversity Index # 23 98th

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

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