Platte City, MO Profile: Facts & Data

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Platte City, Missouri - Basic Facts

The City of Platte City had a population of 5,083 as of July 1, 2020. Platte City ranks in the upper quartile for Population Density and 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 Platte City is located at latitude 39.3703 and longitude -94.7825 in Platte County. The formal boundaries for the City of Platte City encompass a land area of 3.75 sq. miles and a water area of 0.04 sq. miles. Platte County is in the Central time zone (GMT -6). The elevation is 820 feet.

The City of Platte City (GNIS ID: 2396226) 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 Platte City is located within Township of Carroll, a minor civil division (MCD) of Platte County.

Alternate Unofficial Names for Platte City: Martinsville, Platte, Platte Falls.

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Platte City, MO Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 5,083 (100%)
Population in Households 4,932 (97.0%)
Population in Families 3,800 (74.8%)
Population in Group Quarters1 151 ( 3.0%)
Population Density 1,249
Diversity Index2 32
 
 

INCOME

Median Household Income $69,199
Average Household Income $79,946
% of Income for Mortgage4 11%
Per Capita Income $33,436
Wealth Index5 68
 

HOUSING

Total HU (Housing Units) 2,340 (100%)
Owner Occupied HU 1,200 (51.3%)
Renter Occupied HU 943 (40.3%)
Vacant Housing Units 197 ( 8.4%)
Median Home Value $177,338
Average Home Value $209,521
Housing Affordability Index3 222
 

HOUSEHOLDS

Total Households 2,143
Average Household Size 2.3
Family Households 1,281
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.78% 0.93%
Households 0.79% 0.92%
Families 0.85% 0.72%
Median Household Income   1.56%
Per Capita Income   1.83%
Owner Occupied HU   1.44%

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Platte City, MO - Peer Comparisons by Rank and Percentile

The table below compares Platte City to the other 1,032 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2020 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 # 141 86th
Population Density # 230 78th
Median Household Income # 123 88th
Housing Affordability Index # 573 56th
Per Capita Income # 139 87th
Diversity Index # 146 86th

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

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