63531 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Knox County
Centroid: Latitude 40.263, Longitude -92.262
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 63531 has segments in 2 Counties (Knox, Scotland).

Businesses Addresses: 25
PO Box Addresses: 51
Residential Addresses: 180

Multi-Family Addresses: 0
Single Family Addresses: 180

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Baring, MO 63531 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	581 (100%)
Population in Households	581 (100.0%)
Population in Families	478 (82.3%)
Population in Group Quarters¹	0
Population Density	7
Diversity Index²	8


INCOME
Median Household Income	$58,118
Average Household Income	$92,349
% of Income for Mortgage⁴	10%
Per Capita Income	$35,793
Wealth Index⁵	87

HOUSING
Total HU (Housing Units)	292 (100%)
Owner Occupied HU	178 (61.0%)
Renter Occupied HU	35 (12.0%)
Vacant Housing Units	79 (27.1%)
Median Home Value	$113,750
Average Home Value	$255,508
Housing Affordability Index³	263

HOUSEHOLDS
Total Households	213
Average Household Size	2.73
Family Households	140
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.

Baring, MO 63531 - Peer Comparisons by Rank and Percentile

The table below compares 63531 to the other 1,003 ZIP Codes in Missouri by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	-0.83%	-0.28%
Households	-0.62%	-0.38%
Families		-0.43%
Median Household Income		2.29%
Per Capita Income		2.86%
Owner Occupied HU		-0.23%

Variable Description	Rank	Percentile
Total Population	# 744	26th
Population Density	# 892	11th
Median Household Income	# 417	59th
Housing Affordability Index	# 913	91st
Per Capita Income	# 197	80th
Diversity Index	# 973	3rd

63531 ZIP Code Profile, Map, Data & Demographics

ZIP Code 63531: Basic Data & USPS Preferred City Name

Baring, MO 63531 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Baring, MO 63531 - Peer Comparisons by Rank and Percentile

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