Platte Woods, MO Profile: Facts & Data

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Platte Woods, Missouri - Basic Facts

The City of Platte Woods had a population of 427 as of July 1, 2023. Platte Woods 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 Platte Woods is located at latitude 39.2292 and longitude -94.648 in Platte County. The formal boundaries for the City of Platte Woods encompass a land area of 0.37 sq. miles and a water area of 0 sq. miles. Platte County is in the Central time zone (GMT -6).

The City of Platte Woods 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 Woods is located within Township of Fox, a minor civil division (MCD) of Platte County.


Jump to... (On This Page!)
  1. Platte Woods 2023 Demographic Data
  2. Growth Rates for Platte Woods (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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Platte Woods, MO Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 427 (100%)
Population in Households 427 (100.0%)
Population in Families 372 (87.1%)
Population in Group Quarters1 0
Population Density 1,094
Diversity Index2 52
 
 

INCOME

Median Household Income $86,026
Average Household Income $116,230
% of Income for Mortgage4 20%
Per Capita Income $46,002
Wealth Index5 95
Socioeconomic Status Index6 High (69.9)
 

HOUSING

Total HU (Housing Units) 176 (100%)
Owner Occupied HU 115 (65.3%)
Renter Occupied HU 54 (30.7%)
Vacant Housing Units 7 ( 4.0%)
Median Home Value $286,628
Average Home Value $306,739
Housing Affordability Index3 116
 

HOUSEHOLDS

Total Households 169
Average Household Size 2.53
Family Households 126
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 2.51% 1.05%
Households 0.55% 0.47%
Families   2.28%
Median Household Income   2.50%
Per Capita Income   2.29%
Owner Occupied HU   -1.07%

Platte Woods, MO - Peer Comparisons by Rank and Percentile

The table below compares Platte Woods 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 # 534 51st
Population Density # 278 74th
Median Household Income # 119 89th
Housing Affordability Index # 474 44th
Per Capita Income # 128 88th
Diversity Index # 67 94th

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

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