Nicholson, PA Profile: Facts & Data

The primary coordinate point for Nicholson is located at latitude 41.6262 and longitude -75.7805 in Wyoming County. The formal boundaries for the Borough of Nicholson encompass a land area of 1.17 sq. miles and a water area of 0.01 sq. miles. Wyoming County is in the Eastern time zone (GMT -5). The elevation is 735 feet.

The Borough of Nicholson (GNIS ID: 1215734) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Nicholson, PA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	750 (100%)
Population in Households	750 (100.0%)
Population in Families	593 (79.1%)
Population in Group Quarters¹	0
Population Density	646
Diversity Index²	11


INCOME
Median Household Income	$43,595
Average Household Income	$55,105
% of Income for Mortgage⁴	14%
Per Capita Income	$21,968
Wealth Index⁵	41

HOUSING
Total HU (Housing Units)	344 (100%)
Owner Occupied HU	196 (57.0%)
Renter Occupied HU	103 (29.9%)
Vacant Housing Units	45 (13.1%)
Median Home Value	$142,208
Average Home Value	$164,158
Housing Affordability Index³	152

HOUSEHOLDS
Total Households	299
Average Household Size	2.51
Family Households	190
Average Family Size	3

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.

Nicholson, PA - Peer Comparisons by Rank and Percentile

The table below compares Nicholson to the other 1,761 incorporated cities, towns and CDPs in Pennsylvania 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.22%	-0.4%
Households	-0.1%	-0.34%
Families	-0.25%	-0.42%
Median Household Income		3.27%
Per Capita Income		2.29%
Owner Occupied HU		0.0%

Variable Description	Rank	Percentile
Total Population	# 1106	37th
Population Density	# 1288	27th
Median Household Income	# 1461	17th
Housing Affordability Index	# 306	17th
Per Capita Income	# 1585	10th
Diversity Index	# 1073	39th

Nicholson, PA Profile: Facts & Data

Nicholson, Pennsylvania - Basic Facts

Nicholson, PA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Nicholson, PA - Peer Comparisons by Rank and Percentile

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