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The total population of Buchanan is estimated to be 1,108 with 574 males (51.81%) and 534 females (48.19%). There are 40 less females than males in Buchanan.
The median household income in Buchanan was $53,482 in 2021, which marked an a decrease of 3,490(6.13%) from $56,972 in 2020. This income is 71.69% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Buchanan sees its highest median household income among householders in the age group of 25 to 44 years old, at $73,541. Overall, the median household income for the town of Buchanan stands at $53,482.
In Buchanan, the median income for all workers aged 15 years and older, regardless of work hours, was $29,146 for males and $30,339 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,089 for males and $33,779 for females.
In Buchanan, population is primarily represented by White households, reporting a median income of $52,357.
In 2022, the population of Buchanan was 1,211, a 0.50% increase year-by-year from 2021. Previously, in 2021, Buchanan's population was 1,205, an increase of 0.75% compared to a population of 1,196 in 2020.
The median age in Buchanan, VA is 46.1, as per 2021 ACS 5-Year Estimates. Of the total population, 16.83% were under the age of 15, 19.88% aged 15 to 29, 44.03% aged 30 to 64, 18.66% aged 65 to 84, and 0.61% were 85 years of age and older.
Racial distribution of Buchanan population: 88.75% are White, 4.62% are Black or African American, 3.14% are some other race and 3.49% are multiracial.