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The total population of Drakes Branch is estimated to be 508 with 219 males (43.11%) and 289 females (56.89%). There are 70 more females than males in Drakes Branch.
The median household income in Drakes Branch was $22,969 in 2021, which marked an a decrease of 3,235(12.35%) from $26,204 in 2020. This income is 30.79% 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, Drakes Branch sees its highest median household income among householders in the age group of 45 to 64 years old, at $24,127. Overall, the median household income for the town of Drakes Branch stands at $22,969.
In Drakes Branch, the median income for all workers aged 15 years and older, regardless of work hours, was $21,731 for males and $15,489 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,893 for males and $33,779 for females.
In Drakes Branch, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $23,420, while White households have a median household income of $20,830.
In 2022, the population of Drakes Branch was 527, a 0.38% decrease year-by-year from 2021. Previously, in 2021, Drakes Branch's population was 529, a decline of 0.19% compared to a population of 530 in 2020.
The median age in Drakes Branch, VA is 49.1, as per 2021 ACS 5-Year Estimates. Of the total population, 17.76% were under the age of 15, 20.86% aged 15 to 29, 38.28% aged 30 to 64, 20.17% aged 65 to 84, and 2.93% were 85 years of age and older.
Racial distribution of Drakes Branch population: 63.28% are White, 32.93% are Black or African American, 0.34% are some other race and 3.45% are multiracial.