Bonanza city, Arkansas Demographics & Population 2026

Population Overview

Bonanza city is a small community located in Arkansas. The total population is 730. It ranks as the 250th most populous out of 617 cities and towns in Arkansas.

Age Demographics

The median age in Bonanza city is 29.3 years. This is 24% lower than the state median of 38.4 years. With 34.5% of the population under 18, Bonanza city has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Bonanza city is $59,583. This is 1% higher than the state median of $58,773. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 19.0%. This is 19% higher than the state poverty rate of 16.0%. The unemployment rate is 5.9%. This is 17% higher than the state rate of 5.1%. The median home value is $141,300. Housing costs are 19% lower than the state median of $175,300. With a home-value-to-income ratio of just 2.4x, Bonanza city is one of the most affordable housing markets in the area. 77.5% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 66.1%.

Race & Ethnicity

The largest racial or ethnic group in Bonanza city is White (non-Hispanic), making up 83.6% of the population. Hispanic or Latino residents account for 11.4%. The Asian population (0.4%) is well below the state average of 1.5%.

Education

18.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 25.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 79.5%.

Data Sources & Methodology

All demographic data for Bonanza city, Arkansas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Arkansas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 617 Census-designated places in Arkansas. For official data, visit data.census.gov.