Living in Caraway, Arkansas
Cost of living, income, home prices, rent and demographics of Caraway · Census data 2020–2024
Caraway has 1,087 residents with a median age of 32.7. The median household income is $38,558 (37% lower than the Arkansas median), the median home value is $85,900, the median rent is $603/month.
Caraway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Caraway at a glance
- Population
- 1,087
- Median age
- 32.7State: 38.5
- Median household income
- $38,558State: $60,773
- Median home value
- $85,900State: $188,000
- Median rent
- $603/moState: $947
- Homeowners
- 65.8%
- Bachelor's degree or higher
- 8.3%
- Average commute
- 23 min
Is Caraway a good place to live?
Pros: Home values 54% lower than the state median; unemployment of 3.3%.
Cons: Median household income 37% lower than the Arkansas median; an average commute of 23 minutes; a poverty rate of 19.5%.
The weather is best in April–May and September–October.
Cost of living in Caraway
Housing is the biggest part of the cost of living. In Caraway the median home value is $85,900, 74% lower than the U.S. median. Renters pay a median of $603 per month, which is 22.3% of household income. Homeowners with a mortgage pay $768 a month in housing costs.
Caraway median household income
The median household income in Caraway is $38,558 and the income per person is $22,707. 19.5% of residents live below the poverty line (Arkansas: 16%).
Housing in Caraway: homes for sale and rent
- Housing units
- 516
- Owner-occupied
- 65.8%
- Renter-occupied
- 34.2%
- Vacant
- 10.5%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.35
Caraway demographics
- Population
- 1,087
- Median age
- 32.7
- Under 18
- 21.7%
- 65 and older
- 17.2%
- Households
- 462
- Foreign-born
- 3.2%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Caraway ›
Education in Caraway
8.3% of adults 25 and older in Caraway have a bachelor's degree or higher (Arkansas: 25.7%), and 2.5% have a graduate or professional degree.
Jobs and commute in Caraway
- Unemployment rate
- 3.3%State: 4.9%
- Average commute
- 23 minState: 23 min
- Work from home
- 2.3%
- Drive alone
- 77.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.4%
Caraway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Caraway | 1,087 | $38,558 | $85,900 | $603 |
| Black Oak | 179 | $54,643 | $68,400 | $850 |
| Etowah | 316 | $24,659 | $82,800 | $628 |
| Lake City | 2,531 | $60,273 | $152,000 | $854 |
| Monette | 1,251 | $54,167 | $114,200 | $583 |
| Lepanto | 2,025 | $44,271 | $76,300 | $615 |
| Leachville | 1,852 | $51,406 | $111,800 | $520 |
| Manila | 3,691 | $55,792 | $172,000 | $711 |
| Trumann | 7,410 | $38,881 | $112,300 | $586 |
More for people moving to Caraway
Caraway ZIP code ›Weather and climate ›Living in Caraway: FAQ
What is the median household income in Caraway, AR?
The median household income in Caraway is $38,558, 37% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Caraway?
The median home value in Caraway is $85,900, compared with $188,000 in Arkansas.
How much is rent in Caraway?
The median gross rent in Caraway is $603 per month, about 22.3% of household income.
Is Caraway, AR a good place to live?
Pluses: home values 54% lower than the state median; unemployment of 3.3%. Minuses: median household income 37% lower than the Arkansas median; an average commute of 23 minutes; a poverty rate of 19.5%.
What is the median age in Caraway?
The median age in Caraway is 32.7 years (Arkansas: 38.5).
How long is the commute in Caraway?
The average commute to work in Caraway is 23 minutes; 2.3% of workers work from home.
What is the unemployment rate in Caraway?
The unemployment rate in Caraway is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Caraway?
8.3% of adults in Caraway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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