Living in Colt, Arkansas
Cost of living, income, home prices, rent and demographics of Colt · Census data 2020–2024
Colt has 510 residents with a median age of 32.7. The median household income is $22,188 (63% lower than the Arkansas median), the median home value is $93,800, the median rent is $711/month.
Colt is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Colt at a glance
- Population
- 510
- Median age
- 32.7State: 38.5
- Median household income
- $22,188State: $60,773
- Median home value
- $93,800State: $188,000
- Median rent
- $711/moState: $947
- Homeowners
- 29.1%
- Bachelor's degree or higher
- 12.7%
- Average commute
- 18 min
Is Colt a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 63% lower than the Arkansas median; unemployment of 8.2%; a poverty rate of 46.5%.
The weather is best in April–May and September–October.
Cost of living in Colt
Housing is the biggest part of the cost of living. In Colt the median home value is $93,800, 72% lower than the U.S. median. Renters pay a median of $711 per month, which is 34% of household income. Homeowners with a mortgage pay $843 a month in housing costs.
Colt median household income
The median household income in Colt is $22,188 and the income per person is $20,436. 46.5% of residents live below the poverty line (Arkansas: 16%).
Housing in Colt: homes for sale and rent
- Housing units
- 197
- Owner-occupied
- 29.1%
- Renter-occupied
- 70.9%
- Vacant
- 11.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.91
Colt demographics
- Population
- 510
- Median age
- 32.7
- Under 18
- 32.4%
- 65 and older
- 10.2%
- Households
- 175
- Foreign-born
- 0%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Colt ›
Education in Colt
12.7% of adults 25 and older in Colt have a bachelor's degree or higher (Arkansas: 25.7%), and 5.9% have a graduate or professional degree.
Jobs and commute in Colt
- Unemployment rate
- 8.2%State: 4.9%
- Average commute
- 18 minState: 23 min
- Work from home
- 3%
- Drive alone
- 88.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.1%
Colt vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Colt | 510 | $22,188 | $93,800 | $711 |
| Caldwell | 441 | $68,375 | $123,500 | $740 |
| Wynne | 8,120 | $43,250 | $141,100 | $760 |
| Forrest City | 12,646 | $35,689 | $92,000 | $805 |
| Madison | 476 | $55,893 | $120,400 | $725 |
| Widener | 238 | $45,938 | $41,800 | $563 |
| Palestine | 800 | $36,090 | $67,900 | $758 |
| Parkin | 694 | $23,942 | $43,500 | $512 |
| Cherry Valley | 543 | $31,563 | $77,500 | $538 |
More for people moving to Colt
Colt ZIP code ›Weather and climate ›Living in Colt: FAQ
What is the median household income in Colt, AR?
The median household income in Colt is $22,188, 63% 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 Colt?
The median home value in Colt is $93,800, compared with $188,000 in Arkansas.
How much is rent in Colt?
The median gross rent in Colt is $711 per month, about 34% of household income.
Is Colt, AR a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 18 minutes. Minuses: median household income 63% lower than the Arkansas median; unemployment of 8.2%; a poverty rate of 46.5%.
What is the median age in Colt?
The median age in Colt is 32.7 years (Arkansas: 38.5).
How long is the commute in Colt?
The average commute to work in Colt is 18 minutes; 3% of workers work from home.
What is the unemployment rate in Colt?
The unemployment rate in Colt is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Colt?
12.7% of adults in Colt 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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