Living in McRae, Arkansas
Cost of living, income, home prices, rent and demographics of McRae · Census data 2020–2024
McRae has 623 residents with a median age of 42.5. The median household income is $35,132 (42% lower than the Arkansas median), the median home value is $99,400, the median rent is $668/month.
McRae is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
McRae at a glance
- Population
- 623
- Median age
- 42.5State: 38.5
- Median household income
- $35,132State: $60,773
- Median home value
- $99,400State: $188,000
- Median rent
- $668/moState: $947
- Homeowners
- 60.8%
- Bachelor's degree or higher
- 8.2%
- Average commute
- 24 min
Is McRae a good place to live?
Pros: Home values 47% lower than the state median; unemployment of 1.3%; a poverty rate of 14.4%.
Cons: Median household income 42% lower than the Arkansas median; an average commute of 24 minutes.
The weather is best in April–May and September–October.
Cost of living in McRae
Housing is the biggest part of the cost of living. In McRae the median home value is $99,400, 70% lower than the U.S. median. Renters pay a median of $668 per month, which is 32.3% of household income. Homeowners with a mortgage pay $863 a month in housing costs.
McRae median household income
The median household income in McRae is $35,132 and the income per person is $22,462. 14.4% of residents live below the poverty line (Arkansas: 16%).
Housing in McRae: homes for sale and rent
- Housing units
- 305
- Owner-occupied
- 60.8%
- Renter-occupied
- 39.2%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.18
McRae demographics
- Population
- 623
- Median age
- 42.5
- Under 18
- 25.4%
- 65 and older
- 12.2%
- Households
- 286
- Foreign-born
- 5.5%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of McRae ›
Education in McRae
8.2% of adults 25 and older in McRae have a bachelor's degree or higher (Arkansas: 25.7%), and 0.9% have a graduate or professional degree.
Jobs and commute in McRae
- Unemployment rate
- 1.3%State: 4.9%
- Average commute
- 24 minState: 23 min
- Work from home
- 1.4%
- Drive alone
- 90.1%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 80.4%
McRae vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| McRae | 623 | $35,132 | $99,400 | $668 |
| Garner | 175 | $66,389 | — | — |
| Beebe | 8,707 | $59,476 | $158,200 | $799 |
| Higginson | 1,055 | $76,957 | $132,000 | $1,016 |
| Floyd | 881 | $83,719 | $230,400 | — |
| Ward | 6,573 | $72,734 | $189,100 | $1,202 |
| Searcy | 23,340 | $52,170 | $188,500 | $905 |
| Griffithville | 249 | $32,000 | $72,000 | $700 |
| Austin | 3,915 | $113,764 | $220,500 | $1,335 |
More for people moving to McRae
McRae ZIP code ›Weather and climate ›Living in McRae: FAQ
What is the median household income in McRae, AR?
The median household income in McRae is $35,132, 42% 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 McRae?
The median home value in McRae is $99,400, compared with $188,000 in Arkansas.
How much is rent in McRae?
The median gross rent in McRae is $668 per month, about 32.3% of household income.
Is McRae, AR a good place to live?
Pluses: home values 47% lower than the state median; unemployment of 1.3%; a poverty rate of 14.4%. Minuses: median household income 42% lower than the Arkansas median; an average commute of 24 minutes.
What is the median age in McRae?
The median age in McRae is 42.5 years (Arkansas: 38.5).
How long is the commute in McRae?
The average commute to work in McRae is 24 minutes; 1.4% of workers work from home.
What is the unemployment rate in McRae?
The unemployment rate in McRae is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is McRae?
8.2% of adults in McRae 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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