Living in Payneway, Arkansas
Cost of living, income, home prices, rent and demographics of Payneway · Census data 2020–2024
Payneway has 133 residents with a median age of 47.4. The median household income is $37,969 (38% lower than the Arkansas median), the median rent is $656/month.
Payneway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Payneway at a glance
- Population
- 133
- Median age
- 47.4State: 38.5
- Median household income
- $37,969State: $60,773
- Median rent
- $656/moState: $947
- Homeowners
- 50.8%
- Bachelor's degree or higher
- 12.2%
- Average commute
- 25 min
Is Payneway a good place to live?
Cons: Median household income 38% lower than the Arkansas median; an average commute of 25 minutes; unemployment of 8.9%; a poverty rate of 23.6%.
The weather is best in April–May and September–October.
Cost of living in Payneway
Housing is the biggest part of the cost of living. In Payneway the median home value is —. Renters pay a median of $656 per month, which is 36.5% of household income. Homeowners with a mortgage pay $1,042 a month in housing costs.
Payneway median household income
The median household income in Payneway is $37,969 and the income per person is $18,832. 23.6% of residents live below the poverty line (Arkansas: 16%).
Housing in Payneway: homes for sale and rent
- Housing units
- 106
- Owner-occupied
- 50.8%
- Renter-occupied
- 49.2%
- Vacant
- 38.7%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.05
38.7% of homes are vacant most of the year, a sign that Payneway has many vacation and second homes.
Payneway demographics
- Population
- 133
- Median age
- 47.4
- Under 18
- 23.3%
- 65 and older
- 21.1%
- Households
- 65
- Foreign-born
- 9%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Payneway ›
Education in Payneway
12.2% of adults 25 and older in Payneway have a bachelor's degree or higher (Arkansas: 25.7%), and 12.2% have a graduate or professional degree.
Jobs and commute in Payneway
- Unemployment rate
- 8.9%State: 4.9%
- Average commute
- 25 minState: 23 min
- Work from home
- 0%
- Drive alone
- 85.4%
- Public transit
- 0%
- Walk to work
- 14.6%
- Homes with broadband
- 47.7%
Payneway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Payneway | 133 | $37,969 | — | $656 |
| Marked Tree | 2,249 | $45,656 | $96,200 | $565 |
| Trumann | 7,410 | $38,881 | $112,300 | $586 |
| Tyronza | 627 | $45,804 | $91,800 | $667 |
| Lepanto | 2,025 | $44,271 | $76,300 | $615 |
| Harrisburg | 2,216 | $48,047 | $128,100 | $688 |
| Bay | 2,333 | $59,769 | $118,400 | $1,028 |
| Gilmore | 293 | $39,583 | — | — |
| Turrell | 496 | $55,000 | $67,900 | $867 |
More for people moving to Payneway
Payneway ZIP code ›Weather and climate ›Living in Payneway: FAQ
What is the median household income in Payneway, AR?
The median household income in Payneway is $37,969, 38% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How much is rent in Payneway?
The median gross rent in Payneway is $656 per month, about 36.5% of household income.
Is Payneway, AR a good place to live?
Minuses: median household income 38% lower than the Arkansas median; an average commute of 25 minutes; unemployment of 8.9%; a poverty rate of 23.6%.
What is the median age in Payneway?
The median age in Payneway is 47.4 years (Arkansas: 38.5).
How long is the commute in Payneway?
The average commute to work in Payneway is 25 minutes; 0% of workers work from home.
What is the unemployment rate in Payneway?
The unemployment rate in Payneway is 8.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Payneway?
12.2% of adults in Payneway 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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