Cost of Living in Chicot County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Chicot County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Chicot County ranks #79 of 3,142 counties for affordability (top 3%)
Sourced county brief
Chicot County Housing Costs Below Arkansas State Averages
In Chicot County, the median gross rent as a percentage of household income (GRAPI) was estimated at 27.5%. This figure is 0.9 percentage points below the Arkansas unweighted county mean official GRAPI of 28.4%. The canonical rent-to-income percentage is recorded as 27.5% based on official ACS B25071 GRAPI data. The median gross rent in the county is $574 per month, which is $200 below the state unweighted county mean of $774. For homeowners, the median home value was $89,100, while the state unweighted county mean was $141,465. Median selected monthly owner costs for all owner-occupied units were $560, compared to the state unweighted county mean of $663. Additionally, the median renter-household income in the county was reported at $34,631. These statistics represent a snapshot from the 2020-2024 American Community Survey period and do not represent market forecasts. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Chicot County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.5% of renter household income in Chicot County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $574 per month; median selected monthly owner costs are $560. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $22,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Arkansas unweighted mean of county median rents is $774 per month. Chicot County's $574 median is 25.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Chicot County
Rent Burden
17.6%
of gross income
Max Housing (28% Rule)
$911
per month
Owner Cost Burden
17.2%
of gross income
You can likely afford the median home in Chicot County
Median home value is $89,100. Estimated monthly cost: $711 vs. your max of $911.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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