Cost of Living in Craighead County, Arkansas

$930/mo

Median Monthly Rent

$198,700

Median Home Value

22% above state averageUnaffordable

At a Glance

Median Monthly Rent

$930/mo

22% above state average

Median Home Value

$198,700

30% below national

Rent-to-Income Ratio

31.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Craighead County Compares

Median monthly rent comparison

Craighead County$930/mo

Arkansas Average$760/mo

National Median$1,163/mo

Detailed Housing Stats

$930/mo

Median Gross Rent

$198,700

Median Home Value

$914/mo

Monthly Owner Cost

31.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Craighead County, Arkansas

Craighead renters exceed state norms

Craighead County's 19.4% rent-to-income ratio exceeds Arkansas's state average of 18.1%, indicating tighter affordability pressures for renters. The median household income of $57,615, the highest among the surveyed counties, reflects Craighead's role as a regional economic center, yet housing demand pushes rental costs higher.

Craighead ranks among state's priciest

Craighead County's 19.4% rent-to-income ratio places it among Arkansas's least affordable counties, despite the highest median income surveyed. The $198,700 median home value—also the highest in this region—reflects Craighead's position as the state's most developed area outside major metros.

Craighead rents dominate the region

Craighead's median rent of $930 significantly exceeds all regional peers—more than $100 above the state average of $760 and roughly $280 above Cleveland County. This premium reflects Craighead's status as a regional job center and most desirable county in the surveyed area.

Craighead renters spend 19% of income

Craighead households earning $57,615 spend $930 monthly on rent—approximately 19% of income, the highest burden among surveyed counties. Homeowners pay $914 monthly on homes valued at $198,700, requiring substantial household resources for homeownership.

Craighead suits higher-income relocators

If you're relocating to Arkansas with above-average income seeking employment opportunities and regional development, Craighead offers jobs and amenities—but at premium costs. Compare Craighead's $930 rent against more affordable nearby options like Clay ($696) or Cleveland ($635) to determine if the premium aligns with your career gains.

Affordability Calculator

See how your income compares to housing costs in Craighead County

Your Annual Household Income

Rent Burden

19.4%

of gross income

Max Housing (28% Rule)

$1,344

per month

Owner Cost Burden

19.0%

of gross income

The median home in Craighead County may be a stretch

Median home value is $198,700. Estimated monthly cost: $1,586 vs. your max of $1,344.

Rent Affordability Guide

Your rent-to-income ratio19.4%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Craighead County, Arkansas?

Craighead County, Arkansas has a median monthly rent of $930/mo and a median home value of $198,700. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.

What is the median rent in Craighead County?

The median gross rent in Craighead County is $930/mo. This is 22% above state average for Arkansas.

Is Craighead County affordable?

Craighead County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Craighead County's rent compare to the state average?

Craighead County's median rent of $930/mo is 22% above state average of $760/mo for Arkansas.

What is the median home value in Craighead County?

The median home value in Craighead County, Arkansas is $198,700. This is 30% below the national median home value of $281,900.