Cost of Living in Craighead 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 Craighead County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Craighead County ranks #2,007 of 3,142 counties for affordability (bottom 36%)
Sourced county brief
Craighead County Median Gross Rent Estimated at $958
The median gross rent in Craighead County was $958 per month, which is $184 above the Arkansas unweighted county mean of $774. The median gross rent as a percentage of household income (GRAPI) was 30.6%, which is 2.2 percentage points higher than the state unweighted county mean official GRAPI of 28.4%. This 30.6% figure is the canonical rent-to-income percentage, based on official ACS B25071 GRAPI records. The median home value in the county was estimated at $210,400, compared to a state unweighted county mean of $141,465. Owners faced median selected monthly owner costs of $942, while the state unweighted county mean was $663. Median renter-household income was recorded at $36,677. These findings represent a statistical snapshot from the 2020-2024 ACS 5-year estimates and are not projections of future costs or market conditions. 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: Craighead County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.6% of renter household income in Craighead County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $958 per month; median selected monthly owner costs are $942. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $38,320 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. Craighead County's $958 median is 23.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Craighead County
Rent Burden
19.3%
of gross income
Max Housing (28% Rule)
$1,389
per month
Owner Cost Burden
19.0%
of gross income
The median home in Craighead County may be a stretch
Median home value is $210,400. Estimated monthly cost: $1,680 vs. your max of $1,389.
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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