Caraway, AR
Population 1,078 · Arkansas
About Caraway, AR
Caraway is a small town located in Arkansas with a population of 1,078 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,667 per year, which is 45% below the national median of $75,149. The median age of 32.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Caraway features a median home value of $73,800, which is 70% below the national median of $244,900. This makes Caraway one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $481, 59% below the national average of $1,163/month. Of the 497 total housing units, 69% are owner-occupied (301 units) and 31% are renter-occupied (137 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Caraway shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 22.6%, above the national average of 12.4%. Workers in Caraway have an average one-way commute time of 21 minutes.
Education & Demographics
13.0% of Caraway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.2% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.2% of the population being foreign-born.
How Caraway Ranks in Arkansas
Cost of Living in Caraway, AR
Compared to national averages, Caraway has a median household income of $41,667 (45% below the national median of $75,149). Home values average $73,800, which is 70% below the national median. Monthly rent at $481 is 59% below the US average of $1,163. Within Arkansas, Caraway's income is 20% below the state average of $52,241, and home values are 41% below the state median of $125,457.
Why Live in Caraway, AR?
Caraway offers affordable housing with a median home value of $73,800, below the US average of $244,900, and rent that’s lower than the national average at $481/month, and short commute times averaging just 21 minutes.
Potential considerations include median household income ($41,667) that falls below the national average. However, Caraway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Caraway has a population of 1,078 with a median age of 32.4 years. Compare Caraway with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Caraway
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Swifton | 1,082 | $46,250 | $73,500 | Compare |
| Wilson | 1,103 | $76,065 | $135,900 | Compare |
| Sulphur Springs | 1,035 | $34,353 | $114,900 | Compare |
| Oppelo | 1,033 | $65,813 | $124,700 | Compare |
| Highland | 1,124 | $51,250 | $103,400 | Compare |
| Horatio | 1,025 | $44,417 | $109,900 | Compare |
| Wooster | 1,135 | $107,813 | $292,900 | Compare |
| Genoa | 1,008 | $55,500 | $124,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Caraway With Other Cities
Frequently Asked Questions about Caraway
What is the population of Caraway, AR?
The population of Caraway, AR is 1,078 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arkansas.
What is the median household income in Caraway?
The median household income in Caraway, AR is $41,667 per year, which is 45% below the national median of $75,149.
What is the median home value in Caraway?
The median home value in Caraway, AR is $73,800, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Caraway?
The median monthly rent in Caraway, AR is $481, which is 59% below the national average of $1,163/month.
What is the unemployment rate in Caraway?
The unemployment rate in Caraway, AR is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Caraway, AR a good place to live?
Caraway offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,078 and a median age of 32.4, the city appeals to young professionals and families.
How educated is Caraway, AR?
13.0% of residents in Caraway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Caraway?
Key cost-of-living indicators for Caraway, AR: median home value is $73,800 (70% below national), median rent is $481/month, and median household income is $41,667. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Caraway?
The poverty rate in Caraway, AR is 22.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Caraway, AR?
Caraway's population is 4.2% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.2% of residents are foreign-born.