Diamond City, AR
Population 831 · Arkansas
About Diamond City, AR
Diamond City is a small community located in Arkansas with a population of 831 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,083 per year, which is 44% below the national median of $75,149. The median age of 45.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Diamond City features a median home value of $96,100, which is 61% below the national median of $244,900. This makes Diamond City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 521 total housing units, 77% are owner-occupied (254 units) and 23% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Diamond City shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.7%, above the national average of 12.4%. Workers in Diamond City have an average one-way commute time of 31.3 minutes.
Education & Demographics
10.7% of Diamond City 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 4.5% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 3.0% of the population being foreign-born.
How Diamond City Ranks in Arkansas
Cost of Living in Diamond City, AR
Compared to national averages, Diamond City has a median household income of $42,083 (44% below the national median of $75,149). Home values average $96,100, which is 61% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within Arkansas, Diamond City's income is 19% below the state average of $52,241, and home values are 23% below the state median of $125,457.
Why Live in Diamond City, AR?
Diamond City offers affordable housing with a median home value of $96,100, below the US average of $244,900, and rent that’s lower than the national average at $825/month, and a strong job market with an unemployment rate of just 0.9%.
Potential considerations include median household income ($42,083) that falls below the national average. However, Diamond City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Diamond City has a population of 831 with a median age of 45.2 years. Compare Diamond City with other cities to see how it stacks up, or explore all cities in Arkansas.
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Cities in Arkansas with a similar population size.
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.
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Frequently Asked Questions about Diamond City
What is the population of Diamond City, AR?
The population of Diamond City, AR is 831 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in Diamond City?
The median household income in Diamond City, AR is $42,083 per year, which is 44% below the national median of $75,149.
What is the median home value in Diamond City?
The median home value in Diamond City, AR is $96,100, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Diamond City?
The median monthly rent in Diamond City, AR is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Diamond City?
The unemployment rate in Diamond City, AR is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Diamond City, AR a good place to live?
Diamond City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 831 and a median age of 45.2, the city appeals to established professionals and retirees.
How educated is Diamond City, AR?
10.7% of residents in Diamond City 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 Diamond City?
Key cost-of-living indicators for Diamond City, AR: median home value is $96,100 (61% below national), median rent is $825/month, and median household income is $42,083. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Diamond City?
The poverty rate in Diamond City, AR is 14.7%, 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 Diamond City, AR?
Diamond City's population is 4.5% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 1.4% two or more races. 3.0% of residents are foreign-born.