Okolona, AR
Population 317 · Arkansas
About Okolona, AR
Okolona is a small community located in Arkansas with a population of 317 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,000 per year, which is 20% below the national median of $75,149. The median age of 42.2 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 Okolona features a median home value of $83,700, which is 66% below the national median of $244,900. This makes Okolona one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 126 total housing units, 95% are owner-occupied (76 units) and 5% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Okolona shows an unemployment rate of 25.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Okolona have an average one-way commute time of 37 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
11.8% of Okolona 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Okolona, AR
Compared to national averages, Okolona has a median household income of $60,000 (20% below the national median of $75,149). Home values average $83,700, which is 66% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Okolona's income is 15% above the state average of $52,241, and home values are 33% below the state median of $125,457.
Why Live in Okolona, AR?
Okolona offers affordable housing with a median home value of $83,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 6.0%, better than the national average.
Potential considerations include median household income ($60,000) that falls below the national average. However, Okolona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Okolona has a population of 317 with a median age of 42.2 years. Compare Okolona 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 Okolona
What is the population of Okolona, AR?
The population of Okolona, AR is 317 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 Okolona?
The median household income in Okolona, AR is $60,000 per year, which is 20% below the national median of $75,149.
What is the median home value in Okolona?
The median home value in Okolona, AR is $83,700, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Okolona?
The median monthly rent in Okolona, AR is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Okolona?
The unemployment rate in Okolona, AR is 25.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Okolona, AR a good place to live?
Okolona offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 317 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Okolona, AR?
11.8% of residents in Okolona 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 Okolona?
Key cost-of-living indicators for Okolona, AR: median home value is $83,700 (66% below national), median rent is $0/month, and median household income is $60,000. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Okolona?
The poverty rate in Okolona, AR is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Okolona, AR?
Okolona's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 10.7% two or more races. 0.0% of residents are foreign-born.