Payneway, AR
Population 125 · Arkansas
About Payneway, AR
Payneway is a small community located in Arkansas with a population of 125 residents according to the latest US Census Bureau American Community Survey data. The median household income is $33,750 per year, which is 55% below the national median of $75,149. The median age of 48.5 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 Payneway features a median home value of $0, which is 100% below the national median of $244,900. This makes Payneway one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 109 total housing units, 54% are owner-occupied (38 units) and 46% are renter-occupied (32 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Payneway shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.0%, above the national average of 12.4%. Workers in Payneway have an average one-way commute time of 25.8 minutes.
Education & Demographics
5.9% of Payneway 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 Payneway, AR
Compared to national averages, Payneway has a median household income of $33,750 (55% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Arkansas, Payneway's income is 35% below the state average of $52,241, and home values are 100% below the state median of $125,457.
Why Live in Payneway, AR?
Payneway offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $625/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($33,750) that falls below the national average. However, Payneway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Payneway has a population of 125 with a median age of 48.5 years. Compare Payneway with other cities to see how it stacks up, or explore all cities in Arkansas.
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Economy & Education
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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 Payneway
What is the population of Payneway, AR?
The population of Payneway, AR is 125 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 Payneway?
The median household income in Payneway, AR is $33,750 per year, which is 55% below the national median of $75,149.
What is the median home value in Payneway?
The median home value in Payneway, AR is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Payneway?
The median monthly rent in Payneway, AR is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Payneway?
The unemployment rate in Payneway, AR is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Payneway, AR a good place to live?
Payneway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 125 and a median age of 48.5, the city appeals to established professionals and retirees.
How educated is Payneway, AR?
5.9% of residents in Payneway 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 Payneway?
Key cost-of-living indicators for Payneway, AR: median home value is $0 (100% below national), median rent is $625/month, and median household income is $33,750. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Payneway?
The poverty rate in Payneway, AR is 25.0%, 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 Payneway, AR?
Payneway's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.