Caraway, AR Profile: Facts & Data

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Caraway, Arkansas - Basic Facts

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The City of Caraway had a population of 1,129 as of July 1, 2022. Caraway ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Caraway is located at latitude 35.7581 and longitude -90.3223 in Craighead County. The formal boundaries for the City of Caraway encompass a land area of 2.32 sq. miles and a water area of 0.01 sq. miles. Craighead County is in the Central time zone (GMT -6). The elevation is 226 feet.

The City of Caraway has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Caraway is located within Township of Black Oak, a minor civil division (MCD) of Craighead County.


Jump to... (On This Page!)
  1. Caraway 2022 Demographic Data
  2. Growth Rates for Caraway (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Arkansas Research Tools (Easy Tools & Current Data)
  3. Arkansas Data Comparison Tool - 2022 Demographics
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Caraway, AR Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 1,129 (100%)
Population in Households 1,129 (100.0%)
Population in Families 889 (78.7%)
Population in Group Quarters1 0
Population Density 490
Diversity Index2 15
 
 

INCOME

Median Household Income $43,514
Average Household Income $63,361
% of Income for Mortgage4 5%
Per Capita Income $27,024
Wealth Index5 47
 

HOUSING

Total HU (Housing Units) 539 (100%)
Owner Occupied HU 301 (55.8%)
Renter Occupied HU 188 (34.9%)
Vacant Housing Units 50 ( 9.3%)
Median Home Value $37,562
Average Home Value $59,603
Housing Affordability Index3 350
 

HOUSEHOLDS

Total Households 489
Average Household Size 2.31
Family Households 312
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2020-2022 2022-2027
Population -0.16% -0.39%
Households -0.09% -0.25%
Families   -0.45%
Median Household Income   3.39%
Per Capita Income   4.42%
Owner Occupied HU   0.00%

Caraway, AR - Peer Comparisons by Rank and Percentile

The table below compares Caraway to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 188 70th
Population Density # 203 68th
Median Household Income # 366 42nd
Housing Affordability Index # 605 97th
Per Capita Income # 290 54th
Diversity Index # 581 7th

Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.

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