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Caraway, Arkansas Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

During the 2020–2024 ACS period, Caraway, Arkansas had a total population of 1,087, the 206th largest city in Arkansas, with a median household income of $38,558, which is 37% lower than the state average. The poverty rate is 19.5%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Caraway Quick Facts

Population 1,087
Median Household Income $38,558
Median Home Value $85,900
Poverty Rate 19.5%
Unemployment Rate 3.3%
Median Age 32.7 years
Homeownership Rate 65.8%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 8.3%
High School Graduation Rate 81.6%
Diversity Index 10/100
Population 1,087 206th of 614
Median Income $38,558 bottom 30%
Poverty Rate 19.5% 56% higher than national
Median Home Value $85,900 bottom 30%

How Caraway Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,0781,087+0.8%
Median household income$41,667$38,558-7.5%
Median home value$73,800$85,900+16.4%

How Caraway Compares

Economy & Housing

Household Income Distribution

Under $25K 30.3%
$25K-$50K 26.4%
$50K-$100K 31.8%
$100K+ 11.5%
Detailed income brackets
Under $10K
3.9%
$10K-$15K
5.8%
$15K-$20K
11.9%
$20K-$25K
8.7%
$25K-$30K
7.8%
$30K-$35K
4.1%
$35K-$40K
11.0%
$40K-$45K
1.1%
$45K-$50K
2.4%
$50K-$60K
10.6%
$60K-$75K
8.2%
$75K-$100K
13.0%
$100K-$125K
5.8%
$125K-$150K
2.8%
$150K-$200K
1.3%
$200K+
1.5%

Employment

3.3% Unemployment Rate State: 4.9%|National: 5.2%
55.0% Labor Force Participation

Housing Overview

Owner 65.8%
Renter 34.2%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $603/mo 18.8% of median household income annually

People & Demographics

Diversity Index

10out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 51 | National average: 61

Education

Caraway Rankings in Arkansas

#206 Population of 614
#406 Median Income of 526
#434 Education of 614
#390 Home Value of 524

Other Cities in Craighead County

CityPopulationMedian IncomePovertyHome Value
Jonesboro 80,137 $55,424 22.8% $223,200
Brookland 4,377 $57,308 12.5% $169,200
Bono 2,657 $56,098 17.1% $162,100
Lake City 2,531 $60,273 12.3% $152,000
Bay 2,333 $59,769 14.8% $118,400
Monette 1,251 $54,167 10.3% $114,200
Cash 278 $49,500 37.7% $90,300
Black Oak 179 $54,643 22.6% $68,400
Egypt 57 $28,750 35.1% $75,000
Bowman 30 N/A 0.0% N/A

Cities Similar to Caraway

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
McAlmont1,088$34,696$209,90024.0%34.2%
Cotter1,063$35,792$193,10016.1%13.0%
East Camden1,026$37,500$110,40013.6%6.6%
Waldo1,144$40,500$61,8004.9%23.7%
Foreman1,044$42,083$95,1006.6%17.1%

Population Overview

Caraway is a small community located in Arkansas, within Craighead County. The total population is 1,087. It ranks as the 206th most populous out of 614 Census-designated places in Arkansas.

Age Demographics

The median age in Caraway is 32.7 years. This is 15% lower than the state median of 38.5 years.

Economy, Income & Housing

The median household income in Caraway is $38,558. This is 37% lower than the state median of $60,773. It is also 52% lower than the national median of $80,734. The poverty rate stands at 19.5%. This is 22% higher than the state poverty rate of 16.0%. The unemployment rate is 3.3%. This is 33% lower than the state rate of 4.9%. The median home value is $85,900. Housing costs are 54% lower than the state median of $188,000. With a home-value-to-income ratio of just 2.2x, Caraway is one of the most affordable housing markets in the area. 65.8% of occupied housing units are owner-occupied.

Race & Ethnicity

Caraway has a predominantly White (non-Hispanic) population, comprising 95.0% of all residents. Hispanic or Latino residents account for 0.8%. The Hispanic or Latino population (0.8%) is well below the state average of 9.0%.

Education

8.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 68% lower than the state rate of 25.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.6%.

Data Sources & Methodology

All demographic data for Caraway, Arkansas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Arkansas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 614 Census-designated places in Arkansas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Caraway, Arkansas?

Caraway, Arkansas has a population of 1,087 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Caraway, AR?

The median household income in Caraway is $38,558, which is 52% lower than the national median of $80,734.

What is the poverty rate in Caraway, AR?

The poverty rate in Caraway is 19.5%. This means approximately 211 residents live below the federal poverty line.

What is the racial makeup of Caraway, Arkansas?

Caraway's population is 95.0% White, 0.0% Black, 0.8% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Caraway, AR?

The median home value in Caraway is $85,900. The home-value-to-income ratio is 2.2x.

How educated is Caraway, Arkansas?

8.3% of adults (25+) in Caraway hold a bachelor's degree or higher, and 2.5% hold a graduate or professional degree.