Cost of Living in Caraway, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.4
100 = national avg
-36.6 vs national average
Living Wage (1 Adult)
$27,915
per year
Living Wage (Family of 4)
$65,980
per year
Cost Index by Category
Housing44.9
Food81.8
Transportation63.7
Healthcare85.5
Utilities78.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$870
per month
2 Bedroom
$1,040
per month
The overall cost of living index in Caraway is 63.4, which is 36.6% below the national average. Housing costs are below the national average at an index of 44.9. A single adult needs to earn approximately $27,915 per year to cover basic expenses.