Quick facts: Marianna, AR

Quick Facts

92.7
Cost of Living
below US average
3,432
Population
53.61
Crime Rate per 1000
above US average
$21,057
Median Income
below US average
$139,900
Median House Price
above US average
$1228
Average Rent
below US average
20%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $21,057.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $21,057
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $21,057
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marianna, AR

Marianna is a small city located in the eastern part of Arkansas, situated in Lee County. With a rich history rooted in agriculture and commerce, Marianna is known for its friendly community and southern charm. The city is strategically located near the Mississippi River, allowing for trade and transport. Marianna's economy primarily revolves around agriculture, with cotton, soybeans, and rice being significant crops in the region. The city also benefits from local businesses and a focus on community development. The area offers a variety of recreational opportunities, with parks and outdoor activities available for residents and visitors. The nearby St. Francis National Forest provides beautiful landscapes, hiking, and wildlife viewing. Culturally, Marianna holds events throughout the year that celebrate its heritage, making it a tight-knit community. With a population of around 8,000 people, Marianna provides a peaceful lifestyle while being a short drive from larger cities like Helena-West Helena and Little Rock, which offer more extensive amenities and services. Overall, Marianna embodies the essence of small-town Arkansas living.

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