Quick facts: Moro, AR

Quick Facts

92.7
Cost of Living
below US average
173
Population
17.34
Crime Rate per 1000
below US average
$52,188
Median Income
below US average
$39,000
Median House Price
above US average
$1228
Average Rent
below US average
20%
Poverty Rate
above US average
7.2%
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 $52,188.

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Income Needed to Buy

βœ“ Affordable
$12k/year
Based on $39,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,188) exceeds requirement
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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 $52,188
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Moro, AR

Moro is a small town located in the eastern part of Arkansas, within the St. Francis County. It has a rich agricultural history and is surrounded by vast fields and farmlands. The town is characterized by its friendly community and small-town charm. Moro is near the larger city of Forrest City, which offers additional amenities and resources. The area is known for its proximity to the Mississippi River and features a landscape dotted with timberland and agricultural fields. The population is relatively small, providing a tight-knit community feel where residents often engage in local events and festivities. The town offers basic amenities, including local shops and services. The surrounding region includes opportunities for outdoor activities like hunting and fishing, with a generally mild climate that allows for various agricultural pursuits. The area’s history is reflected in its buildings and community events, providing a glimpse into the rural lifestyle of Arkansas. Overall, Moro exemplifies the serene pace of life found in rural America.

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