Quick facts: Piggott, AR

Quick Facts

92.7
Cost of Living
below US average
3,545
Population
19.46
Crime Rate per 1000
below US average
$43,255
Median Income
below US average
$129,900
Median House Price
above US average
$1228
Average Rent
below US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $43,255.

🏠

Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $129,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($43,255) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $43,255
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Piggott, AR

Piggott is a charming small town located in Clay County, Arkansas, with a population of around 3,700 residents. Nestled in the scenic landscape of the Arkansas Delta, Piggott is known for its rich history and community spirit. The town is home to a number of historic sites, including the Piggott Depot, which showcases the region’s railroad history, and the Hemingway-Pfeiffer Museum, where the renowned author Ernest Hemingway penned parts of his work. Outdoor enthusiasts can enjoy the natural beauty surrounding Piggott, with access to parks and nearby rivers perfect for fishing and boating. The town hosts various local events and festivals that celebrate its culture and heritage, fostering a strong sense of community among residents. The local economy is primarily driven by agriculture, retail, and small businesses. Piggott’s schools are part of the Piggott School District, offering quality education to its students. With its friendly atmosphere and a close-knit community, Piggott, AR, is an inviting place for both residents and visitors alike.

πŸ” Search & Compare Places

First Location πŸ“