Quick facts: Crossett, AR

Quick Facts

92.7
Cost of Living
below US average
4,613
Population
47.04
Crime Rate per 1000
above US average
$41,250
Median Income
below US average
$121,600
Median House Price
above US average
$1228
Average Rent
below US average
19%
Poverty Rate
above US average
5.1%
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 $41,250.

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Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $121,600 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,250) 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 $41,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Crossett, AR

Crossett is a small city located in Ashley County, Arkansas. With a population of approximately 4,500 residents, it plays a significant role in the local timber and paper industry, reflecting its historical roots as a mill town. Situated near the border of Louisiana, Crossett offers a blend of Southern charm and rural lifestyle, surrounded by lush forests and the scenic Saline River. The city features a range of amenities including parks, local shops, and community events that foster a strong sense of belonging among residents. Notable attractions include the Crossett City Park, which provides recreational opportunities such as walking trails, sports facilities, and picnic areas. The nearby Felsenthal National Wildlife Refuge is a prime spot for nature enthusiasts looking to explore wildlife and enjoy outdoor activities like bird-watching and fishing. Crossett is also known for its rich cultural heritage, celebrated through various local festivals and events that highlight the area's traditions. Overall, Crossett presents a unique blend of industry, community spirit, and natural beauty, making it a distinctive place to live and visit in Arkansas.

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