Quick facts: Dermott, AR

Quick Facts

92.7
Cost of Living
below US average
2,577
Population
13.19
Crime Rate per 1000
below US average
$23,537
Median Income
below US average
$3,750
Median House Price
above US average
$950.0
Average Rent
below US average
20%
Poverty Rate
above US average
5.0%
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 $23,537.

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Income Needed to Buy

βœ“ Affordable
$1k/year
Based on $3,750 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($23,537) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$41k/year
Based on $950.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $41k vs median $23,537
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dermott, AR

Dermott is a small city located in the southeastern part of Arkansas, primarily within Chicot County. As of the last census, the population is modest, reflecting its rural character. Founded in the late 19th century, Dermott has a rich history tied to agriculture and the timber industry, which has influenced its development. The city is known for its picturesque landscapes and friendly community atmosphere. Local attractions include parks and recreational areas that offer space for outdoor activities and family gatherings. Dermott also hosts various community events throughout the year, fostering a sense of local pride and engagement. Economically, Dermott's primary industries include agriculture and small businesses, typical of many small towns in the region. The area is surrounded by fertile farmland, making it a hub for various crops. Education in Dermott is served by the Dermott School District, which is committed to providing quality education for its students. The city's close-knit community and accessible amenities make it an ideal location for those seeking a quieter lifestyle with a touch of Southern charm.

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