Quick facts: Star city, AR

Quick Facts

92.7
Cost of Living
below US average
2,124
Population
30.6
Crime Rate per 1000
above US average
$58,929
Median Income
below US average
$115,000
Median House Price
above US average
$1228
Average Rent
below US average
19%
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 $58,929.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,929) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,929) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Star city, AR

Star City, located in Lincoln County, Arkansas, is a small but charming city known for its tight-knit community and rich history. With a population of around 2,000 residents, it offers a quaint, rural atmosphere that draws people who appreciate a slower pace of life. Star City is often celebrated for its agricultural roots, particularly in cotton and soybean production, reflecting the broader economic activities of the region. The city features a variety of local businesses, eateries, and parks, making it a pleasant place for both residents and visitors. The annual events and festivals foster community spirit, with opportunities for socializing and enjoying local culture. Star City's location provides easy access to nearby natural attractions, including the scenic landscapes of the Ouachita Mountains. It also serves as a gateway to larger cities like Little Rock, about an hour's drive away, offering residents the benefits of both rural tranquility and urban amenities. Overall, Star City exemplifies the charm of small-town life in the heart of Arkansas.

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