Quick facts: West memphis, AR

Quick Facts

92.7
Cost of Living
below US average
23,795
Population
72.24
Crime Rate per 1000
above US average
$40,904
Median Income
below US average
$155,000
Median House Price
above US average
$1091.67
Average Rent
below US average
19%
Poverty Rate
above US average
5.5%
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 $40,904.

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Income Needed to Buy

βœ— Stretch
$49k/year
Based on $155,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $49k vs median $40,904
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Income Needed to Rent

⚠ Stretch
$47k/year
Based on $1091.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $47k vs median $40,904
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West memphis, AR

West Memphis, Arkansas, is a city located in Crittenden County, directly across the Mississippi River from Memphis, Tennessee. It has a rich historical background, originally founded in the late 19th century as a shipping and railroad hub. Today, the city's economy benefits significantly from its proximity to Memphis, with established industries in transportation, logistics, and manufacturing. West Memphis is home to several attractions, including the Southland Casino Racing, which offers both gaming and live greyhound racing. The city also has a vibrant arts community, showcased in local events and festivals throughout the year. Outdoor enthusiasts can enjoy parks like the stunning Tilden Rodgers Park, which features walking trails, sports facilities, and picnic areas. Education in West Memphis is served by the West Memphis School District, which offers a range of K-12 options. The city also emphasizes community involvement, with various organizations working to improve local quality of life. With its blend of entertainment, culture, and economic opportunity, West Memphis remains an essential part of the Greater Memphis metropolitan area.

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