Key Economic Benchmarks
Median Household Income
$39,045$3,254 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Chicot County, AR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Chicot County, AR
Official FY2026 HUD Fair Market Rents for Chicot County, AR. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $630 | $7,560 | $25,200 | 19.4% |
| 1-Bedroom Apartment | $671 | $8,052 | $26,840 | 20.6% |
| 2-Bedroom ApartmentBenchmark | $880 | $10,560 | $35,200 | 27% |
| 3-Bedroom Home | $1,150 | $13,800 | $46,000 | 35.3% |
| 4-Bedroom Home | $1,282 | $15,384 | $51,280 | 39.4% |
50/30/20 Living Budget in Chicot County, AR
Based on the local median household income of $39,045/year ($3,254/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Arkansas
Explore net income after federal income tax, FICA, and Arkansas state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Arkansas with official federal datasets:
Frequently Asked Questions About Living in Chicot County, AR
What is the median household income in Chicot County, AR?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Chicot County, AR is $39,045 per year (approximately $3,254 per month).
What is the average rent in Chicot County, AR?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Chicot County, AR are $630 for a studio, $671 for 1 bedroom, $880 for 2 bedrooms, $1,150 for 3 bedrooms, and $1,282 for 4 bedrooms.
How does the cost of living in Chicot County, AR compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Chicot County, AR is 86.9 (13.1% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Chicot County, AR?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($880/month) in Chicot County, AR requires a minimum gross household income of $35,200 per year ($2,933 per month).
What is a balanced 50/30/20 monthly budget in Chicot County, AR?
For a typical household earning the median income of $39,045/year ($3,254/month) in Chicot County, AR, a balanced 50/30/20 budget allocates $1,627/month to essential needs (rent, utilities, groceries), $976/month to discretionary spending, and $651/month to savings and debt repayment.
What are typical electricity and utility costs in Chicot County, AR?
Residential electricity rates in Arkansas average 14.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $127 per month.