Caraway is located in Craighead county Arkansas with a geographic area of 2.3 square miles. The total population in Caraway is 1,219 with 49.0% male and 51.0% female. Children under age 5 represent 4.0% of the population, under age 18 equal 26.2% of the population and over age 65 is 18.0% of the population. The median household income is $47,625, per capita income is $21,434. There are a total of 488 housing units with 65.6% owner occupied. Education includes 41.8% of residents that are high school graduates and 12.1% with a bachelor's degree or higher. The average temperature in Caraway in the summer is 78 degrees, and in the winter 37 degrees.