Wealth Index
Wealthier than 78% of counties in Arkansas
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Arkansas County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,115 | $58,772 | $78,145 |
| Median Personal Income | $48,818 | $49,808 | $61,726 |
| Average income growth | 7.5% | 4.7% | 5.1% |
| Six-Figure Earners | 5.4% | 7.6% | 13.2% |
The median household income in Arkansas County is about 4% higher than in Arkansas. Income has been growing faster in Arkansas County (7.5%/yr) than in Arkansas (4.7%/yr).
About 5% of adults in Arkansas County earn six figures ($100,000 or more) a year, lower than the Arkansas average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Arkansas County, Arkansas grew by 67.4% from 2009 to 2023, reaching $61,115 in 2023. That's an average of about 7.5% per year.
Economic Inequality in Arkansas County | Gender Pay Gap | Gini Coefficient
| Metric | Arkansas County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.556 | 0.570 |
| Male Median Income | $55,562 | $55,368 | $67,746 |
| Female Median Income | $39,837 | $44,548 | $54,793 |
| Gender Pay Gap | 28.3% | 19.5% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Arkansas County, it is 0.531, lower than Arkansas's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 39% more than women's income in Arkansas County, Arkansas. Over a 35-year career, a 39% wage gap accumulates to roughly $550,375 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Arkansas County, Arkansas has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $6,556 since 2009.
Employment
| Metric | Arkansas County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 5.1% | 5.2% |
| Working from Home | 1.9% | 7.8% | 13.4% |
| Commute time (minutes) | 12 | 18 | 22 |
Approximately 543 people are unemployed in Arkansas County, Arkansas.
The average commute time in Arkansas County is 12 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Arkansas County, Arkansas has fallen from 7.6% to 6.8% in 2023.
Conclusion
Considering all these factors, Arkansas County, Arkansas has an overall wealth index grade of D, making it about on par with Arkansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Arkansas County, Arkansas.
How Wealthy Is Arkansas County, Arkansas?
Arkansas County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,115, about 4% higher than the Arkansas average of $58,772.
What is the current median household income in Arkansas County, Arkansas?
As of 2023, the median household income in Arkansas County, Arkansas is $61,115.
What was the median household income in Arkansas County in 2023?
In 2023, the median household income in Arkansas County, Arkansas was $61,115.
What was the median household income in Arkansas County in 2020?
In 2020, the median household income in Arkansas County, Arkansas was $51,602.
What is the Gini coefficient in Arkansas County, Arkansas?
The Gini coefficient in Arkansas County is 0.531. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Arkansas County, Arkansas?
Since 2009, the income gap between men and women in Arkansas County, Arkansas has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $6,556 since 2009.