Wealth Index
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 | Bella Vista | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,004 | $58,772 | $78,145 |
| Median Personal Income | $68,833 | $49,808 | $61,726 |
| Average income growth | 5.6% | 4.7% | 5.1% |
| Six-Figure Earners | 15.6% | 7.6% | 13.2% |
The median household income in Bella Vista is about 57% higher than in Arkansas. Income has been growing faster in Bella Vista (5.6%/yr) than in Arkansas (4.7%/yr).
About 16% of adults in Bella Vista earn six figures ($100,000 or more) a year, higher than the Arkansas average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bella Vista, Arkansas grew by 56.6% from 2009 to 2023, reaching $92,004 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Bella Vista | Gender Pay Gap | Gini Coefficient
| Metric | Bella Vista | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.556 | 0.570 |
| Male Median Income | $83,671 | $55,368 | $67,746 |
| Female Median Income | $57,049 | $44,548 | $54,793 |
| Gender Pay Gap | 31.8% | 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 Bella Vista, it is 0.517, 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 47% more than women's income in Bella Vista, Arkansas. Over a 35-year career, a 47% wage gap accumulates to roughly $931,770 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bella Vista, Arkansas has widened from about 25% to 32% in 2023. In dollar terms, the gap has widened by $13,733 since 2009.
Employment
| Metric | Bella Vista | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 18.2% | 7.8% | 13.4% |
| Commute time (minutes) | 25 | 18 | 22 |
Approximately 439 people are unemployed in Bella Vista, Arkansas.
The average commute time in Bella Vista is 25 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bella Vista, Arkansas has fallen from 3.9% to 3.8% in 2023.
Conclusion
Considering all these factors, Bella Vista, Arkansas has an overall wealth index grade of B, making it notably better than Arkansas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bella Vista, Arkansas.
How Rich Is Bella Vista, Arkansas?
Bella Vista has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $92,004, about 57% higher than the Arkansas average of $58,772.
What is the current median household income in Bella Vista, Arkansas?
As of 2023, the median household income in Bella Vista, Arkansas is $92,004.
What was the median household income in Bella Vista in 2023?
In 2023, the median household income in Bella Vista, Arkansas was $92,004.
What was the median household income in Bella Vista in 2020?
In 2020, the median household income in Bella Vista, Arkansas was $76,115.
What is the Gini coefficient in Bella Vista, Arkansas?
The Gini coefficient in Bella Vista is 0.517. 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 Bella Vista, Arkansas?
Since 2009, the income gap between men and women in Bella Vista, Arkansas has widened from about 25% to 32% in 2023. In dollar terms, the gap has widened by $13,733 since 2009.