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 | Bradley County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $39,760 | $58,772 | $78,145 |
| Median Personal Income | $48,494 | $49,808 | $61,726 |
| Average income growth | 2.1% | 4.7% | 5.1% |
| Six-Figure Earners | 4.9% | 7.6% | 13.2% |
The median household income in Bradley County is about 32% lower than in Arkansas. Income has been growing slower in Bradley County (2.1%/yr) than in Arkansas (4.7%/yr).
About 5% of adults in Bradley 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 Bradley County, Arkansas grew by 49.8% from 2009 to 2023, reaching $39,760 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Bradley County | Gender Pay Gap | Gini Coefficient
| Metric | Bradley County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.556 | 0.570 |
| Male Median Income | $56,316 | $55,368 | $67,746 |
| Female Median Income | $39,176 | $44,548 | $54,793 |
| Gender Pay Gap | 30.4% | 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 Bradley County, it is 0.571, higher than Arkansas's 0.556, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 44% more than women's income in Bradley County, Arkansas. Over a 35-year career, a 44% wage gap accumulates to roughly $599,900 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bradley County, Arkansas has widened from about 28% to 30% in 2023. In dollar terms, the gap has widened by $8,300 since 2009.
Employment
| Metric | Bradley County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.1% | 5.2% |
| Working from Home | 1.5% | 7.8% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 175 people are unemployed in Bradley County, Arkansas.
The average commute time in Bradley County is 15 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bradley County, Arkansas has fallen from 6.7% to 4.4% in 2023.
Conclusion
Considering all these factors, Bradley 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 Bradley County, Arkansas.
How Rich Is Bradley County, Arkansas?
Bradley 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 $39,760, about 32% lower than the Arkansas average of $58,772.
What is the current median household income in Bradley County, Arkansas?
As of 2023, the median household income in Bradley County, Arkansas is $39,760.
What was the median household income in Bradley County in 2023?
In 2023, the median household income in Bradley County, Arkansas was $39,760.
What was the median household income in Bradley County in 2020?
In 2020, the median household income in Bradley County, Arkansas was $42,161.
What is the Gini coefficient in Bradley County, Arkansas?
The Gini coefficient in Bradley County is 0.571. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Bradley County, Arkansas?
Since 2009, the income gap between men and women in Bradley County, Arkansas has widened from about 28% to 30% in 2023. In dollar terms, the gap has widened by $8,300 since 2009.