Conway, Arkansas Income Statistics
Conway Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Conway Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Conway | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,828 | $60,940 | $80,455 |
| Median Personal Income | $46,842 | $49,255 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 7.6% | 8.0% | 13.9% |
| $200k+ Households | 7.9% | 6.7% | 13.2% |
The median household income in Conway is about 1% higher than in Arkansas. Income has been growing slower in Conway (4.3%/yr) than in Arkansas (4.6%/yr).
About 8% of adults in Conway earn six figures ($100,000 or more) a year, about the same as the Arkansas average of 8%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Conway, Arkansas grew by 55.2% from 2009 to 2024, reaching $61,828 in 2024. That's an average of about 4.3% per year.
Conway has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2013, at 13% lower. The gap has held fairly steady over the period.
Income Distribution in Conway
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 5,911 households (26.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 27.5% of households in Conway had an income under $35,000 and 13.3% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Conway has a larger share of households earning $25,000 to $34,999 (10.4% vs 6.7%) and a smaller share earning $200,000 or more (7.9% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,632 | 7.4% | 5.1% |
| $10,000 to $14,999 | 918 | 4.1% | 3.5% |
| $15,000 to $24,999 | 1,250 | 5.6% | 6.4% |
| $25,000 to $34,999 | 2,298 | 10.4% | 6.7% |
| $35,000 to $49,999 | 2,886 | 13.0% | 10.1% |
| $50,000 to $74,999 | 4,212 | 19.0% | 15.5% |
| $75,000 to $99,999 | 3,049 | 13.8% | 12.6% |
| $100,000 to $149,999 | 2,967 | 13.4% | 17.4% |
| $150,000 to $199,999 | 1,191 | 5.4% | 9.5% |
| $200,000 or more | 1,753 | 7.9% | 13.2% |
Shares are of all 22,157 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 3,583 residents (7.6% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 9.2% of residents who have any income.
In 2024, 17.3% of Conway residents aged 15 and over reported no personal income, 31.0% had some income but less than $25,000, and 13.9% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Conway has a larger share of residents with no personal income (17.3% vs 12.8%) and a smaller share earning $100,000 or more (7.6% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 8,153 | 17.3% | 12.8% |
| $1 to $9,999 | 6,302 | 13.4% | 11.2% |
| $10,000 to $14,999 | 3,536 | 7.5% | 7.0% |
| $15,000 to $24,999 | 4,770 | 10.1% | 10.5% |
| $25,000 to $34,999 | 5,386 | 11.4% | 9.5% |
| $35,000 to $49,999 | 5,739 | 12.2% | 12.6% |
| $50,000 to $74,999 | 6,615 | 14.1% | 14.3% |
| $75,000 to $99,999 | 2,964 | 6.3% | 8.2% |
| $100,000 or more | 3,583 | 7.6% | 13.9% |
Shares are of the 47,050 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 17.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Conway
| Metric | Conway | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.551 | 0.552 |
| Male Median Income | $52,187 | $57,045 | $69,667 |
| Female Median Income | $47,130 | $46,102 | $56,850 |
| Gender Pay Gap | 9.7% | 19.2% | 18.4% |
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 Conway, it is 0.574, higher than Arkansas's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 11% more than women's income in Conway, Arkansas. Over a 35-year career, a 11% wage gap accumulates to roughly $176,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Conway, Arkansas has narrowed from about 31% to 10% in 2024. In dollar terms, the gap has narrowed by $8,648 since 2009.
Employment
| Metric | Conway | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.9% | 5.2% |
| Working from Home | 9.6% | 8.8% | 15.0% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 1,114 people are unemployed in Conway, Arkansas.
The average commute time in Conway is 16 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Conway, Arkansas has fallen from 8.5% to 3.8% in 2024. Over that period the rate fell as low as 3.1% in 2022.
Conway has stayed below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. The gap has widened from 0.2 points in 2011, the closest it has been, to 1.4 points in 2024.
Conclusion
Considering all these factors, Conway, 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 Conway, Arkansas.
How Rich Is Conway, Arkansas?
Conway 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 $61,828, about 1% higher than the Arkansas average of $60,940.
How fast is household income rising in Conway, Arkansas?
Between 2009 and 2024, the median household income in Conway, Arkansas rose 55%, from $39,838 to $61,828. Over the same years, income here lagged behind Arkansas as a whole: +55% against +58%.
What was the median household income in Conway in 2023?
In 2023, the median household income in Conway, Arkansas was $57,651, up 10% from $52,468 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Conway in 2020?
In 2020, the median household income in Conway, Arkansas was $44,981. By 2024 it had risen 37% to $61,828.
How strong is the job market in Conway, Arkansas?
Unemployment in Conway, Arkansas is only 3.8%, well below the Arkansas rate of 4.9%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Conway, Arkansas?
The Gini coefficient in Conway is 0.574. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Conway, Arkansas?
Since 2009, the income gap between men and women in Conway, Arkansas has narrowed from about 31% to 10% in 2024. In dollar terms, the gap has narrowed by $8,648 since 2009.
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