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 | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,999 | $58,772 | $78,145 |
| Median Personal Income | $43,772 | $49,808 | $61,726 |
| Average income growth | 3.7% | 4.7% | 5.1% |
| Six-Figure Earners | 5.2% | 7.6% | 13.2% |
The median household income in Drew County is about 29% lower than in Arkansas. Income has been growing slower in Drew County (3.7%/yr) than in Arkansas (4.7%/yr).
About 5% of adults in Drew 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 Drew County, Arkansas grew by 31.0% from 2009 to 2023, reaching $41,999 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Drew County | Gender Pay Gap | Gini Coefficient
| Metric | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.585 | 0.556 | 0.570 |
| Male Median Income | $44,998 | $55,368 | $67,746 |
| Female Median Income | $41,723 | $44,548 | $54,793 |
| Gender Pay Gap | 7.3% | 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 Drew County, it is 0.585, higher than Arkansas's 0.556, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 8% more than women's income in Drew County, Arkansas. Over a 35-year career, a 8% wage gap accumulates to roughly $114,625 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Drew County, Arkansas has narrowed from about 27% to 7% in 2023. In dollar terms, the gap has narrowed by $7,719 since 2009.
Employment
| Metric | Drew County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.1% | 5.2% |
| Working from Home | 3.1% | 7.8% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 355 people are unemployed in Drew County, Arkansas.
The average commute time in Drew County is 15 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Drew County, Arkansas has fallen from 11.8% to 5.1% in 2023.
Conclusion
Considering all these factors, Drew 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 Drew County, Arkansas.
How Rich Is Drew County, Arkansas?
Drew 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 $41,999, about 29% lower than the Arkansas average of $58,772.
What is the current median household income in Drew County, Arkansas?
As of 2023, the median household income in Drew County, Arkansas is $41,999.
What was the median household income in Drew County in 2023?
In 2023, the median household income in Drew County, Arkansas was $41,999.
What was the median household income in Drew County in 2020?
In 2020, the median household income in Drew County, Arkansas was $42,373.
What is the Gini coefficient in Drew County, Arkansas?
The Gini coefficient in Drew County is 0.585. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Drew County, Arkansas?
Since 2009, the income gap between men and women in Drew County, Arkansas has narrowed from about 27% to 7% in 2023. In dollar terms, the gap has narrowed by $7,719 since 2009.