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 | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,540 | $58,772 | $78,145 |
| Median Personal Income | $45,963 | $49,808 | $61,726 |
| Average income growth | 2.7% | 4.7% | 5.1% |
| Six-Figure Earners | 7.1% | 7.6% | 13.2% |
The median household income in Jonesboro is about 14% lower than in Arkansas. Income has been growing slower in Jonesboro (2.7%/yr) than in Arkansas (4.7%/yr).
About 7% of adults in Jonesboro earn six figures ($100,000 or more) a year, about the same as the Arkansas average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Jonesboro, Arkansas grew by 36.0% from 2009 to 2023, reaching $50,540 in 2023. That's an average of about 2.7% per year.
Economic Inequality in Jonesboro | Gender Pay Gap | Gini Coefficient
| Metric | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.555 | 0.556 | 0.570 |
| Male Median Income | $47,959 | $55,368 | $67,746 |
| Female Median Income | $44,516 | $44,548 | $54,793 |
| Gender Pay Gap | 7.2% | 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 Jonesboro, it is 0.555, about the same as Arkansas's 0.556, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Jonesboro, Arkansas. Over a 35-year career, a 8% wage gap accumulates to roughly $120,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jonesboro, Arkansas has narrowed from about 18% to 7% in 2023. In dollar terms, the gap has narrowed by $3,009 since 2009.
Employment
| Metric | Jonesboro | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 5.1% | 5.2% |
| Working from Home | 6.5% | 7.8% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 2,293 people are unemployed in Jonesboro, Arkansas.
The average commute time in Jonesboro is 15 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jonesboro, Arkansas has fallen from 9.7% to 7.6% in 2023.
Conclusion
Considering all these factors, Jonesboro, 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 Jonesboro, Arkansas.
How Rich Is Jonesboro, Arkansas?
Jonesboro 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 $50,540, about 14% lower than the Arkansas average of $58,772.
What is the current median household income in Jonesboro, Arkansas?
As of 2023, the median household income in Jonesboro, Arkansas is $50,540.
What was the median household income in Jonesboro in 2023?
In 2023, the median household income in Jonesboro, Arkansas was $50,540.
What was the median household income in Jonesboro in 2020?
In 2020, the median household income in Jonesboro, Arkansas was $45,886.
What is the Gini coefficient in Jonesboro, Arkansas?
The Gini coefficient in Jonesboro is 0.555. 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 Jonesboro, Arkansas?
Since 2009, the income gap between men and women in Jonesboro, Arkansas has narrowed from about 18% to 7% in 2023. In dollar terms, the gap has narrowed by $3,009 since 2009.