Montgomery County, Arkansas Income Statistics
Montgomery County Wealth Score
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.
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D
Montgomery County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,362 | $60,940 | $80,455 |
| Median Personal Income | $44,011 | $49,255 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 5.7% | 8.0% | 13.9% |
| $200k+ Households | 4.7% | 6.7% | 13.2% |
The median household income in Montgomery County is about 21% lower than in Arkansas. Income has been growing slower in Montgomery County (4.3%/yr) than in Arkansas (4.6%/yr).
About 6% of adults in Montgomery County earn six figures ($100,000 or more) a year, lower than the Arkansas average of 8%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Montgomery County, Arkansas grew by 32.4% from 2009 to 2024, reaching $48,362 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.551 | 0.552 |
| Male Median Income | $54,861 | $57,045 | $69,667 |
| Female Median Income | $34,552 | $46,102 | $56,850 |
| Gender Pay Gap | 37.0% | 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 Montgomery County, it is 0.552, about the same as Arkansas's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 59% more than women's income in Montgomery County, Arkansas. Over a 35-year career, a 59% wage gap accumulates to roughly $710,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Arkansas has widened from about 34% to 37% in 2024. Over that period the gap was widest at 41% in 2011, and was narrowest at 12% in 2016. In dollar terms, the gap has widened by $8,950 since 2009.
Sharply against the trend: the pay gap in Montgomery County widened by 2.9 points while Arkansas's narrowed by 4.6 points.
Employment
| Metric | Montgomery County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.9% | 5.2% |
| Working from Home | 4.4% | 8.8% | 15.0% |
| Commute time (minutes) | 26 | 18 | 22 |
Approximately 187 people are unemployed in Montgomery County, Arkansas.
The average commute time in Montgomery County is 26 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Arkansas has fallen from 7.0% to 5.8% in 2024. Over that period the rate peaked at 8.7% in 2021 and fell as low as 4.3% in 2015.
Montgomery County, AR Wealth Compared With Nearby Counties
Montgomery County, AR is the smallest of the 6 counties compared here, 8,551 residents against a local median of 12,583. Montgomery County, AR sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is unemployment, 8% above the local median at 5.8% against 5.4%. Montgomery County, AR has the 5th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Montgomery County, AR | 8,551 | $48,362 #4/6 | 4.3%/yr #4/6 | 5.8% #5/6 | 0.552 #4/6 |
| Pike County, AR | 10,113 | $49,507 | 4.6%/yr | 3.9% | 0.562 |
| Garland County, AR | 100,035 | $57,868 | 4.8%/yr | 5.7% | 0.520 |
| Scott County, AR | 9,816 | $43,312 | 2.0%/yr | 6.2% | 0.516 |
| Yell County, AR | 20,123 | $58,169 | 5.1%/yr | 3.4% | 0.509 |
| Howard County, AR | 12,583 | $45,731 | 3.6%/yr | 5.4% | 0.556 |
Conclusion
Considering all these factors, Montgomery 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 Montgomery County, Arkansas.
How Rich Is Montgomery County, Arkansas?
Montgomery 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 $48,362, about 21% lower than the Arkansas average of $60,940.
Are incomes growing in Montgomery County, Arkansas?
Between 2009 and 2024, the median household income in Montgomery County, Arkansas rose 32%, from $36,523 to $48,362. Over the same years, income here lagged behind Arkansas as a whole: +32% against +58%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Arkansas was $48,645, up 4% from $46,845 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Arkansas was $41,091. By 2024 it had risen 18% to $48,362.
What is the Gini coefficient in Montgomery County, Arkansas?
The Gini coefficient in Montgomery County is 0.552. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Montgomery County, Arkansas?
Since 2009, the income gap between men and women in Montgomery County, Arkansas has widened from about 34% to 37% in 2024. Over that period the gap was widest at 41% in 2011, and was narrowest at 12% in 2016. In dollar terms, the gap has widened by $8,950 since 2009.
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