Nevada County, Arkansas Income Statistics
Nevada 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
Nevada County Well below averageLess wealthy than 78% of counties in Arkansas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,239 | $60,940 | $80,455 |
| Median Personal Income | $40,155 | $49,255 | $60,758 |
| Average Yearly Income Growth | 7.7% | 4.6% | 4.8% |
| Six-Figure Earners | 3.1% | 8.0% | 13.9% |
| $200k+ Households | 2.2% | 6.7% | 13.2% |
The median household income in Nevada County is about 11% lower than in Arkansas. Income has been growing faster in Nevada County (7.7%/yr) than in Arkansas (4.6%/yr).
About 3% of adults in Nevada 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 Nevada County, Arkansas grew by 65.5% from 2009 to 2024, reaching $54,239 in 2024. That's an average of about 7.7% per year.
Income Inequality and the Gender Pay Gap in Nevada County
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.551 | 0.552 |
| Male Median Income | $51,912 | $57,045 | $69,667 |
| Female Median Income | $39,595 | $46,102 | $56,850 |
| Gender Pay Gap | 23.7% | 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 Nevada County, it is 0.506, lower than Arkansas's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Nevada County, Arkansas. Over a 35-year career, a 31% wage gap accumulates to roughly $431,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Nevada County, Arkansas has widened from about 19% to 24% in 2024. Over that period the gap was widest at 41% in 2014, and was narrowest at 7% in 2022. In dollar terms, the gap has widened by $5,921 since 2009.
Sharply against the trend: the pay gap in Nevada County widened by 4.6 points while Arkansas's narrowed by 4.6 points.
Employment
| Metric | Nevada County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.9% | 5.2% |
| Working from Home | 0.9% | 8.8% | 15.0% |
| Commute time (minutes) | 22 | 18 | 22 |
Approximately 160 people are unemployed in Nevada County, Arkansas.
The average commute time in Nevada County is 22 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Nevada County, Arkansas has fallen from 14.2% to 4.6% in 2024. Over that period the rate peaked at 14.6% in 2012.
Nevada County, AR Wealth Compared With Nearby Counties
Nevada County, AR is the 5th largest of the 6 counties compared here, 8,159 residents against a local median of 21,125. Nevada County, AR's income growth, at 7.7%/yr, runs 66% above the 4.6%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves sit within 1.8%/yr of each other on income growth, a tighter band than the gap between any of them and Nevada County, AR, which makes it a genuine outlier here rather than one end of a wide local spread. Nevada County, AR has the highest income growth 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. |
|---|---|---|---|---|---|
| Nevada County, AR | 8,159 | $54,239 #1/6 | 7.7%/yr #1/6 | 4.6% #3/6 | 0.506 #1/6 |
| Hempstead County, AR | 19,508 | $47,075 | 4.3%/yr | 5.6% | 0.549 |
| Clark County, AR | 21,125 | $51,661 | 4.9%/yr | 3.8% | 0.577 |
| Ouachita County, AR | 22,085 | $48,857 | 5.9%/yr | 5.2% | 0.547 |
| Columbia County, AR | 22,349 | $52,232 | 4.6%/yr | 3.2% | 0.581 |
| Lafayette County, AR | 6,108 | $41,161 | 4.1%/yr | 5.3% | 0.554 |
Conclusion
Considering all these factors, Nevada County, Arkansas has an overall wealth index grade of D, making it somewhat worse than Arkansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Nevada County, Arkansas.
How Rich Is Nevada County, Arkansas?
Nevada 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 $54,239, about 11% lower than the Arkansas average of $60,940.
Are incomes growing in Nevada County, Arkansas?
Between 2009 and 2024, the median household income in Nevada County, Arkansas rose 65%, from $32,774 to $54,239. Over the same years, income here outpaced Arkansas as a whole: +65% against +58%.
What was the median household income in Nevada County in 2023?
In 2023, the median household income in Nevada County, Arkansas was $42,534, down 1% from $43,000 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Nevada County in 2020?
In 2020, the median household income in Nevada County, Arkansas was $39,942. By 2024 it had risen 36% to $54,239.
What is the Gini coefficient in Nevada County, Arkansas?
The Gini coefficient in Nevada County is 0.506. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Nevada County, Arkansas?
Since 2009, the income gap between men and women in Nevada County, Arkansas has widened from about 19% to 24% in 2024. Over that period the gap was widest at 41% in 2014, and was narrowest at 7% in 2022. In dollar terms, the gap has widened by $5,921 since 2009.
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