Paragould, Arkansas Income Statistics
Paragould 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
Paragould Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,510 | $60,940 | $80,455 |
| Median Personal Income | $44,450 | $49,255 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 5.1% | 8.0% | 13.9% |
| $200k+ Households | 3.6% | 6.7% | 13.2% |
The median household income in Paragould is about 7% lower than in Arkansas. Income has been growing slower in Paragould (4.2%/yr) than in Arkansas (4.6%/yr).
About 5% of adults in Paragould 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 Paragould, Arkansas grew by 52.8% from 2009 to 2024, reaching $56,510 in 2024. That's an average of about 4.2% per year.
Paragould has been far below the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2020, its income was 26% lower. The gap has widened from 28% in 2009 to 30% in 2024.
Income Distribution in Paragould
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 1,951 households (20.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 31.9% of households in Paragould had an income under $35,000 and 8.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Paragould has a larger share of households earning $50,000 to $74,999 (21.2% vs 15.5%) and a smaller share earning $200,000 or more (3.6% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 756 | 7.8% | 5.1% |
| $10,000 to $14,999 | 342 | 3.5% | 3.5% |
| $15,000 to $24,999 | 831 | 8.6% | 6.4% |
| $25,000 to $34,999 | 1,159 | 12.0% | 6.7% |
| $35,000 to $49,999 | 1,159 | 12.0% | 10.1% |
| $50,000 to $74,999 | 2,055 | 21.2% | 15.5% |
| $75,000 to $99,999 | 1,420 | 14.7% | 12.6% |
| $100,000 to $149,999 | 1,122 | 11.6% | 17.4% |
| $150,000 to $199,999 | 482 | 5.0% | 9.5% |
| $200,000 or more | 347 | 3.6% | 13.2% |
Shares are of all 9,673 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 1,020 residents (5.1% 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 5.9% of residents who have any income.
In 2024, 13.6% of Paragould residents aged 15 and over reported no personal income, 35.3% had some income but less than $25,000, and 10.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Paragould has a larger share of residents earning $25,000 to $34,999 (14.3% vs 9.5%) and a smaller share earning $100,000 or more (5.1% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,714 | 13.6% | 12.8% |
| $1 to $9,999 | 2,874 | 14.4% | 11.2% |
| $10,000 to $14,999 | 1,416 | 7.1% | 7.0% |
| $15,000 to $24,999 | 2,749 | 13.8% | 10.5% |
| $25,000 to $34,999 | 2,844 | 14.3% | 9.5% |
| $35,000 to $49,999 | 2,485 | 12.5% | 12.6% |
| $50,000 to $74,999 | 2,727 | 13.7% | 14.3% |
| $75,000 to $99,999 | 1,103 | 5.5% | 8.2% |
| $100,000 or more | 1,020 | 5.1% | 13.9% |
Shares are of the 19,931 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 13.6% 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 Paragould
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.551 | 0.552 |
| Male Median Income | $53,538 | $57,045 | $69,667 |
| Female Median Income | $39,500 | $46,102 | $56,850 |
| Gender Pay Gap | 26.2% | 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 Paragould, it is 0.543, 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 36% more than women's income in Paragould, Arkansas. Over a 35-year career, a 36% wage gap accumulates to roughly $491,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Paragould, Arkansas has widened from about 21% to 26% in 2024. Over that period the gap was narrowest at 15% in 2013. In dollar terms, the gap has widened by $6,755 since 2009.
Sharply against the trend: the pay gap in Paragould widened by 4.9 points while Arkansas's narrowed by 4.6 points.
Employment
| Metric | Paragould | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 4.9% | 5.2% |
| Working from Home | 4.1% | 8.8% | 15.0% |
| Commute time (minutes) | 13 | 18 | 22 |
Approximately 768 people are unemployed in Paragould, Arkansas.
The average commute time in Paragould is 13 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Paragould, Arkansas has fallen from 7.2% to 6.6% in 2024. Over that period the rate peaked at 9.6% in 2013 and fell as low as 6.0% in 2018.
Paragould has crossed the U.S. unemployment rate 3 times since 2011, most recently moving above it by 2018. In 2024 its rate was 1.4 points higher.
Conclusion
Considering all these factors, Paragould, 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 Paragould, Arkansas.
How Rich Is Paragould, Arkansas?
Paragould 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 $56,510, about 7% lower than the Arkansas average of $60,940.
How fast is household income rising in Paragould, Arkansas?
Between 2009 and 2024, the median household income in Paragould, Arkansas rose 53%, from $36,971 to $56,510. Over the same years, income here lagged behind Arkansas as a whole: +53% against +58%.
What was the median household income in Paragould in 2023?
In 2023, the median household income in Paragould, Arkansas was $55,248, up 2% from $54,385 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Paragould in 2020?
In 2020, the median household income in Paragould, Arkansas was $48,260. By 2024 it had risen 17% to $56,510.
Is unemployment high in Paragould, Arkansas?
Unemployment in Paragould, Arkansas is 6.6%, well above the Arkansas rate of 4.9%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Paragould, Arkansas?
The Gini coefficient in Paragould is 0.543. 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 Paragould, Arkansas?
Since 2009, the income gap between men and women in Paragould, Arkansas has widened from about 21% to 26% in 2024. Over that period the gap was narrowest at 15% in 2013. In dollar terms, the gap has widened by $6,755 since 2009.
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