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 | Perry County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,082 | $58,772 | $78,145 |
| Median Personal Income | $54,340 | $49,808 | $61,726 |
| Average income growth | 4.1% | 4.7% | 5.1% |
| Six-Figure Earners | 6.0% | 7.6% | 13.2% |
The median household income in Perry County is about 2% higher than in Arkansas. Income has been growing slower in Perry County (4.1%/yr) than in Arkansas (4.7%/yr).
About 6% of adults in Perry 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 Perry County, Arkansas grew by 33.9% from 2009 to 2023, reaching $60,082 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Perry County | Gender Pay Gap | Gini Coefficient
| Metric | Perry County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.556 | 0.570 |
| Male Median Income | $62,648 | $55,368 | $67,746 |
| Female Median Income | $47,562 | $44,548 | $54,793 |
| Gender Pay Gap | 24.1% | 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 Perry County, it is 0.557, 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 32% more than women's income in Perry County, Arkansas. Over a 35-year career, a 32% wage gap accumulates to roughly $528,010 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Perry County, Arkansas has narrowed from about 31% to 24% in 2023. In dollar terms, the gap has widened by $1,619 since 2009.
Employment
| Metric | Perry County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.1% | 5.2% |
| Working from Home | 6.2% | 7.8% | 13.4% |
| Commute time (minutes) | 32 | 18 | 22 |
Approximately 185 people are unemployed in Perry County, Arkansas.
The average commute time in Perry County is 32 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Perry County, Arkansas has fallen from 5.1% to 4.5% in 2023.
Conclusion
Considering all these factors, Perry 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 Perry County, Arkansas.
How Rich Is Perry County, Arkansas?
Perry 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 $60,082, about 2% higher than the Arkansas average of $58,772.
What is the current median household income in Perry County, Arkansas?
As of 2023, the median household income in Perry County, Arkansas is $60,082.
What was the median household income in Perry County in 2023?
In 2023, the median household income in Perry County, Arkansas was $60,082.
What was the median household income in Perry County in 2020?
In 2020, the median household income in Perry County, Arkansas was $44,923.
What is the Gini coefficient in Perry County, Arkansas?
The Gini coefficient in Perry County is 0.557. 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 Perry County, Arkansas?
Since 2009, the income gap between men and women in Perry County, Arkansas has narrowed from about 31% to 24% in 2023. In dollar terms, the gap has widened by $1,619 since 2009.