Wealth Index
Among the top 5 wealthiest counties in Arkansas
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 | Pulaski County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,444 | $58,772 | $78,145 |
| Median Personal Income | $53,737 | $49,808 | $61,726 |
| Average income growth | 3.6% | 4.7% | 5.1% |
| Six-Figure Earners | 10.2% | 7.6% | 13.2% |
The median household income in Pulaski County is about 3% higher than in Arkansas. Income has been growing slower in Pulaski County (3.6%/yr) than in Arkansas (4.7%/yr).
About 10% of adults in Pulaski County earn six figures ($100,000 or more) a year, higher than the Arkansas average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Pulaski County, Arkansas grew by 36.2% from 2009 to 2023, reaching $60,444 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Pulaski County | Gender Pay Gap | Gini Coefficient
| Metric | Pulaski County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.556 | 0.570 |
| Male Median Income | $58,339 | $55,368 | $67,746 |
| Female Median Income | $49,746 | $44,548 | $54,793 |
| Gender Pay Gap | 14.7% | 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 Pulaski County, it is 0.554, 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 17% more than women's income in Pulaski County, Arkansas. Over a 35-year career, a 17% wage gap accumulates to roughly $300,755 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pulaski County, Arkansas has narrowed from about 22% to 15% in 2023. In dollar terms, the gap has narrowed by $786 since 2009.
Employment
| Metric | Pulaski County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.1% | 5.2% |
| Working from Home | 10.3% | 7.8% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 9,608 people are unemployed in Pulaski County, Arkansas.
The average commute time in Pulaski County is 18 minutes, about the same as in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pulaski County, Arkansas has fallen from 8.0% to 4.9% in 2023.
Conclusion
Considering all these factors, Pulaski County, Arkansas has an overall wealth index grade of C, making it somewhat better than Arkansas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pulaski County, Arkansas.
How Rich Is Pulaski County, Arkansas?
Pulaski County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $60,444, about 3% higher than the Arkansas average of $58,772.
What is the current median household income in Pulaski County, Arkansas?
As of 2023, the median household income in Pulaski County, Arkansas is $60,444.
What was the median household income in Pulaski County in 2023?
In 2023, the median household income in Pulaski County, Arkansas was $60,444.
What was the median household income in Pulaski County in 2020?
In 2020, the median household income in Pulaski County, Arkansas was $53,289.
What is the Gini coefficient in Pulaski County, Arkansas?
The Gini coefficient in Pulaski County is 0.554. 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 Pulaski County, Arkansas?
Since 2009, the income gap between men and women in Pulaski County, Arkansas has narrowed from about 22% to 15% in 2023. In dollar terms, the gap has narrowed by $786 since 2009.