Wealth Index
Among the top 3 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 | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,485 | $58,772 | $78,145 |
| Median Personal Income | $57,456 | $49,808 | $61,726 |
| Average income growth | 4.0% | 4.7% | 5.1% |
| Six-Figure Earners | 9.8% | 7.6% | 13.2% |
The median household income in Saline County is about 30% higher than in Arkansas. Income has been growing slower in Saline County (4.0%/yr) than in Arkansas (4.7%/yr).
About 10% of adults in Saline 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 Saline County, Arkansas grew by 49.2% from 2009 to 2023, reaching $76,485 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Saline County | Gender Pay Gap | Gini Coefficient
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.556 | 0.570 |
| Male Median Income | $65,917 | $55,368 | $67,746 |
| Female Median Income | $49,196 | $44,548 | $54,793 |
| Gender Pay Gap | 25.4% | 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 Saline County, it is 0.512, lower than Arkansas's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in Saline County, Arkansas. Over a 35-year career, a 34% wage gap accumulates to roughly $585,235 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Saline County, Arkansas has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $5,900 since 2009.
Employment
| Metric | Saline County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 8.8% | 7.8% | 13.4% |
| Commute time (minutes) | 25 | 18 | 22 |
Approximately 2,393 people are unemployed in Saline County, Arkansas.
The average commute time in Saline County is 25 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saline County, Arkansas has fallen from 6.2% to 3.8% in 2023.
Conclusion
Considering all these factors, Saline County, Arkansas has an overall wealth index grade of B, making it somewhat better than Arkansas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Saline County, Arkansas.
How Rich Is Saline County, Arkansas?
Saline County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $76,485, about 30% higher than the Arkansas average of $58,772.
What is the current median household income in Saline County, Arkansas?
As of 2023, the median household income in Saline County, Arkansas is $76,485.
What was the median household income in Saline County in 2023?
In 2023, the median household income in Saline County, Arkansas was $76,485.
What was the median household income in Saline County in 2020?
In 2020, the median household income in Saline County, Arkansas was $66,975.
What is the Gini coefficient in Saline County, Arkansas?
The Gini coefficient in Saline County is 0.512. 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 Saline County, Arkansas?
The income gap between men and women in Saline County, Arkansas has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $5,900 since 2009.