Wealth Index
Among the 3 least wealthy 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 | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,323 | $58,772 | $78,145 |
| Median Personal Income | $40,403 | $49,808 | $61,726 |
| Average income growth | 2.5% | 4.7% | 5.1% |
| Six-Figure Earners | 2.4% | 7.6% | 13.2% |
The median household income in St. Francis County is about 30% lower than in Arkansas. Income has been growing slower in St. Francis County (2.5%/yr) than in Arkansas (4.7%/yr).
About 2% of adults in St. Francis 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 St. Francis County, Arkansas grew by 54.5% from 2009 to 2023, reaching $41,323 in 2023. That's an average of about 2.5% per year.
Economic Inequality in St. Francis County | Gender Pay Gap | Gini Coefficient
| Metric | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.612 | 0.556 | 0.570 |
| Male Median Income | $45,014 | $55,368 | $67,746 |
| Female Median Income | $34,536 | $44,548 | $54,793 |
| Gender Pay Gap | 23.3% | 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 St. Francis County, it is 0.612, higher than Arkansas's 0.556, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 30% more than women's income in St. Francis County, Arkansas. Over a 35-year career, a 30% wage gap accumulates to roughly $366,730 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in St. Francis County, Arkansas has widened from about 16% to 23% in 2023. In dollar terms, the gap has widened by $5,240 since 2009.
Employment
| Metric | St. Francis County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 5.1% | 5.2% |
| Working from Home | 3.0% | 7.8% | 13.4% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 635 people are unemployed in St. Francis County, Arkansas.
The average commute time in St. Francis County is 15 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Francis County, Arkansas has fallen from 13.2% to 7.4% in 2023.
Conclusion
Considering all these factors, St. Francis County, Arkansas has an overall wealth index grade of F, making it somewhat worse than Arkansas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in St. Francis County, Arkansas.
How Rich Is St. Francis County, Arkansas?
St. Francis County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $41,323, about 30% lower than the Arkansas average of $58,772.
What is the current median household income in St. Francis County, Arkansas?
As of 2023, the median household income in St. Francis County, Arkansas is $41,323.
What was the median household income in St. Francis County in 2023?
In 2023, the median household income in St. Francis County, Arkansas was $41,323.
What was the median household income in St. Francis County in 2020?
In 2020, the median household income in St. Francis County, Arkansas was $36,131.
What is the Gini coefficient in St. Francis County, Arkansas?
The Gini coefficient in St. Francis County is 0.612. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in St. Francis County, Arkansas?
Since 2009, the income gap between men and women in St. Francis County, Arkansas has widened from about 16% to 23% in 2023. In dollar terms, the gap has widened by $5,240 since 2009.