Wealth Index
Wealthier than 92% of 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 | Washington County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,052 | $58,772 | $78,145 |
| Median Personal Income | $51,952 | $49,808 | $61,726 |
| Average income growth | 5.7% | 4.7% | 5.1% |
| Six-Figure Earners | 9.5% | 7.6% | 13.2% |
The median household income in Washington County is about 14% higher than in Arkansas. Income has been growing faster in Washington County (5.7%/yr) than in Arkansas (4.7%/yr).
About 9% of adults in Washington 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 Washington County, Arkansas grew by 55.0% from 2009 to 2023, reaching $67,052 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Washington County | Gender Pay Gap | Gini Coefficient
| Metric | Washington County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.556 | 0.570 |
| Male Median Income | $55,563 | $55,368 | $67,746 |
| Female Median Income | $47,672 | $44,548 | $54,793 |
| Gender Pay Gap | 14.2% | 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 Washington County, it is 0.569, higher than Arkansas's 0.556, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 17% more than women's income in Washington County, Arkansas. Over a 35-year career, a 17% wage gap accumulates to roughly $276,185 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Washington County, Arkansas has narrowed from about 23% to 14% in 2023. In dollar terms, the gap has narrowed by $959 since 2009.
Employment
| Metric | Washington County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.1% | 5.2% |
| Working from Home | 10.0% | 7.8% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 5,473 people are unemployed in Washington County, Arkansas.
The average commute time in Washington County is 18 minutes, about the same as in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Washington County, Arkansas has fallen from 6.9% to 4.2% in 2023.
Conclusion
Considering all these factors, Washington 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 Washington County, Arkansas.
How Rich Is Washington County, Arkansas?
Washington 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 $67,052, about 14% higher than the Arkansas average of $58,772.
What is the current median household income in Washington County, Arkansas?
As of 2023, the median household income in Washington County, Arkansas is $67,052.
What was the median household income in Washington County in 2023?
In 2023, the median household income in Washington County, Arkansas was $67,052.
What was the median household income in Washington County in 2020?
In 2020, the median household income in Washington County, Arkansas was $52,872.
What is the Gini coefficient in Washington County, Arkansas?
The Gini coefficient in Washington County is 0.569. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Washington County, Arkansas?
Since 2009, the income gap between men and women in Washington County, Arkansas has narrowed from about 23% to 14% in 2023. In dollar terms, the gap has narrowed by $959 since 2009.