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 | Yell County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,520 | $58,772 | $78,145 |
| Median Personal Income | $44,361 | $49,808 | $61,726 |
| Average income growth | 6.1% | 4.7% | 5.1% |
| Six-Figure Earners | 3.8% | 7.6% | 13.2% |
The median household income in Yell County is about 1% higher than in Arkansas. Income has been growing faster in Yell County (6.1%/yr) than in Arkansas (4.7%/yr).
About 4% of adults in Yell 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 Yell County, Arkansas grew by 62.8% from 2009 to 2023, reaching $59,520 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Yell County | Gender Pay Gap | Gini Coefficient
| Metric | Yell County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.556 | 0.570 |
| Male Median Income | $53,996 | $55,368 | $67,746 |
| Female Median Income | $34,638 | $44,548 | $54,793 |
| Gender Pay Gap | 35.9% | 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 Yell County, it is 0.519, 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 56% more than women's income in Yell County, Arkansas. Over a 35-year career, a 56% wage gap accumulates to roughly $677,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Yell County, Arkansas has widened from about 19% to 36% in 2023. In dollar terms, the gap has widened by $13,863 since 2009.
Employment
| Metric | Yell County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.1% | 5.2% |
| Working from Home | 7.7% | 7.8% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 316 people are unemployed in Yell County, Arkansas.
The average commute time in Yell County is 18 minutes, about the same as in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Yell County, Arkansas has fallen from 7.3% to 3.5% in 2023.
Conclusion
Considering all these factors, Yell 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 Yell County, Arkansas.
How Rich Is Yell County, Arkansas?
Yell 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 $59,520, about 1% higher than the Arkansas average of $58,772.
What is the current median household income in Yell County, Arkansas?
As of 2023, the median household income in Yell County, Arkansas is $59,520.
What was the median household income in Yell County in 2023?
In 2023, the median household income in Yell County, Arkansas was $59,520.
What was the median household income in Yell County in 2020?
In 2020, the median household income in Yell County, Arkansas was $48,550.
What is the Gini coefficient in Yell County, Arkansas?
The Gini coefficient in Yell County is 0.519. 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 Yell County, Arkansas?
Since 2009, the income gap between men and women in Yell County, Arkansas has widened from about 19% to 36% in 2023. In dollar terms, the gap has widened by $13,863 since 2009.