How is Arkansas doing? According to the Census ACS 1-year survey, the median household income for Arkansas was $48,952 in 2019, the latest figures available. If your currently monthly household income is less than the Arkansas median income for a household of your size there is a presumption that you pass the means test and are eligible to file a Chapter 7 bankruptcy. No warranty or guarantee of accuracy is offered or implied. The ACS survey shows the median per capita income for Arkansas was $27,274 in 2019. Figures are in constant 2018 dollars. At $27,274, the per capita income for Arkansas was at a new nominal high in 2019. Median household income, in 2018 dollars. Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. Estimates with 3 asterisks have the largest margins, plus or minus 50% or more of the estimate. The bureau combined 5 years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. Compared to the median income of $26,040 in 2000 this represents an increase of 26.6%. [1][2], United States locations by per capita income, Arkansas Counties Ranked by Per Capita Income, United States counties by per capita income, "SELECTED ECONOMIC CHARACTERISTICS 2006-2010 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Arkansas_locations_by_per_capita_income&oldid=949006381, Creative Commons Attribution-ShareAlike License, This page was last edited on 4 April 2020, at 04:50. Compared to the median US household income, Arkansas median household income is $16,760 lower. A family is a type of household. Median income was by far the lowest for black or African American households at $30,800, close to the poverty threshold for a four-person family with two children (about $25,465). Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. Within the state, median incomes were lowest in Lee and Phillips counties (all below $30,000) and highest in Benton, Saline and Lonoke counties (all above $55,000). Median incomes were highest among Asian households at $65,900 and $49,600 for white households. At $48,952, the median household income for Arkansas was at a new inflation adjusted high in 2019. At $48,952, the median household income for Arkansas was at a new nominal high in 2019. 2020 Census ACS data (including 2020 Arkansas household income numbers) will be released in September of 2021. Per capita income numbers for 2020 will be released in September of 2021. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). At $27,274, the per capita income for Arkansas was at a new inflation adjusted high in 2019. At $62,387, the median family income for Arkansas was at a new inflation adjusted high in 2019. According to the Census ACS 1-year survey, the median household income for Arkansas was $48,952 in 2019, the latest figures available.Compared to the median US household income, Arkansas median household income is $16,760 lower.2020 Census ACS data (including 2020 Arkansas household income numbers) will be released in September of 2021. Like the median household income numbers, 2020 family income data will be released in September of 2021. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. Compared to the median US family income, Arkansas median family income is $18,557 lower. At $62,387, the median family income for Arkansas was at a new nominal high in 2019. Compared to the US per capita income, Arkansas per capita income is $8,398 lower. Half of incomes are below the median and half are above. In 2014-18, the median income was about $45,700, down 6% after adjusting for inflation from 2000. Median household income is a gauge of the overall economic health of the region and the financial resources of its residents. CGR has noted on data tables the estimates with relatively large margins of error. Data on deptofnumbers.com is for informational purposes only. Your average household income is determined by averaging your monthly income over the last six calendar months. Median household income (in 2018 dollars), 2014-2018: $45,726: Per capita income in past 12 months (in 2018 dollars), 2014-2018: $25,635: The ACS 1-year survey shows that the median family income for Arkansas was $62,387 in 2019. In 2014-18, the median income was about $45,700, down 6% after adjusting for inflation from 2000. Access to Quality Seats for Infants and Toddlers, Access to Quality Childcare Seats for Preschoolers, Adults with a Bachelor's Degree or Higher. The median household income in Hot Springs, AR in 2017 was $35,474, which was 29.3% less than the median annual income of $45,869 across the entire state of Arkansas. The current median family income for Fort smith is $56,083. The median household income in Fort Smith, AR in 2017 was $38,294, which was 19.8% less than the median annual income of $45,869 across the entire state of Arkansas. © Arkansas Community Foundation All Rights Reserved. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. This was about 76% of the national median income, making Arkansas third to last in the nation on this indicator, just above Mississippi ($43,600) and West Virginia ($44,900). Arkansas Household Income. Data for this indicator is expected to be released annually in December. Privacy policy. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Arkansas is the 48th richest state in the United States of America, with a per capita income of $16,904 (2000). Real median family income peaked in 2007 at $56,225 and is now $142 (0.25%) lower. Median Household Income, by Race/Ethnicity, Produced by Arkansas Community Foundation, Data analysis and platform provided by CGR. Household income in Arkansas—not to be confused with an individual's income—is defined by the Census Bureau as the sum of income generated by all the people over 15 years old who occupy a housing unit, such as a house or an apartment. From a post peak low of $49,971 in 2012, real median family income for Fort smith has now grown by $6,112 (12.23%). The multiyear figures are from the Census Bureau's American Community Survey. The survey provides data on characteristics of the population that used to be collected only during the decennial census. Arkansas. Graph and download economic data for Real Median Household Income in Arkansas (MEHOINUSARA672N) from 1984 to 2019 about AR, median, households, income, real, and USA. Compared to the median income of $32,157 in 2000 this represents an increase of 16.0%. Arkansas is the 48th richest state in the United States of America, with a per capita income … A person living alone in a housing unit is also a household. Median household income is a gauge of the overall economic health of the region and the financial resources of its residents. Arkansas Median Income. Arkansas median family income and per capita income for Arkansas are shown further down.
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