Cole township Arkansas Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Cole township shows it has $35,284 median earnings which isthe 5th ranked in median earnings out of 10 total in the area. The city with the highest median earnings in the area is Marion township, Sebastian County, Arkansas with an earnings of $58,980 measures 67.2% larger. Comparing median earnings to the United States average of $47,712, Cole township is approximately three-fourths the size. Also, in comparison with the state of Arkansas, median earnings of $38,970, Cole township compares as about 10.4% smaller.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $47,000 median income which is the 3d most of all other places in the area. The city with the highest median income in the area is Marion township, Sebastian County, Arkansas with an income of $76,469 is 62.7% larger. Comparing median income to the United States average of $60,293, Cole township measures approximately three-fourths the size. Also, compared with the state of Arkansas, median income of $45,726, Cole township is only about 2.8% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 40.7 average hours which is the 3d most of all other places in the area. The city with the highest average hours in the area is Hackett with an average hours of 42.3 is only about 3.9% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $16.67 average hourly earnings which isthe 5th ranked in average hourly earnings out of 10 total in the area. The city with the highest average hourly earnings in the area is Marion township, Sebastian County, Arkansas with an average hourly earnings of $29.08 is 74.4% larger. Comparing average hourly earnings to the United States average of $23.71, Cole township is approximately three-fourths the size. Also, measured against the state of Arkansas, average hourly earnings of $19.02, Cole township is about 14.1% smaller.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Cole township shows it has 4.8% Self Employed which isthe 6th ranked in Self Employed out of 10 total in the area. The city with the highest Self Employed in the area is Bass Little township with a Self Employed of 13.5% is approximately 2.8 times bigger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 26.3% households with retirement income which is the 2nd most of all the places in the area. The city with the highest households with retirement income in the area is Bass Little township with a households with retirement income of 29.3% is 11.3% larger.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Cole township reveals it has hightest cost of 92.5 for Cost of grocery items.

Cole township Arkansas Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data from the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall measure for the United States. It reveals that from January 2010 to January 2019 the Monthly Unemployment Rate went from 8.9% to 4.0%. This represents a decrease in the Monthly Unemployment Rate of 55.1%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. The participation level It indicates that from March 2010 to March 2019 the Monthly Labor Force Participation went from 40,885 to 39,368. This represents a decrease in the Monthly Labor Force Participation of 3.7%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Cole township indicates it has 8.4% unemployment rate which is the 2nd most of all the places in the area. The city with the highest unemployment rate in the area is Hackett with a rate of 17.7% is about twice as large. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cole township shows it has 57.3% participation rate which isthe 4th ranked in participation rate out of 10 total in the area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Cole township has not in labor force in the mid range of other places in the area at 42.7% of the total and is ranked in the middle of the group.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cole township shows full time employees is approximately 4.9 times bigger than part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner. Cole township shows it has 27.3% families with a single earner which is the 3d most of all other places in the area. The city with the highest families with a single earner in the area is Mississippi township, Sebastian County, Arkansas with a single earners rate of 47.5% is 73.8% larger. The percentage of families with no one working is depicted in Figure 22. Cole township shows it has 21.4% families with no one working which isthe 5th ranked in families with no one working out of 10 total in the area. The city with the highest families with no one working in the area is Bass Little township with a families with no worker of 30.5% is 42.6% larger.

Cole township Arkansas Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Cole township illustrates it has 361 total people earning less than the poverty level which is more than all other placesin the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cole township shows it has 21.6% percent of people earning less than the poverty level which is the 2nd most of all the places in the area. The city with the highest percent of people earning less than the poverty level in the area is Hackett with a percent of people in poverty of 32.6% measures 51.1% larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Cole township has Unmarried Female with children and in poverty in the mid range of other places in the area at 42% of the total and is ranked in the middle of the group. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) We can see that Cole township shows it has 15.5% households with public assistance which isthe 4th ranked in households with public assistance out of 10 total in the area. The city with the highest households with public assistance in the area is Hackett with a households with public assistance of 25.3% compares as 63.4% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cole township shows it has 43.4% the Gini Index which is the 3d most of all other places in the area.

Cole township Arkansas Work Commute Charts

Figure 32 shows a high level view of how people get to work (including the percent of people who work from home.) Cole township has the largest proportion of people who take public transportation to work at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cole township has the largest proportion of people who leave for work between 4pm to midnight at 18% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Cole township has the largest proportion of people with commute time between 60 to 89 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Cole township shows it has 26 average commute time which isthe 4th ranked in average commute time out of 10 total in the area. Figure 38 shows the difference between male versus female commuting time and Cole township shows average commute time in minutes for men is 59.8% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cole township has 1 vehicle available in the center of other places in the area at 18% of the total and is ranked in the middle of the group. Second, it has the largest proportion of 4 vehicles available at 15% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Cole township shows it has 28% people who both work and live in the same city which is the 2nd most of all the places in the area. The city with the highest people who both work and live in the same city in the area is Marion township, Sebastian County, Arkansas with a people who both work and live in the same city of 44% measures 58.7% larger. Comparing people who both work and live in the same city to the United States average of 42%, Cole township is approximately three-fourths the size. Also, versus the state of Arkansas, people who both work and live in the same city of 51%, Cole township measures approximately half the size.

Cole township Arkansas Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Cole township indicates it has hightest median earnings of $63,750 for Earnings-Sales and office occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Cole township shows it has hightest median earnings of $52,750 for Management, business, and financial occupations.

Cole township Arkansas Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Cole township shows it has hightest entrepreneurs of 67% for self employed in natural resources, construction, and maintenance businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. Cole township shows it has hightest entrepreneurs of 50% for self employed in agriculture, forestry, fishing and hunting, and mining.

In Figure 51 the average annual self employment income is shown. Cole township shows it has $18,284 average annual self employment income which isthe 6th ranked in average annual self employment income out of 10 total in the area. The city with the highest average annual self employment income in the area is Bonanza with an average annual self employment income of $115,222 is very much bigger. Comparing average annual self employment income to the United States average of $37,819, Cole township is approximately half the size. Also, in comparison with the state of Arkansas, average annual self employment income of $33,965, Cole township is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Cole township indicates total number of self-employed men is 35.3% larger than total number of self-employed women.