Cole township Arkansas Income Charts

This section shows the Cole township Arkansas economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cole township shows it has a median earnings per worker of $35,284 which is less than most other places in the surrounding region. The city with the highest median earnings per worker in the area is Greenwood which depicts a median earnings of $43,470 (23.2% larger). Comparing median earnings per worker to the United States average of $47,712, Cole township is approximately three-fourths the size. Also, compared to the state of Arkansas, median earnings per worker of $38,970, Cole township is about 10.4% smaller.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a median household income of $47,000 which is the second most median income of all the places in the greater Cole township region. The city with the highest median household income in the area is Greenwood which depicts a median income of $61,075 (29.9% larger). Comparing median household income to the United States average of $60,293, Cole township is approximately three-fourths the size. Also, in contrast to the state of Arkansas, median household income of $45,726, Cole township is only about 2.8% larger.

The next section examines a variety of different income statistics for the Cole township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 26.9% of the total and is ranked #2. The only larger city being Hackett with 38.2%. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 32.9% of the total. Third, it has one of the largest proportions of earnings of $100,000 more at 5.6% of the total and is ranked #2. The only larger city being Bonanza with 13.1%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 40.7 which is the third most average hours of all other places in the greater Cole township region. The city with the highest average hours in the area is Hackett which depicts an average hours of 42.3 (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 an average hourly earnings of $16.67 which is the second smallest as measured by average hourly earnings of all the other places in the greater region. The city with the highest average hourly earnings in the area is Bonanza which shows an average hourly earnings of $21.33 (28.0% larger). Comparing average hourly earnings to the United States average of $23.71, Cole township is approximately three-fourths the size. Also, benchmarked 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 Cole township metro area based on the number of people who reported any self employment income. Cole township depicts it has a percentage of people self employed of 4.8% which is less than most other places in the metro area. The city with the highest percentage of people self employed in the area is Rock Island which shows a percentage self employed of 11.4% (approximately 2.4 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $11,330 of the total and is ranked #3. Only #2 Pocola ($23,681), and #1 Greenwood ($31,520) are larger. Second, it has one of the largest proportions of median income-25 to 44 years at $54,583 of the total and is ranked #3. Only #2 Greenwood ($78,033), and #1 Bonanza ($107,917) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $62,583 of the total and is ranked #2. The only larger city being Greenwood with $81,364. Also, it has the largest proportion of median income-65 years and over at $39,688 of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a households with retirement income of 26.3% which is the second most households with retirement income of all the places in the greater Cole township region. The city with the highest households with retirement income in the area is Midland which shows a households with retirement income of 32.4% (22.8% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the local area at $48,333 of the total. Second, it has less than most other places in the local area when ranked by white family income at $48,875 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Cole township depicts it has the hightest cost of 92.5 for the cost of grocery items classification.

Cole township Arkansas Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at 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 national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. It shows that from February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 8.5% to 3.2% in December 2019. This represents a decrease in the monthly unemployment rate of 62.4%. Since that time, the monthly unemployment rate has gone to 3.2% This represents an increase in the monthly unemployment rate of very little. 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. It shows that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 40,276 to 39,367 in November 2019. This represents a decrease in the monthly labor force participation of 2.3%. Since that time, the monthly labor force participation has gone to 39,367 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Cole township depicts it has an unemployment rate of 8.4% which is the second most of all the places in the metro area. The city with the highest unemployment rate in the area is Hackett which shows a rate of 17.7% (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 a participation rate of 57.3% which is less than most other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cole township shows full time employees approximately 4.9 times bigger as the 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 in the greater Cole township area. Cole township depicts it has a families with a single earner of 27.3% which is the second most families with a single earner of all the places in the greater Cole township region. The city with the highest families with a single earner in the area is Rock Island which shows a single earners rate of 29.2% (6.9% larger). The percentage of families with no one working is depicted in Figure 22. Cole township depicts it has a families with no one working of 21.4% which is less than most other places in the local area. The city with the highest families with no one working in the area is Midland which shows a families with no worker of 34.8% (62.9% larger).

Cole township Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Cole township community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Cole township shows it has a total people earning less than the poverty level of 361 which is the third most total people earning less than the poverty level of all other places in the greater Cole township region. The city with the highest total people earning less than the poverty level in the area is Greenwood which shows a total people earning less than the poverty level of 966 (approximately 2.7 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cole township depicts it has a percent of people earning less than the poverty level of 21.6% which is the third most percent of people earning less than the poverty level of all other places in the greater Cole township region. The city with the highest percent of people earning less than the poverty level in the area is Midland which shows a percent of people in poverty of 34.3% (59.0% larger).

In Figure 25 people who are in poverty are broken out by age group. Cole township has one of the largest proportions of person in poverty under 12 years at 44% of the total and is ranked #2. The only larger city being Hackett with 46%. Second, it has the smallest proportion of person in poverty 12 to 17 years at 1% of the total. Third, it has one of the largest proportions of person in poverty 18 to 34 years at 39% of the total and is ranked #2. The only larger city being Hackett with 44%. Also, it has the second smallest in order of person in poverty under 12 years of all the other places in the metropolitan area in order of person in poverty 35 to 54 years at 10% of the total. In addition, it has the smallest proportion of person in poverty 55 to 64 years at 1% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cole township has the percentage of american indian poverty rate in the middle range of other places in the local area at 14% of the total. Second, it has one of the largest proportions of hispanicp poverty rate at 7% of the total and is ranked #3. Only #2 Hackett (29%), and #1 Rock Island (56%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Cole township has one of the largest proportions of married with children and in poverty at 39% of the total and is ranked #2. The only larger city being Hackett with 54%. Second, it has the second smallest when sorted by married with children and in poverty of all the other places in the greater region when ranked by unmarried with children and in poverty at 33% of the total. Third, it has the second smallest when sorted by married with children and in poverty of all the other places in the greater region in terms of unmarried female with children and in poverty at 42% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Cole township has the percentage of less than highschool in poverty less than most other places in the metro area at 12% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Cole township has one of the largest proportions of people who are in poverty and unemployed at 28.3% of the total and is ranked #2. The only larger city being Hackett with 36.3%. Second, it has less than most other places in the surrounding region when sorted by people who are in poverty and not in labor force at 6.6% of the total. 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.) Cole township shows it has a households with public assistance of 15.5% which is less than most other places in the metro area. The city with the highest households with public assistance in the area is Hackett which indicates a households with public assistance of 25.3% (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 depicts it has a the gini index of 43.4% which is the third most the gini index of all other places in the greater Cole township region.

Cole township Arkansas Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Cole township community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes 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. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Cole township or elsewhere.) Cole township has the largest proportion of people who take the bus 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 percentage of people who leave for work between 12am to 5am the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the metropolitan area at 4% of the total. Second, it 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 one of the largest proportions of people with commute time between 5 to 9 minutes at 8% of the total and is ranked #2. The only larger city being Greenwood with 10%. Second, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the local area in order of people with commute time between 10 to 14 minutes at 5% of the total. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 8% of the total. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 18% of the total and is ranked #1. In addition, it 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 depicts it has an average commute time of 26 which is in the mid range of other places in the surrounding region. Figure 38 shows the difference between male versus female commuting time. Cole township shows average commute time in minutes for men 59.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cole township has the percentage of 1 vehicle available in the mid range of other places in the metro area at 18% of the total. Second, it has the second smallest when sorted by no vehicle available of all the other places in the greater region in terms of 2 vehicles available at 33% of the total. Third, it has the largest proportion of 3 vehicles available at 34% of the total and is ranked #1. Also, it has one of the largest proportions of 4 vehicles available at 15% of the total and is ranked #2. The only larger city being Pocola with 16%. In addition, it has the smallest proportion of 5 or more vehicles available at 1% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Cole township depicts it has a people who both work and live in the same city of 28% which is the highest of all places in the greater Cole township region. 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, measured against the state of Arkansas, people who both work and live in the same city of 51%, Cole township is 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 depicts it has the hightest median earnings of $63,750 for the earnings-sales and office occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Cole township depicts it has the hightest median earnings of $52,750 for the management, business, and financial occupations category. The table in Figure 48, shows Cole township employment data in terms of job categories and salary data.

Cole township Arkansas Self Employment Charts

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

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Cole township shows it has the hightest entrepreneurs of 50% for the self employed in agriculture, forestry, fishing and hunting, and mining classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Cole township depicts it has an average annual self employment income of $18,284 which is less than most other places in the local area. The city with the highest average annual self employment income in the area is Bonanza which depicts an average annual self employment income of $115,222 ( considerably bigger). Comparing average annual self employment income to the United States average of $37,819, Cole township is approximately half the size. Also, versus 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 (i.e. entrepreneurs.) Cole township shows total number of self-employed men 35.3% larger as the total number of self-employed women.