Cotton Plant Arkansas Income Charts

This section shows the Cotton Plant Arkansas economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Cotton Plant depicts it has a Median earnings of $37,206 which is in the center range of other places in the greater region. The city with the highest median earnings per worker in the area is Fredonia-Biscoe which depicts a median earnings of $44,861 (20.6% larger). Comparing median earnings per worker to the United States average of $53,269, Cotton Plant is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median earnings per worker of $43,103, Cotton Plant is about 15.8% 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 $16,923 which is the smallest as measured by median household income of all the other places in the metro area. The city with the highest median household income in the area is Hunter which depicts a median income of $62,188 (approximately 3.7 times bigger). Comparing median household income to the United States average of $69,021, Cotton Plant is approximately a quarter the size. Also, measured against the state of Arkansas, median household income of $52,123, Cotton Plant is approximately a third the size.

The next section examines a variety of different income statistics for the Cotton Plant metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 13.4% of the total and is ranked #2. The only larger city being Georgetown with 36.8%. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 30.9% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 30.4% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.8 which is the second smallest in terms of average hours of all the other places in the area. The city with the highest average hours in the area is Wheatley which shows an average hours of 41.9 (only about 5.3% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $17.98 which is the third most average hourly earnings of all other places in the greater Cotton Plant region. The city with the highest average hourly earnings in the area is Fredonia-Biscoe which depicts an average hourly earnings of $21.62 (20.3% larger). Comparing average hourly earnings to the United States average of $26.40, Cotton Plant is approximately three-fourths the size. Also, compared to the state of Arkansas, average hourly earnings of $20.98, Cotton Plant is about 16.7% smaller.

Figure 7 examines the number of self employed people in the Cotton Plant metro area based on the number of people who reported any self employment income. Cotton Plant depicts it has a Self Employed of 3.8% which is the second smallest when ranked by percentage of people self employed of all the other places in the local area. The city with the highest percentage of people self employed in the area is Hunter which depicts a percentage self employed of 38.5% ( very much bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-45 to 64 years at $19,519 of the total and is ranked #3. Only #2 Wheatley ($27,813), and #1 Brinkley ($37,500) are larger.

Figure 9 breaks down the source of income and Cotton Plant has the largest proportion of social security at 6.1% 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 With Retirement Income of 16.2% which is less than most other places in the local area. The city with the highest households with retirement income in the area is Fargo which shows a households with retirement income of 37.0% (approximately 2.3 times bigger).

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 the second smallest in terms of overall family income of all the other places in the metropolitan area at $15,625 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. Cotton Plant depicts it has the hightest cost of 97.5 for the cost of grocery items grouping.

Cotton Plant Arkansas Labor Force Charts

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from February 2017 to before the Coronavirus Pandemic it went from 3.4% to 3.1% in December 2019. This represents a decrease in the monthly unemployment rate of 8.8%. Since that time, the monthly unemployment rate has gone to 3.1%. 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. The monthly labor force participation shows that from January 2017 to before the COVID-19 Pandemic it went from 11,653 to 12,194 in November 2019. This represents an increase in the monthly labor force participation of 4.6%. Since that time, the monthly labor force participation has gone to 12,194. 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 Cotton Plant depicts it has a Unemployment Rate of 8.4% which is the second most unemployment rate of all the places in the greater Cotton Plant region. The city with the highest unemployment rate in the area is Brinkley which depicts a rate of 9.2% (9.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Cotton Plant depicts it has a Labor Force Participation of 56.3% which is the third most participation rates of all other places in the greater Cotton Plant region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Cotton Plant depicts full time employees approximately 2.8 times bigger as the part time employees.

The percentage of families with no one working is depicted in Figure 22. Cotton Plant shows it has a Families with No One Working of 40.0% which is the second most families with no one working of all the places in the greater Cotton Plant region. The city with the highest families with no one working in the area is Georgetown which shows a families with no worker of 50.0% (25.0% larger).

Cotton Plant Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Cotton Plant 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. Cotton Plant shows it has a Total In Poverty of 201 which is the second most total people earning less than the poverty level of all the places in the greater Cotton Plant region. The city with the highest total people earning less than the poverty level in the area is Brinkley which depicts a total people earning less than the poverty level of 733 (approximately 3.6 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Cotton Plant depicts it has a Percent of Population In Poverty of 44.5% which is the second most percent of people earning less than the poverty level of all the places in the greater Cotton Plant region. The city with the highest percent of people earning less than the poverty level in the area is Georgetown which depicts a percent of people in poverty of 46.4% (only about 4.4% larger).

In Figure 25 people who are in poverty are broken out by age group. Cotton Plant has one of the largest proportions of person in poverty under 12 years at 14% of the total and is ranked #2. The only larger city being Fredonia-Biscoe with 19%. Second, it has the largest proportion of person in poverty 12 to 17 years at 31% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 15% of the total and is ranked #3. Only #2 Wheatley (22%), and #1 Hunter (100%) are larger. Also, it has the second smallest in terms of person in poverty under 12 years of all the other places in the local area in terms of person in poverty 55 to 64 years at 6% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Cotton Plant has one of the largest proportions of white poverty rate at 46% of the total and is ranked #2. The only larger city being Fargo with 56%.

Figure 27 shows key poverty statistics for groups based on marriage status. Cotton Plant has the largest proportion of married with children and in poverty at 93% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 93% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Cotton Plant has one of the largest proportions of less than highschool in poverty at 34% of the total and is ranked #2. The only larger city being Fargo with 48%. Second, it has the largest proportion of highschool graduate and in poverty at 53% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Cotton Plant has the largest proportion of people who are in poverty and employed at 10.4% of the total and is ranked #1. 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.) Cotton Plant depicts it has a Public Assistance Percent of 39.5% which is the second most households with public assistance of all the places in the greater Cotton Plant region. The city with the highest households with public assistance in the area is Fargo which depicts a households with public assistance of 43.5% (10.0% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Cotton Plant depicts it has a Gini Index of 49.7% which is the second most the gini index of all the places in the greater Cotton Plant region.

Cotton Plant 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 Cotton Plant 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.) Cotton Plant has the largest proportion of people who take public transportation to work at 9% 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 Cotton Plant or elsewhere.) Cotton Plant has the percentage of people who carpooled less than most other places in the local area at 1% of the total. Second, it has the largest proportion of people who walked at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Cotton Plant has the largest proportion of people who leave for work between 730 am to 8am at 19% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 9am to 10am at 6% 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. Cotton Plant has the percentage of people with commute time of less than 5 minutesutes the second smallest as measured by people with commute time of less than 5 minutes of all the other places in the surrounding region at 2% of the total. Second, it has less than most other places in the greater region in terms of people with commute time between 5 to 9 minutes at 4% of the total. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 36% of the total and is ranked #2. The only larger city being Fargo with 49%.

The average commute time is shown in Figure 37. Cotton Plant depicts it has a Avg Commute Time of 13 which is the smallest when sorted by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Cotton Plant shows average commute time in minutes for men 18.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Cotton Plant has the largest proportion of no vehicle available at 34% of the total and is ranked #1. Second, it has less than most other places in the metro area in order of 1 vehicle available at 33% of the total. Third, it has the largest proportion of 2 vehicles available at 28% 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.) Cotton Plant shows it has a Work in city or place where live of 39% which is the second most people who both work and live in the same city of all the places in the greater Cotton Plant region. The city with the highest people who both work and live in the same city in the area is Brinkley which shows a people who both work and live in the same city of 46% (18.4% larger). Comparing people who both work and live in the same city to the United States average of 44%, Cotton Plant is about 12.7% smaller. Also, measured against the state of Arkansas, people who both work and live in the same city of 51%, Cotton Plant is approximately three-fourths the size.

Cotton Plant 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. Cotton Plant depicts it has the hightest median earnings of $46,250 for the earnings-production, transportation, material moving occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Cotton Plant depicts it has the hightest median earnings of $25,667 for the earnings-sales and office occupations grouping. The table in Figure 48, shows Cotton Plant employment data in terms of job categories and salary data.