Gid township Arkansas Income Charts

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 $42,386 which is the highest of all places in the greater Gid township region. Comparing median household income to the United States average of $60,293, Gid township is approximately three-fourths the size. Also, measured against the state of Arkansas, median household income of $45,726, Gid township is about 7.9% smaller.

The next section examines a variety of different income statistics for the Gid township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $20,000 and $49,999 at 52.5% of the total and is ranked #1. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 47.5% 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 an average hours of 65.9 which is ranked #1 of all places in the greater Gid township region.

Figure 7 examines the number of self employed people in the Gid township metro area based on the number of people who reported any self employment income. Gid township depicts it has a percentage of people self employed of 10.5% which is in the mid range of other places in the surrounding region. The city with the highest percentage of people self employed in the area is Guion which shows a percentage self employed of 21.7% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-65 years and over at $41,477 of the total and is ranked #2. The only larger city being Sidney with $46,250.

Figure 9 breaks down the source of income and Gid township has the smallest proportion of income from wages at 53.1% of the total. Second, it has the largest proportion of social security at 37.8% 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 34.7% which is at the top of all other places in the greater Gid township region.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Gid township shows it has the hightest cost of 99.4 for the cost of transportation grouping.

Gid 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 depicts that from February 2011 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 6.9% to 3.1% in December 2019. This represents a decrease in the monthly unemployment rate of 55.1%. 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. It depicts that from January 2011 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 11,301 to 12,194 in November 2019. This represents an increase in the monthly labor force participation of 7.9%. 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 Gid township shows it has an unemployment rate of 15.1% which is at the top of all other places in the greater Gid township region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Gid township depicts it has a participation rate of 34.9% which is the smallest in order of participation rate of all the other places in the metro 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). Gid township has the smallest proportion of employed at 19.9% of the total. Second, it has the largest proportion of unemployed at 15.1% of the total and is ranked #1. Third, it has the largest proportion of not in labor force at 65.1% of the total and is ranked #1.

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 Gid township area. Gid township depicts it has a families with a single earner of 75.9% which is the most of all places in the greater region. The percentage of families with no one working is depicted in Figure 22. Gid township shows it has a families with no one working of 24.1% which is the second smallest when sorted by families with no one working of all the other places in the metro area. The city with the highest families with no one working in the area is Guion which shows a families with no worker of 41.2% (70.6% larger).

Gid township Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Gid 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. Gid township depicts it has a total people earning less than the poverty level of 5 which is the smallest as measured by total people earning less than the poverty level of all the other places in the local area. The city with the highest total people earning less than the poverty level in the area is Melbourne which shows a total people earning less than the poverty level of 344 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Gid township shows it has a percent of people earning less than the poverty level of 3.4% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Sidney which depicts a percent of people in poverty of 38.7% ( appreciably bigger).

In Figure 25 people who are in poverty are broken out by age group. Gid township has the largest proportion of person in poverty 35 to 54 years at 100% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Gid township has the smallest proportion of white poverty rate at 3% 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.) Gid township shows it has a households with public assistance of 5.3% which is the smallest in order of households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is Melbourne which depicts a households with public assistance of 26.6% ( appreciably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Gid township shows it has a the gini index of 27.2% which is the smallest as measured by the gini index of all the other places in the greater region.

Gid 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 Gid 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.) Gid township has the largest proportion of people who drive a car or motorcycle to work at 100% 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 Gid township or elsewhere.) Gid township has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Gid township has the largest proportion of people who leave for work between 530 am to 6am at 24% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 730 am to 8am at 76% 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. Gid township has the largest proportion of people with commute time between 10 to 14 minutes at 24% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 30 to 34 minutes at 76% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Gid township has one of the largest proportions of 1 vehicle available at 24% of the total and is ranked #2. The only larger city being Franklin with 42%. Second, it has the largest proportion of 3 vehicles available at 76% of the total and is ranked #1.

Gid township Arkansas Jobs Charts

The table in Figure 48, shows Gid township employment data in terms of job categories and salary data.