Guion 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. Guion township shows it has $27,000 median earnings which is the 4th ranked in median earnings out of 10 total in the area . The city with the highest median earnings in the area is Franklin township-Stone County with an earnings of $45,156 is 67.2% larger. Comparing median earnings to the United States average of $47,712, Guion township is approximately half the size. Also, in contrast to the state of Arkansas, median earnings of $38,970, Guion township is approximately three-fourths the size.

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 $40,313 median income which is the 4th ranked in median income out of 10 total in the area . The city with the highest median income in the area is Washington township-Stone County with an income of $45,395 measures 12.6% larger. Comparing median income to the United States average of $60,293, Guion township measures approximately three-fourths the size. Also, measured against the state of Arkansas, median income of $45,726, Guion township measures about 13.4% smaller.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 38.4 average hours which is the 4th ranked in average hours out of 10 total in the area . The city with the highest average hours in the area is Gid township with an average hours of 65.9 measures 71.6% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $13.52 average hourly earnings which is the 3d most of all other places in the area . The city with the highest average hourly earnings in the area is Franklin township-Stone County with an average hourly earnings of $21.82 is 61.4% larger. Comparing average hourly earnings to the United States average of $23.71, Guion township is approximately half the size. Also, benchmarked against the state of Arkansas, average hourly earnings of $19.02, Guion township is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Guion township shows it has 26.5% Self Employed which is the 3d most of all other places in the area . The city with the highest Self Employed in the area is Jones township-Stone County with a Self Employed of 43.1% is 62.6% larger.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income-45 to 64 years at $250,001 of the total and is ranked #1.

In terms of the source of where income comes from, in Figure 9 Guion township has the largest proportion of self employment income at 51.7% 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 20.4% households with retirement income which is the 4th ranked in households with retirement income out of 10 total in the area . The city with the highest households with retirement income in the area is Gid township with a households with retirement income of 34.7% measures 70.2% larger.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Guion township reveals it has hightest cost of 99.4 for cost of transportation.

Guion 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 shows that from February 2011 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 6.9% to 3.3% in February 2020. This represents a decrease in the monthly unemployment rate of 52.2%. Since that time, the monthly unemployment rate has gone to 8.0% This represents an increase in the monthly unemployment rate of 142.4%. 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 February 2011 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 11,355 to 12,130 in February 2020. This represents an increase in the monthly labor force participation of 6.8%. Since that time, the monthly labor force participation has gone to 11,782 This represents a decrease in the monthly labor force participation of 2.9%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Guion township shows it has 3.8% unemployment rate which is the 5th ranked in unemployment rate out of 10 total in the area . The city with the highest unemployment rate in the area is Gid township with a rate of 15.1% is approximately 4.0 times bigger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Guion township shows it has 79.5% participation rate which is the 2nd most of all the places in the area .

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Guion township reveals full time employees measures considerably 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. Guion township shows it has 15.0% families with a single earner which is the 4th smallest families with a single earner of all the other places in the area . The city with the highest families with a single earner in the area is Gid township with a single earners rate of 75.9% is markedly bigger. The percentage of families with no one working is depicted in Figure 22. Guion township reveals it has 35.0% families with no one working which is the 2nd most of all the places in the area . The city with the highest families with no one working in the area is Guion with a families with no worker of 41.2% is 17.6% larger.

Guion 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. Guion township indicates it has 32 total people earning less than the poverty level which is the 3d most of all other places in the area . The city with the highest total people earning less than the poverty level in the area is Washington township-Stone County with a total people earning less than the poverty level of 193 measures quite a bit bigger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Guion township shows it has 18.3% percent of people earning less than the poverty level which is the 4th ranked in percent of people earning less than the poverty level out of 10 total in the area . The city with the highest percent of people earning less than the poverty level in the area is Washington township-Stone County with a percent of people in poverty of 37.6% is about twice as large.

In Figure 25 people who are in poverty are broken out by age group. Guion township has the largest proportion of person in poverty 18 to 34 years at 47% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Guion township has Married with children and in poverty in the center of other places in the area at 26% of the total and is ranked in the middle of the group.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Guion township has the largest proportion of Has some college and in poverty at 29% 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.) We can see that Guion township shows it has 6.1% households with public assistance which is the 5th 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 Lunenburg township with a households with public assistance of 23.3% is approximately 3.8 times bigger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Guion township shows it has 53.0% the Gini Index which is the 3d most of all other places in the area .

Guion township Arkansas Work Commute Charts

Figure 33 shows a more detailed view of how people get to work for this location and shows Guion township has people who carpooled in the center of other places in the area at 19% of the total and is ranked in the middle of the group.

The average commute time is shown in Figure 37. Guion township shows it has 29 average commute time which is the 3d most of all other places in the area .

Figure 38 shows the difference between male versus female commuting time and Guion township shows average commute time in minutes for men is approximately 2.8 times bigger than average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Guion township shows it has 30% people who both work and live in the same city which is at the top of all other places in the area . Comparing people who both work and live in the same city to the United States average of 42%, Guion township compares as approximately three-fourths the size. Also, benchmarked against the state of Arkansas, people who both work and live in the same city of 51%, Guion township measures approximately three-fourths the size.

Guion 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. Guion township shows it has hightest median earnings of $41,875 for Earnings-Natural resources, construction, maintenance occupations.

Guion township Arkansas Self Employment Charts

In Figure 51 the average annual self employment income is shown. Guion township shows it has $164,731 average annual self employment income which is the highest of all places in the area . Comparing average annual self employment income to the United States average of $37,819, Guion township is approximately 4.4 times bigger. Also, in contrast to the state of Arkansas, average annual self employment income of $33,965, Guion township is approximately 4.9 times bigger.

Figure 52 shows the difference between the number of self employed men and self employed women. Guion township shows total number of self-employed men measures about twice as large than total number of self-employed women.