Guion township Arkansas Income Charts

This section shows the Guion 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, Guion township shows it has a median earnings per worker of $27,000 which is less than most other places in the metropolitan area. The city with the highest median earnings per worker in the area is Mountain View which shows a median earnings of $35,403 (31.1% larger). Comparing median earnings per worker to the United States average of $47,712, Guion township is approximately half the size. Also, in comparison with the state of Arkansas, median earnings per worker of $38,970, Guion township is approximately three-fourths the size.

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 $40,313 which is the second most median income of all the places in the greater Guion township region. The city with the highest median household income in the area is Calico Rock which shows a median income of $42,500 (only about 5.4% larger). Comparing median household income to the United States average of $60,293, Guion township is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median household income of $45,726, Guion township is about 13.4% smaller.

The next section examines a variety of different income statistics for the Guion township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 33.3% of the total and is ranked #2. The only larger city being Guion with 35.8%. Second, it has one of the largest proportions of earnings of $100,000 more at 4.9% of the total and is ranked #2. The only larger city being Guion with 5.3%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.4 which is in the mid range of other places in the local area. The city with the highest average hours in the area is Calico Rock which depicts an average hours of 40.8 (6.2% 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 $13.52 which is less than most other places in the greater region. The city with the highest average hourly earnings in the area is Mountain View which depicts an average hourly earnings of $21.68 (60.4% larger). Comparing average hourly earnings to the United States average of $23.71, Guion township is approximately half the size. Also, measured 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 Guion township metro area based on the number of people who reported any self employment income. Guion township shows it has a percentage of people self employed of 26.5% which is the largest of all places in the greater Guion township region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years the second smallest as measured by median income for those under 25 years of age of all the other places in the greater region at $38,500 of the total. Second, it has the largest proportion of median income-45 to 64 years at $250,001 of the total and is ranked #1.

Figure 9 breaks down the source of income and Guion township has the smallest proportion of income from wages at 33.9% of the total. Second, it has the largest proportion of self employment income at 51.7% of the total and is ranked #1. Third, it has the smallest proportion of social security at 6.6% of the total.

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 20.4% which is less than most other places in the metropolitan area. The city with the highest households with retirement income in the area is Melbourne which depicts a households with retirement income of 30.9% (51.6% 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 in the middle range of other places in the metro area at $41,250 of the total. Second, it has the largest proportion of white family income at $57,813 of the total and is ranked #1.

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

Guion 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 January 2011 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 7.3% to 4.1% in March 2020. This represents a decrease in the monthly unemployment rate of 43.8%. Since that time, the monthly unemployment rate has gone to 7.3% This represents an increase in the monthly unemployment rate of 78.0%. 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 2011 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 11,301 to 12,145 in March 2020. This represents an increase in the monthly labor force participation of 7.5%. Since that time, the monthly labor force participation has gone to 11,666 This represents a decrease in the monthly labor force participation of 3.9%.

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 Guion township indicates it has an unemployment rate of 3.8% which is the third most unemployment rate of all other places in the greater Guion township region. The city with the highest unemployment rate in the area is Melbourne which depicts a rate of 6.8% (79.3% larger). 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 a participation rate of 79.5% which is the second most participation rates of all the places in the greater Guion township region.

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). Guion township has one of the largest proportions of employed at 75.8% of the total and is ranked #2. The only larger city being Guion with 76.2%. Second, it has the second smallest when ranked by employed of all the other places in the metro area when ranked by not in labor force at 20.5% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Guion township depicts full time employees appreciably 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 Guion township area. Guion township indicates it has a families with a single earner of 15.0% which is less than most other places in the greater region. The city with the highest families with a single earner in the area is Cushman which shows a single earners rate of 31.6% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Guion township shows it has a families with no one working of 35.0% which is in the middle range of other places in the surrounding region. 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% (17.6% larger).

Guion township Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Guion 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. Guion township shows it has a total people earning less than the poverty level of 32 which is the second smallest when sorted 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 Mountain View which shows a total people earning less than the poverty level of 982 ( considerably 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 depicts it has a percent of people earning less than the poverty level of 18.3% which is in the mid range of other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Mountain View which shows a percent of people in poverty of 35.9% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Guion township has one of the largest proportions of person in poverty under 12 years at 34% of the total and is ranked #3. Only #2 Mount Pleasant (37%), and #1 Calico Rock (43%) are larger. Second, it 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 one of the largest proportions of married with children and in poverty at 26% of the total and is ranked #2. The only larger city being Guion with 31%.

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. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Guion township has the largest proportion of people who are in poverty and employed at 25.0% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and unemployed at 9.4% 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.) Guion township shows it has a households with public assistance of 6.1% which is the smallest when ranked by households with public assistance of all the other places in the local area. The city with the highest households with public assistance in the area is Mountain View which depicts a households with public assistance of 27.2% (approximately 4.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Guion township depicts it has a the gini index of 53.0% which is the second most the gini index of all the places in the greater Guion township region.

Guion township Arkansas Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Guion township or elsewhere.) Guion township has the percentage of people who drove alone the second smallest when ranked by people who drove alone of all the other places in the local area at 68% of the total. Second, it has one of the largest proportions of people who carpooled at 19% of the total and is ranked #3. Only #2 Calico Rock (20%), and #1 Guion (20%) are larger.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Guion township has one of the largest proportions of people who leave for work between 12am to 5am at 12% of the total and is ranked #2. The only larger city being Guion with 13%. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 23% 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. Guion township has the percentage of people with commute time of less than 5 minutesutes in the mid range of other places in the greater region at 10% of the total. Second, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the metropolitan area in order of people with commute time between 5 to 9 minutes at 2% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 32% of the total and is ranked #1. Also, it has one of the largest proportions of people with commute time of 90 or more minutesutes at 10% of the total and is ranked #2. The only larger city being Guion with 10%.

The average commute time is shown in Figure 37. Guion township shows it has an average commute time of 29 which is the second most of all the places in the local area. Figure 38 shows the difference between male versus female commuting time. Guion township shows average commute time in minutes for men approximately 2.8 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Guion township has the smallest proportion of 1 vehicle available at 4% of the total. Second, it has one of the largest proportions of 2 vehicles available at 59% of the total and is ranked #2. The only larger city being Guion with 63%. Third, it has the smallest proportion of 3 vehicles available at 15% of the total. Also, it has less than most other places in the local area in order of 4 vehicles available at 7% of the total. In addition, it has one of the largest proportions of 5 or more vehicles available at 15% of the total and is ranked #2. The only larger city being Guion with 16%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Guion township shows it has a people who both work and live in the same city of 30% which is in the center range of other places in the metropolitan area. The city with the highest people who both work and live in the same city in the area is Mountain View which depicts a people who both work and live in the same city of 71% (approximately 2.4 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Guion 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%, Guion township is 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 the hightest median earnings of $41,875 for the earnings-natural resources, construction, maintenance occupations group. The table in Figure 48, shows Guion township employment data in terms of job categories and salary data.

Guion township Arkansas Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Guion township shows it has an average annual self employment income of $164,731 which is the highest of all places in the greater Guion township region. Comparing average annual self employment income to the United States average of $37,819, Guion township is approximately 4.4 times bigger. Also, measured against 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 (i.e. entrepreneurs.) Guion township depicts total number of self-employed men about twice as large as the total number of self-employed women.