Gum Pond 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. Gum Pond township shows it has $33,145 median earnings which is the 6th ranked in median earnings out of 10 total in the area . The city with the highest median earnings in the area is Belcher township with an earnings of $142,917 is approximately 4.3 times bigger. Comparing median earnings to the United States average of $47,712, Gum Pond township is approximately three-fourths the size. Also, measured against the state of Arkansas, median earnings of $38,970, Gum Pond township is about 17.6% smaller.

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 $37,778 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 Morris township with an income of $49,750 is 31.7% larger. Comparing median income to the United States average of $60,293, Gum Pond township is approximately three-fourths the size. Also, measured against the state of Arkansas, median income of $45,726, Gum Pond township measures about 21.0% smaller.

The next section examines a variety of different income statistics. In Figure 3 we see that it has the largest proportion of median earnings between $10,000 and $14,999 at 8.0% 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 39.2 average hours which is the 3d most of all other places in the area . The city with the highest average hours in the area is Roc Roe township-Prairie County with an average hours of 51.7 is 31.9% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $16.26 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 Morris township with an average hourly earnings of $21.34 measures 31.3% larger. Comparing average hourly earnings to the United States average of $23.71, Gum Pond township measures approximately three-fourths the size. Also, versus the state of Arkansas, average hourly earnings of $19.02, Gum Pond township is about 17.0% smaller.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Gum Pond township shows it has 8.1% Self Employed which is the 4th ranked in Self Employed out of 10 total in the area . The city with the highest Self Employed in the area is Belcher township with a Self Employed of 47.7% is markedly bigger.

Turning our attention to Figure 8, the median household income by age group, has Median Income-25 to 44 years in the middle of other places in the area at $37,971 of the total and is ranked in the middle of the group. Second, it has the largest proportion of Median Income-45 to 64 years at $44,364 of the total and is ranked #1.

In terms of the source of where income comes from, in Figure 9 Gum Pond township has income from wages less than most other places in the area at 70.3% of the total and is ranked 3d last in the group.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 22.4% households with retirement income which is the 2nd most of all the places in the area . The city with the highest households with retirement income in the area is Stuttgart with a households with retirement income of 22.6% is about the same size.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has Overall Family Income less than most other places in the area at $46,667 of the total and is ranked 3d last in the group. Second, it has White Family Income in the mid range of other places in the area at $67,863 of the total and is ranked in the middle of the group.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Gum Pond township shows it has hightest cost of 104.1 for cost of utilities.

Gum Pond 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 depicts that from February 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 13.7% to 6.3% in February 2020. This represents a decrease in the monthly unemployment rate of 54.0%. Since that time, the monthly unemployment rate has gone to 11.3% This represents an increase in the monthly unemployment rate of 79.4%. 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 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 21,051 to 16,394 in February 2020. This represents a decrease in the monthly labor force participation of 22.1%. Since that time, the monthly labor force participation has gone to 16,375 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Gum Pond township shows it has 4.3% unemployment rate which is the largest of all places in the area . Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Gum Pond township shows it has 58.0% participation rate which is the 4th ranked in participation rate out of 10 total in the 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). Gum Pond township has the largest proportion of unemployed at 4.3% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Gum Pond township indicates full time employees is approximately 4.2 times 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. Gum Pond township indicates it has 28.0% families with a single earner which is the 2nd most of all the places in the area . The city with the highest families with a single earner in the area is Ulm with a single earners rate of 34.9% is 24.5% larger. The percentage of families with no one working is depicted in Figure 22. Gum Pond township indicates it has 18.7% families with no one working which is the 5th ranked in families with no one working out of 10 total in the area . The city with the highest families with no one working in the area is McFall township with a families with no worker of 54.5% is approximately 2.9 times bigger.

Gum Pond 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. Gum Pond township shows it has 1,910 total people earning less than the poverty level which is the 2nd most of all the places in the area . The city with the highest total people earning less than the poverty level in the area is Stuttgart with a total people earning less than the poverty level of 1,939 is only slightly larger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Gum Pond township shows it has 22.1% percent of people earning less than the poverty level which is the 3d most of all other places in the area . The city with the highest percent of people earning less than the poverty level in the area is Ulm with a percent of people in poverty of 23.4% is only about 5.9% larger.

In Figure 25 people who are in poverty are broken out by age group. Gum Pond township has the largest proportion of person in poverty Under 12 Years at 24% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 18 to 34 years at 32% 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. Gum Pond township has less than highschool in poverty less than most other places in the area at 29% of the total and is ranked 3d last in the group. Second, it has the largest proportion of highschool graduate and in poverty at 19% 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 Gum Pond township shows it has 18.2% households with public assistance which is the 2nd most of all the places in the area . The city with the highest households with public assistance in the area is McFall township with a households with public assistance of 36.4% is about twice as large.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Gum Pond township shows it has 52.0% the Gini Index which is the most of all places in the area .

Gum Pond township Arkansas Work Commute Charts

Figure 33 shows a more detailed view of how people get to work for this location and shows Gum Pond township has the largest proportion of people who carpooled 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. Gum Pond township has the largest proportion of people who leave for work between 530 am to 6am at 8% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 12noon to 4pm at 7% 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. Gum Pond township has people with commute time between 5 to 9 minutes in the mid range of other places in the area at 40% of the total and is ranked in the middle of the group.

The average commute time is shown in Figure 37. Gum Pond township shows it has 12 average commute time which is the 5th ranked in average commute time out of 10 total in the area .

Figure 38 shows the difference between male versus female commuting time and Gum Pond township shows average commute time in minutes for men is about 9.1% smaller 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.) Gum Pond township shows it has 86% 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%, Gum Pond township is about twice as large. Also, versus the state of Arkansas, people who both work and live in the same city of 51%, Gum Pond township is 68.9% larger.

Gum Pond 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. Gum Pond township shows it has hightest median earnings of $71,563 for Management, business, and financial occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Gum Pond township reveals it has hightest median earnings of $55,156 for Earnings-Education, legal, community service, arts, media occupations.

Gum Pond township Arkansas Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Gum Pond township shows it has hightest entrepreneurs of 70% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. Gum Pond township indicates it has hightest entrepreneurs of 42% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. Gum Pond township shows it has $26,024 average annual self employment income which is the 5th ranked in average annual self employment income out of 10 total in the area . The city with the highest average annual self employment income in the area is Ulm with an average annual self employment income of $71,233 is approximately 2.7 times bigger. Comparing average annual self employment income to the United States average of $37,819, Gum Pond township is approximately three-fourths the size. Also, measured against the state of Arkansas, average annual self employment income of $33,965, Gum Pond township compares as approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Gum Pond township shows total number of self-employed men is approximately three-fourths the size than total number of self-employed women.