Gum Pond township Arkansas Income Charts

This section shows the Gum Pond 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, Gum Pond township depicts it has a median earnings per worker of $33,145 which is the second smallest when sorted by median earnings per worker of all the other places in the area. The city with the highest median earnings per worker in the area is Humnoke which shows a median earnings of $40,313 (21.6% larger). Comparing median earnings per worker to the United States average of $47,712, Gum Pond township is approximately three-fourths the size. Also, compared to the state of Arkansas, median earnings per worker of $38,970, Gum Pond township is about 17.6% 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 $37,778 which is less than most other places in the surrounding region. The city with the highest median household income in the area is Humnoke which depicts a median income of $53,393 (41.3% larger). Comparing median household 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 household income of $45,726, Gum Pond township is about 21.0% smaller.

The next section examines a variety of different income statistics for the Gum Pond township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 21.2% of the total and is ranked #3. Only #2 Humphrey (22.4%), and #1 Humnoke (23.6%) are larger. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 8.0% of the total and is ranked #1. Third, it has one of the largest proportions of earnings of $100,000 more at 5.4% of the total and is ranked #3. Only #2 Stuttgart (5.5%), and #1 Humnoke (5.7%) are larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 39.2 which is less than most other places in the greater region. The city with the highest average hours in the area is Almyra which shows an average hours of 45.5 (16.1% 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 $16.26 which is in the middle range of other places in the metro area. The city with the highest average hourly earnings in the area is Humnoke which shows an average hourly earnings of $20.51 (26.1% larger). Comparing average hourly earnings to the United States average of $23.71, Gum Pond township is approximately three-fourths the size. Also, measured against 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 Gum Pond township metro area based on the number of people who reported any self employment income. Gum Pond township shows it has a percentage of people self employed of 8.1% which is less than most other places in the local area. The city with the highest percentage of people self employed in the area is Almyra which depicts a percentage self employed of 22.0% (approximately 2.7 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $16,333 of the total and is ranked #2. The only larger city being Stuttgart with $16,917. Second, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the greater region when sorted by median income-25 to 44 years at $37,971 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $44,364 of the total and is ranked #3. Only #2 Almyra ($55,000), and #1 Humnoke ($80,500) are larger. Also, it has one of the largest proportions of median income-65 years and over at $38,289 of the total and is ranked #2. The only larger city being Ulm with $43,750.

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 22.4% which is in the middle range of other places in the metropolitan area. The city with the highest households with retirement income in the area is Roe which shows a households with retirement income of 35.7% (59.5% 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 the second smallest in terms of overall family income of all the other places in the metro area at $46,667 of the total. Second, it has one of the largest proportions of white family income at $67,863 of the total and is ranked #3. Only #2 Stuttgart ($69,113), and #1 Almyra ($75,000) are larger. Third, it has one of the largest proportions of black family income at $26,983 of the total and is ranked #3. Only #2 Stuttgart ($27,287), and #1 Humphrey ($63,125) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Gum Pond township depicts it has the hightest cost of 104.1 for the cost of utilities aggregate.

Gum Pond 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 2010 to before the disasterous COVID Pandemic the monthly unemployment rate went from 13.7% to 6.0% in December 2019. This represents a decrease in the monthly unemployment rate of 56.2%. Since that time, the monthly unemployment rate has gone to 6.0% 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 2010 to before the Wuhan virus Pandemic the monthly labor force participation went from 20,849 to 16,497 in November 2019. This represents a decrease in the monthly labor force participation of 20.9%. Since that time, the monthly labor force participation has gone to 16,497 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 Gum Pond township depicts it has an unemployment rate of 4.3% which is the second most unemployment rate of all the places in the greater Gum Pond township region. The city with the highest unemployment rate in the area is Humphrey which depicts a rate of 8.1% (about twice as large). 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 a participation rate of 58.0% which is in the mid range of other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Gum Pond township depicts full time employees approximately 4.2 times 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 Gum Pond township area. Gum Pond township depicts it has a families with a single earner of 28.0% which is the third most families with a single earner of all other places in the greater Gum Pond township region. The city with the highest families with a single earner in the area is Humphrey which depicts a single earners rate of 35.6% (27.3% larger). The percentage of families with no one working is depicted in Figure 22. Gum Pond township shows it has a families with no one working of 18.7% which is less than most other places in the local area. The city with the highest families with no one working in the area is Roe which shows a families with no worker of 45.8% (approximately 2.4 times bigger).

Gum Pond township Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Gum Pond 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. Gum Pond township shows it has a total people earning less than the poverty level of 1,910 which is the second 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 which shows a total people earning less than the poverty level of 1,939 ( 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 depicts it has a percent of people earning less than the poverty level of 22.1% which is the third most of all other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Ulm which depicts a percent of people in poverty of 23.4% (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. Third, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the local area when sorted by person in poverty 35 to 54 years at 14% of the total. Also, it has the second smallest when ranked by person in poverty under 12 years of all the other places in the surrounding region when sorted by person in poverty 65+ years at 8% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Gum Pond township has one of the largest proportions of black poverty rate at 34% of the total and is ranked #2. The only larger city being Stuttgart with 35%. Second, it has the largest proportion of hispanicp poverty rate at 1% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Gum Pond township has one of the largest proportions of unmarried with children and in poverty at 54% of the total and is ranked #2. The only larger city being Stuttgart with 57%. Second, it has one of the largest proportions of unmarried female with children and in poverty at 56% of the total and is ranked #2. The only larger city being Stuttgart with 61%. Third, it has one of the largest proportions of unmarried male with children and in poverty at 42% of the total and is ranked #2. The only larger city being Ulm with 73%.

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 the percentage of less than highschool in poverty less than most other places in the greater region at 29% of the total. Second, it has one of the largest proportions of highschool graduate and in poverty at 19% of the total and is ranked #2. The only larger city being Almyra with 22%. Third, it has one of the largest proportions of has some college and in poverty at 16% of the total and is ranked #3. Only #2 Stuttgart (17%), and #1 Almyra (18%) are larger. Also, it has the largest proportion of college graduate and in poverty at 1% 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.) Gum Pond township depicts it has a households with public assistance of 18.2% which is more than all other places in the greater Gum Pond township region.

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

Gum Pond 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 Gum Pond 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.) Gum Pond township has the largest proportion of people who take public transportation to work at 0% 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 Gum Pond township or elsewhere.) Gum Pond township has the largest proportion of people who take the bus at 0% 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 percentage of people who leave for work between 12am to 5am less than most other places in the surrounding region at 5% of the total. Second, it has the largest proportion of people who leave for work between 11am to 12noon at 1% 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 the largest proportion of people with commute time of less than 5 minutesutes at 13% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 40% of the total and is ranked #2. The only larger city being Stuttgart with 41%. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 25% of the total and is ranked #2. The only larger city being Ulm with 37%. Also, it has the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the local area in order of people with commute time between 15 to 19 minutes at 11% of the total. In addition, it has the smallest proportion of people with commute time between 20 to 24 minutes at 1% of the total. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 0% of the total and is ranked #1. Next it has the largest proportion of people with commute time of 90 or more minutesutes at 1% of the total and is ranked #1.

The average commute time is shown in Figure 37. Gum Pond township shows it has an average commute time of 12 which is the second smallest as measured by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Gum Pond township shows average commute time in minutes for men about 9.1% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Gum Pond township has the percentage of no vehicle available in the mid range of other places in the metropolitan area at 6% of the total. Second, it has one of the largest proportions of 2 vehicles available at 43% of the total and is ranked #2. The only larger city being Almyra with 49%. Third, it has less than most other places in the local area when ranked by 3 vehicles available at 14% of the total. Also, it has in the middle range of other places in the local area as measured by 4 vehicles available at 8% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Gum Pond township depicts it has a people who both work and live in the same city of 86% which is more than all other places in the greater Gum Pond township region. 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, in contrast to 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 the hightest median earnings of $71,563 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Gum Pond township depicts it has the hightest median earnings of $55,156 for the earnings-education, legal, community service, arts, media occupations aggregate. The table in Figure 48, shows Gum Pond township employment data in terms of job categories and salary data.

Gum Pond township Arkansas Self Employment Charts

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

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Gum Pond township depicts it has the hightest entrepreneurs of 42% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Gum Pond township shows it has an average annual self employment income of $26,024 which is in the center range of other places in the metro area. The city with the highest average annual self employment income in the area is Ulm which shows an average annual self employment income of $71,233 (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, benchmarked against the state of Arkansas, average annual self employment income of $33,965, Gum Pond township is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Gum Pond township shows total number of self-employed men approximately three-fourths the size as the total number of self-employed women.