Izard County 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. Izard County reveals it has $32,534 median earnings which is the 6th ranked in median earnings out of 10 total in the area. The county with the highest median earnings in the area is Independence County with an earnings of $34,768 measures 6.9% larger. Comparing median earnings to the United States average of $47,712, Izard County is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median earnings of $38,970, Izard County is about 19.8% 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 $40,218 median income which is the 4th ranked in median income out of 10 total in the area. The county with the highest median income in the area is Independence County with an income of $43,523 is 8.2% larger. Comparing median income to the United States average of $60,293, Izard County is approximately three-fourths the size. Also, measured against the state of Arkansas, median income of $45,726, Izard County is about 13.7% 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 of less than $10,000 at 23.4% 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 40.6 average hours which is the largest of all countiesin the area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $15.41 average hourly earnings which is the 4th smallest average hourly earnings of all the other counties in the area. The county with the highest average hourly earnings in the area is Baxter County with an average hourly earnings of $17.28 measures 12.1% larger. Comparing average hourly earnings to the United States average of $23.71, Izard County is approximately three-fourths the size. Also, in contrast to the state of Arkansas, average hourly earnings of $19.02, Izard County measures about 23.4% 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. Izard County shows it has 8.3% Self Employed which is the 4th smallest Self Employed of all the other counties in the area. The county with the highest Self Employed in the area is Stone County with a Self Employed of 17.2% is about twice as large.

In terms of the source of where income comes from, in Figure 9 Izard County has the largest proportion of investment and retirement income at 22.5% 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 29.1% households with retirement income which is the 2nd most of all the counties in the area. The county with the highest households with retirement income in the area is Baxter County with a households with retirement income of 29.5% is only slightly larger.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of Hispanic Family Income at $85,694 of the total and is ranked #1.

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

Izard County 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 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 11.7% to 6.7% in February 2020. This represents a decrease in the monthly unemployment rate of 42.7%. Since that time, the monthly unemployment rate has gone to 11.0% This represents an increase in the monthly unemployment rate of 64.2%. 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 February 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 5,076 to 4,891 in February 2020. This represents a decrease in the monthly labor force participation of 3.6%. Since that time, the monthly labor force participation has gone to 4,808 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 Izard County shows it has 4.2% unemployment rate which is the highest of all countiesin the area. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Izard County shows it has 45.2% participation rate which is the 5th ranked in participation rate out of 10 total in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Izard County shows full time employees is approximately 4.0 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. Izard County shows it has 24.2% families with a single earner which is the 6th ranked in families with a single earner out of 10 total in the area. The county with the highest families with a single earner in the area is Stone County with a single earners rate of 33.2% is 37.0% larger. The percentage of families with no one working is depicted in Figure 22. Izard County shows it has 33.3% families with no one working which is the 4th ranked in families with no one working out of 10 total in the area. The county with the highest families with no one working in the area is Baxter County with a families with no worker of 36.5% measures 9.6% larger.

Izard County 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. Izard County shows it has 2,156 total people earning less than the poverty level which is the 4th smallest total people earning less than the poverty level of all the other counties in the area. The county with the highest total people earning less than the poverty level in the area is Independence County with a total people earning less than the poverty level of 6,254 is approximately 2.9 times bigger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Izard County shows it has 17.1% percent of people earning less than the poverty level which is the 5th ranked in percent of people earning less than the poverty level out of 10 total in the area. The county with the highest percent of people earning less than the poverty level in the area is Fulton County with a percent of people in poverty of 23.9% is 40.2% larger.



Figure 27 shows key poverty statistics for groups based on marriage status. Izard County has the largest proportion of Unmarried Female with children and in poverty at 88% 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 Izard County shows it has 13.2% households with public assistance which is the 4th ranked in households with public assistance out of 10 total in the area. The county with the highest households with public assistance in the area is Sharp County with a households with public assistance of 18.7% is 41.8% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Izard County shows it has 42.6% the Gini Index which is the 4th smallest the Gini Index of all the other counties in the area.

Izard County Work Commute Charts

Figure 33 shows a more detailed view of how people get to work for this location and shows Izard County has the largest proportion of people who carpooled at 16% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Izard County has the largest proportion of people who leave for work between 12noon to 4pm at 10% 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. Izard County has the largest proportion of people with commute time of less than 5 minutes at 20% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Izard County shows it has 20 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 Izard County shows average commute time in minutes for men measures only about 3.6% smaller than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Izard County has the largest proportion of 4 vehicles available at 18% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Izard County indicates it has 43% people who both work and live in the same city which is the 5th ranked in people who both work and live in the same city out of 10 total in the area. The county with the highest people who both work and live in the same city in the area is Stone County with a people who both work and live in the same city of 69% is 59.7% larger. Comparing people who both work and live in the same city to the United States average of 42%, Izard County is only about 2.8% larger. Also, benchmarked against the state of Arkansas, people who both work and live in the same city of 51%, Izard County is about 18.7% smaller.

Izard County 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. Izard County shows it has hightest median earnings of $102,981 for Earnings-Computer, engineering, and science occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Izard County shows it has hightest median earnings of $42,333 for Earnings-Education, legal, community service, arts, media occupations.

Izard County Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Izard County shows it has hightest entrepreneurs of 76% 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. Izard County illustrates it has hightest entrepreneurs of 27% for self employed in finance, insurance, real estate, rental and leasing.

In Figure 51 the average annual self employment income is shown. Izard County shows it has $19,101 average annual self employment income which is the 4th smallest average annual self employment income of all the other counties in the area. The county with the highest average annual self employment income in the area is Independence County with an average annual self employment income of $34,084 is 78.4% larger. Comparing average annual self employment income to the United States average of $37,819, Izard County is approximately half the size. Also, measured against the state of Arkansas, average annual self employment income of $33,965, Izard County measures approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Izard County shows total number of self-employed men measures approximately 2.4 times bigger than total number of self-employed women.