Little Rock Arkansas Income Charts

This section shows the Little Rock Arkansas economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Little Rock depicts it has a Median earnings of $48,556 which is the second most median earnings of all the places in the greater Little Rock region. The city with the highest median earnings per worker in the area is Cammack Village which shows a median earnings of $65,000 (33.9% larger). Comparing median earnings per worker to the United States average of $53,269, Little Rock is about 9.7% smaller. Also, in comparison with the state of Arkansas, median earnings per worker of $43,103, Little Rock is 12.7% larger.

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 $56,928 which is the third most median income of all other places in the greater Little Rock region. The city with the highest median household income in the area is Cammack Village which shows a median income of $83,750 (47.1% larger). Comparing median household income to the United States average of $69,021, Little Rock is about 21.2% smaller. Also, measured against the state of Arkansas, median household income of $52,123, Little Rock is 9.2% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $23.70 which is the second most average hourly earnings of all the places in the greater Little Rock region. The city with the highest average hourly earnings in the area is Cammack Village which shows an average hourly earnings of $31.09 (31.2% larger). Comparing average hourly earnings to the United States average of $26.40, Little Rock is about 11.4% smaller. Also, benchmarked against the state of Arkansas, average hourly earnings of $20.98, Little Rock is 12.9% larger.

Figure 5 examines the number of self employed people in the Little Rock metro area based on the number of people who reported any self employment income. Little Rock depicts it has a Self Employed of 9.3% which is in the center range of other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Cammack Village which shows a percentage self employed of 16.9% (about twice as large).

The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 17.6% which is less than most other places in the surrounding region. The city with the highest households with retirement income in the area is Landmark CDP which depicts a households with retirement income of 20.5% (16.5% larger).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Little Rock depicts full time employees approximately 4.5 times bigger as the part time employees.

Similar to the last chart is Figure 9 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. Little Rock depicts it has the hightest entrepreneurs of 27% for the self employed in professional, scientific, management, administrative services category.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Little Rock depicts it has the hightest cost of 104.1 for the cost of utilities group.

Little Rock Arkansas Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Little Rock shows it has a Percent of Population In Poverty of 15.6% which is in the center range of other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Sweet Home CDP which depicts a percent of people in poverty of 52.3% (approximately 3.4 times bigger). Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Little Rock indicates it has a Public Assistance Percent of 10.9% which is less than most other places in the greater region. The city with the highest households with public assistance in the area is College Station CDP which depicts a households with public assistance of 61.3% ( considerably bigger).

Little Rock Arkansas Labor Force Charts

The table in Figure 13, shows Little Rock employment data in terms of job categories and salary data.

The next two charts look at 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 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the disasterous Coronavirus Pandemic it went from 3.7% to 3.1% in December 2019. This represents a decrease in the monthly unemployment rate of 16.2%. Since that time, the monthly unemployment rate has gone to 3.1%. This represents an increase in the monthly unemployment rate of very little.

Little Rock Arkansas Jobs Charts

In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.

Figure 16 shows the average median earnings for different categories of jobs.

Little Rock 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 Little Rock community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Little Rock has the largest proportion of people who take public transportation to work at 2% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 8% of the total and is ranked #1. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Little Rock or elsewhere.) Little Rock has the largest proportion of people who carpooled at 10% of the total and is ranked #1. Second, it has the largest proportion of people who take the ferry at 0% of the total and is ranked #1. Third, it has the largest proportion of people who walked at 2% of the total and is ranked #1. Also, it has the largest proportion of people who work from home at 8% of the total and is ranked #1.

Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.

The average commute time is shown in Figure 21. Little Rock shows it has a Avg Commute Time of 18 which is less than most other places in the local area.