McAlmont CDP Arkansas Income Charts

This section shows the McAlmont CDP Arkansas economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, McAlmont CDP depicts it has a Median earnings of $22,394 which is the second smallest in terms of median earnings per worker of all the other places in the local area. The place with the highest median earnings per worker in the area is Cammack Village which indicates a median earnings of $65,000 (approximately 2.9 times bigger). Comparing median earnings per worker to the United States average of $53,269, McAlmont CDP is approximately half the size. Also, compared with the state of Arkansas, median earnings per worker of $43,103, McAlmont CDP is approximately half 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 $27,679 which is the smallest as measured by median household income of all the other places in the metro area. The place with the highest median household income in the area is Cammack Village which depicts a median income of $83,750 (approximately 3.0 times bigger). Comparing median household income to the United States average of $69,021, McAlmont CDP is approximately half the size. Also, compared to the state of Arkansas, median household income of $52,123, McAlmont CDP is approximately half the size.

The next section examines a variety of different income statistics for the McAlmont CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 8.5% of the total and is ranked #2. The only larger place being Gibson CDP with 8.9%. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 70.8% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 1.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 43.4 which is the largest of all places in the greater McAlmont CDP region. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $9.92 which is the second smallest when sorted by average hourly earnings of all the other places in the metro area. The place with the highest average hourly earnings in the area is Cammack Village which depicts an average hourly earnings of $31.09 (approximately 3.1 times bigger). Comparing average hourly earnings to the United States average of $26.40, McAlmont CDP is approximately a third the size. Also, in contrast to the state of Arkansas, average hourly earnings of $20.98, McAlmont CDP is approximately half the size.

Figure 7 examines the number of self employed people in the McAlmont CDP metro area based on the number of people who reported any self employment income. McAlmont CDP depicts it has a Self Employed of 1.6% which is the second smallest when sorted by percentage of people self employed of all the other places in the greater region. The place with the highest percentage of people self employed in the area is Cammack Village which shows a percentage self employed of 16.9% ( considerably bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years the second smallest when ranked by median income for those under 25 years of age of all the other places in the area at $21,238 of the total. Second, it has the second smallest in order of median income for those under 25 years of age of all the other places in the metropolitan area in order of median income-25 to 44 years at $29,411 of the total. Third, it has the second smallest in order of median income for those under 25 years of age of all the other places in the local area when ranked by median income-45 to 64 years at $2,499 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 With Retirement Income of 7.3% which is the second smallest as measured by households with retirement income of all the other places in the metropolitan area. The place with the highest households with retirement income in the area is Gibson CDP which depicts a households with retirement income of 28.8% (approximately 4.0 times bigger).

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 local area at $35,000 of the total. Second, it has in the middle range of other places in the local area when ranked by white family income at $21,639 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. McAlmont CDP shows it has the hightest cost of 104.1 for the cost of utilities classification.

McAlmont CDP Arkansas Labor Force Charts

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 shows that from February 2017 to before the Coronavirus Pandemic it went from 3.9% to 3.9% in December 2019. This represents an increase in the monthly unemployment rate of very little. Since that time, the monthly unemployment rate has gone to 3.9%. 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. The monthly labor force participation depicts that from January 2017 to before the Coronavirus Pandemic it went from 28,934 to 29,984 in November 2019. This represents an increase in the monthly labor force participation of 3.6%. Since that time, the monthly labor force participation has gone to 29,984. 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 McAlmont CDP shows it has a Unemployment Rate of 28.1% which is the largest of all places in the greater McAlmont CDP region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. McAlmont CDP depicts it has a Labor Force Participation of 67.6% which is the second most participation rates of all the places in the greater McAlmont CDP 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). McAlmont CDP has the largest proportion of employed at 28.1% 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. McAlmont CDP shows full time employees very much 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 McAlmont CDP area. McAlmont CDP depicts it has a Single Earner Families of 10.0% which is the smallest in order of families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is College Station CDP which shows a single earners rate of 100.0% ( very much bigger). The percentage of families with no one working is depicted in Figure 22. McAlmont CDP shows it has a Families with No One Working of 64.0% which is more than all other places in the greater McAlmont CDP region.

McAlmont CDP Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the McAlmont CDP 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. McAlmont CDP shows it has a Total In Poverty of 823 which is in the mid range of other places in the metro area. The place with the highest total people earning less than the poverty level in the area is North Little Rock which depicts a total people earning less than the poverty level of 13,890 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. McAlmont CDP depicts it has a Percent of Population In Poverty of 62.0% which is ranked #1 of all places in the greater McAlmont CDP region.

In Figure 25 people who are in poverty are broken out by age group. McAlmont CDP has the percentage of person in poverty 12 to 17 years the second smallest when sorted by person in poverty under 12 years of all the other places in the metropolitan area at 21% of the total. Second, it has less than most other places in the greater region when sorted by person in poverty 18 to 34 years at 5% of the total. Third, it has the largest proportion of person in poverty 55 to 64 years at 14% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. McAlmont CDP has the largest proportion of white poverty rate at 66% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. McAlmont CDP has the largest proportion of married with children and in poverty at 77% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 92% 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. McAlmont CDP has the largest proportion of less than highschool in poverty at 32% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 31% of the total and is ranked #1. Third, it has the largest proportion of has some college and in poverty at 72% 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.) McAlmont CDP shows it has a Public Assistance Percent of 13.2% which is less than most other places in the metropolitan area. The place with the highest households with public assistance in the area is College Station CDP which shows a households with public assistance of 61.3% (approximately 4.6 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). McAlmont CDP shows it has a Gini Index of 38.0% which is less than most other places in the metro area.

McAlmont CDP 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 McAlmont CDP 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.) McAlmont CDP has the largest proportion of people who bicycle or walk to work at 39% 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 McAlmont CDP or elsewhere.) McAlmont CDP has the smallest proportion of people who drove alone at 24% of the total. Second, it has the largest proportion of people who carpooled at 37% of the total and is ranked #1. Third, it has the largest proportion of people who work from home at 39% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. McAlmont CDP has the largest proportion of people who leave for work between 5am to 530am at 10% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 530 am to 6am at 34% of the total and is ranked #1. Third, it has the second smallest as measured by people who leave for work between 12am to 5am of all the other places in the metro area when sorted by people who leave for work between 630 am to 7am at 13% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. McAlmont CDP has the largest proportion of people with commute time of less than 5 minutesutes at 43% of the total and is ranked #1.

The average commute time is shown in Figure 37. McAlmont CDP depicts it has a Avg Commute Time of 16 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. McAlmont CDP shows average commute time in minutes for men approximately 3.5 times bigger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and McAlmont CDP has the largest proportion of no vehicle available at 60% 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.) McAlmont CDP depicts it has a Work in city or place where live of 39% which is at the top of all other places in the greater McAlmont CDP region. Comparing people who both work and live in the same city to the United States average of 44%, McAlmont CDP is about 14.0% smaller. Also, measured against the state of Arkansas, people who both work and live in the same city of 51%, McAlmont CDP is approximately three-fourths the size.

McAlmont CDP Arkansas Jobs Charts

Similarly, Figure 47 shows the median earnings of women for the job categories and McAlmont CDP shows it has the hightest median earnings of $21,686 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows McAlmont CDP employment data in terms of job categories and salary data.