Midway CDP Arkansas Income Charts

This section shows the Midway CDP Arkansas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Midway CDP shows it has a Median earnings of $35,563 which is the second most median earnings of all the places in the greater Midway CDP region. The place with the highest median earnings per worker in the area is Gassville which shows a median earnings of $38,750 (9.0% larger). Comparing median earnings per worker to the United States average of $49,041, Midway CDP is approximately three-fourths the size. Also, in comparison with the state of Arkansas, median earnings per worker of $40,032, Midway CDP is about 12.6% 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 $55,391 which is the highest of all places in the metro area. Comparing median household income to the United States average of $62,843, Midway CDP is about 13.5% smaller. Also, compared with the state of Arkansas, median household income of $47,597, Midway CDP is 16.4% larger.

The next section examines a variety of different income statistics for the Midway CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $10,000 and $14,999 at 24.2% of the total and is ranked #2. The only larger place being Bull Shoals with 26.5%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.5 which is the third most of all other places in the local area. The place with the highest average hours in the area is Flippin which shows an average hours of 40.0 (only about 3.9% larger). 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 $17.76 which is the second most average hourly earnings of all the places in the greater Midway CDP region. The place with the highest average hourly earnings in the area is Gassville which depicts an average hourly earnings of $20.36 (14.6% larger). Comparing average hourly earnings to the United States average of $24.31, Midway CDP is approximately three-fourths the size. Also, measured against the state of Arkansas, average hourly earnings of $19.54, Midway CDP is about 10.0% smaller.

Figure 7 examines the number of self employed people in the Midway CDP metro area based on the number of people who reported any self employment income. Midway CDP shows it has a Self Employed of 3.7% which is the smallest in order of percentage of people self employed of all the other places in the area. The place with the highest percentage of people self employed in the area is Gassville which depicts a percentage self employed of 12.8% (approximately 3.5 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $76,211 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $57,636 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $38,500 of the total and is ranked #3. Only #2 Cotter ($45,000), and #1 Lakeview ($45,625) are larger.

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 26.3% which is in the mid range of other places in the metro area. The place with the highest households with retirement income in the area is Lakeview which depicts a households with retirement income of 44.9% (70.9% 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 less than most other places in the area at $43,260 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. Midway CDP depicts it has the hightest cost of 99.4 for the cost of transportation grouping.

Midway CDP 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-19 virus Pandemic the monthly unemployment rate went from 8.9% to 3.2% in February 2020. This represents a decrease in the monthly unemployment rate of 64.0%. Since that time, the monthly unemployment rate has gone to 5.3% This represents an increase in the monthly unemployment rate of 65.6%. 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 Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 82,895 to 87,956 in February 2020. This represents an increase in the monthly labor force participation of 6.1%. Since that time, the monthly labor force participation has gone to 87,951 This represents a decrease 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 Midway CDP depicts it has a Unemployment Rate of 3.1% which is the second most unemployment rate of all the places in the greater Midway CDP region. The place with the highest unemployment rate in the area is Flippin which depicts a rate of 6.7% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Midway CDP shows it has a Labor Force Participation of 55.8% which is the third most of all other places in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Midway CDP depicts full time employees approximately 3.6 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 Midway CDP area. Midway CDP shows it has a Single Earner Families of 28.2% which is the third most of all other places in the local area. The place with the highest families with a single earner in the area is Gassville which depicts a single earners rate of 33.5% (18.8% larger). The percentage of families with no one working is depicted in Figure 22. Midway CDP depicts it has a Families with No One Working of 27.3% which is less than most other places in the metro area. The place with the highest families with no one working in the area is Lakeview which indicates a families with no worker of 63.3% (approximately 2.3 times bigger).

Midway CDP Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Midway 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. Midway CDP depicts it has a Total In Poverty of 144 which is the second smallest when ranked by total people earning less than the poverty level of all the other places in the local area. The place with the highest total people earning less than the poverty level in the area is Mountain Home which depicts a total people earning less than the poverty level of 1,228 ( appreciably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Midway CDP depicts it has a Percent of Population In Poverty of 12.8% which is in the center range of other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Flippin which depicts a percent of people in poverty of 27.9% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Midway CDP has one of the largest proportions of person in poverty under 12 years at 16% of the total and is ranked #2. The only larger place being Cotter with 27%. Second, it has less than most other places in the greater region when ranked by person in poverty 35 to 54 years at 12% of the total. Third, it has less than most other places in the local area in order of person in poverty 55 to 64 years at 11% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Midway CDP has the largest proportion of unmarried with children and in poverty at 100% 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. Midway CDP has the smallest proportion of less than highschool in poverty at 5% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 5% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Midway CDP has the largest proportion of people who are in poverty and employed at 20.8% 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.) Midway CDP depicts it has a Public Assistance Percent of 10.3% which is in the middle range of other places in the greater region. The place with the highest households with public assistance in the area is Flippin which depicts a households with public assistance of 29.5% (approximately 2.9 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Midway CDP shows it has a Gini Index of 24.8% which is the smallest when ranked by the gini index of all the other places in the metro area.

Midway CDP Arkansas Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Midway CDP or elsewhere.) Midway CDP has one of the largest proportions of people who drove alone at 88% of the total and is ranked #2. The only larger place being Cotter with 89%.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Midway CDP has the largest proportion of people who leave for work between 530 am to 6am at 21% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 6% of the total. Third, it has the largest proportion of people who leave for work between 10am to 11am at 4% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 12noon to 4pm at 20% 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. Midway CDP has one of the largest proportions of people with commute time of less than 5 minutesutes at 18% of the total and is ranked #3. Only #2 Flippin (36%), and #1 Mountain Home (38%) are larger. Second, it has the largest proportion of people with commute time between 5 to 9 minutes at 39% of the total and is ranked #1. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 30% of the total and is ranked #2. The only larger place being Gassville with 34%.

The average commute time is shown in Figure 37. Midway CDP depicts it has a Avg Commute Time of 13 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Midway CDP depicts average commute time in minutes for men only about 2.7% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Midway CDP has one of the largest proportions of no vehicle available at 23% of the total and is ranked #2. The only larger place being Mountain Home with 23%. Second, it has the second smallest in order of no vehicle available of all the other places in the local area when ranked by 1 vehicle available at 48% of the total. Third, it has the largest proportion of 2 vehicles available at 22% 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.) Midway CDP depicts it has a Work in city or place where live of 12% which is less than most other places in the greater region. The place with the highest people who both work and live in the same city in the area is Mountain Home which depicts a people who both work and live in the same city of 82% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Midway CDP is approximately a third the size. Also, measured against the state of Arkansas, people who both work and live in the same city of 51%, Midway CDP is approximately a quarter the size.

Midway CDP 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. Midway CDP shows it has the hightest median earnings of $41,597 for the earnings-production, transportation, material moving occupations aggregate. The table in Figure 48, shows Midway CDP employment data in terms of job categories and salary data.