Mount Olive township Arkansas Income Charts

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 $26,324 which is the smallest as measured by median household income of all the other places in the greater region. The city with the highest median household income in the area is Calico Rock which depicts a median income of $42,500 (61.4% larger). Comparing median household income to the United States average of $60,293, Mount Olive township is approximately half the size. Also, compared to the state of Arkansas, median household income of $45,726, Mount Olive township is approximately half the size.

The next section examines a variety of different income statistics for the Mount Olive township metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 45.0% of the total and is ranked #1. Second, it has one of the largest proportions of earnings between $20,000 and $49,999 at 55.0% of the total and is ranked #2. The only larger city being Pineville with 56.0%.

Figure 7 examines the number of self employed people in the Mount Olive township metro area based on the number of people who reported any self employment income. Mount Olive township depicts it has a percentage of people self employed of 16.7% which is the second most people self employed of all the places in the greater Mount Olive township region. The city with the highest percentage of people self employed in the area is Guion which depicts a percentage self employed of 21.7% (30.4% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-45 to 64 years less than most other places in the metropolitan area at $26,324 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. Mount Olive township depicts it has the hightest cost of 99.4 for the cost of transportation category.

Mount Olive 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 shows that from January 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 8.4% to 4.1% in March 2020. This represents a decrease in the monthly unemployment rate of 51.2%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 70.7%. 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 disasterous COVID-19 Pandemic the monthly labor force participation went from 30,977 to 33,891 in March 2020. This represents an increase in the monthly labor force participation of 9.4%. Since that time, the monthly labor force participation has gone to 32,510 This represents a decrease in the monthly labor force participation of 4.1%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Mount Olive township shows it has a participation rate of 17.5% which is the smallest as measured by participation rate of all the other places in the local area.

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). Mount Olive township has the smallest proportion of employed at 17.5% of the total. Second, it has the largest proportion of not in labor force at 82.5% 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. Mount Olive township shows full time employees 22.2% larger 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 Mount Olive township area. Mount Olive township depicts it has a families with a single earner of 100.0% which is the most of all places in the greater Mount Olive township region.

Mount Olive township Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Mount Olive 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. Mount Olive township depicts it has a total people earning less than the poverty level of 20 which is less than most other places in the local area. The city with the highest total people earning less than the poverty level in the area is Mountain View which shows a total people earning less than the poverty level of 982 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Mount Olive township depicts it has a percent of people earning less than the poverty level of 17.5% which is in the mid point range of other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Mountain View which shows a percent of people in poverty of 35.9% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Mount Olive township has the largest proportion of person in poverty 55 to 64 years 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. Mount Olive township has the largest proportion of has some college and in poverty at 45% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Mount Olive township has the largest proportion of people who are in poverty and employed at 45.0% of the total and is ranked #1. Second, it has the largest proportion of people who are in poverty and not in labor force at 55.0% 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.) Mount Olive township depicts it has a households with public assistance of 63.0% which is the most of all places in the greater Mount Olive township region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Mount Olive township depicts it has a the gini index of 21.1% which is the smallest in order of the gini index of all the other places in the greater region.

Mount Olive 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 Mount Olive 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.) Mount Olive township has the largest proportion of people who drive a car or motorcycle to work at 100% 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 Mount Olive township or elsewhere.) Mount Olive township has the smallest proportion of people who drove alone at 45% of the total. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 55% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Mount Olive township has the largest proportion of people who leave for work between 7am to 730am at 55% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 10am to 11am at 45% 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. Mount Olive township has one of the largest proportions of people with commute time of less than 5 minutesutes at 55% of the total and is ranked #2. The only larger city being Melbourne with 55%. Second, it has the largest proportion of people with commute time between 20 to 24 minutes at 45% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and Mount Olive township has the largest proportion of 1 vehicle available at 55% of the total and is ranked #1.

Mount Olive township Arkansas Jobs Charts

The table in Figure 48, shows Mount Olive township employment data in terms of job categories and salary data.