Oil Trough Arkansas Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2018 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Oil Trough demonstrates it has $50,625 median earnings which is the largest of all placesin the area. Comparing median earnings to the United States average of $46,022, Oil Trough measures 10.0% larger. Also, versus the state of Arkansas, median earnings of $37,301, Oil Trough is 35.7% larger.

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 $35,833 median income which is the 4th in median income out of 10 total in the area. The city with the highest median income in the area is Rosie township with an income of $59,583 is 66.3% larger. Comparing median income to the United States average of $57,652, Oil Trough is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median income of $43,813, Oil Trough measures about 22.3% smaller.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 37.8 average hours which is the 3d most of all other places in the area. The city with the highest average hours in the area is Rosie township with an average hours of 41.5 is 9.8% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $25.76 average hourly earnings which is more than all other placesin the area. Comparing average hourly earnings to the United States average of $22.87, Oil Trough is 12.6% larger. Also, measured against the state of Arkansas, average hourly earnings of $18.25, Oil Trough is 41.1% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Oil Trough points out it has 3.2% Self Employed which is the 6th in Self Employed out of 10 total in the area. The city with the highest Self Employed in the area is Rosie township with a Self Employed of 29.3% is considerably bigger.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income-65 years and over at $31,250 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 26.6% households with retirement income which is the 2nd most of all the places in the area. The city with the highest households with retirement income in the area is Rosie township with a households with retirement income of 28.3% is 6.3% larger.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Oil Trough illustrates it has hightest cost of 97.5 for Cost of grocery items.

Oil Trough Arkansas 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 January 2010 to January 2019 the Monthly Unemployment Rate went from 9.1% to 3.6%. This represents a decrease in the Monthly Unemployment Rate of 60.4%. 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 participation level It indicates that from March 2010 to March 2019 the Monthly Labor Force Participation went from 32,958 to 38,281. This represents an increase in the Monthly Labor Force Participation of 16.2%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Oil Trough shows it has 2.3% unemployment rate which is the 4th in unemployment rate out of 10 total in the area. The city with the highest unemployment rate in the area is Departee township with a rate of 12.1% is substantially bigger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Oil Trough indicates it has 61.0% participation rate which is the 2nd most of all the places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Oil Trough shows full time employees is approximately 2.7 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. Oil Trough illustrates it has 46.2% families with a single earner which is the 2nd most of all the places in the area. The city with the highest families with a single earner in the area is Departee township with a single earners rate of 89.1% is about twice as large. The percentage of families with no one working is depicted in Figure 22. Oil Trough shows it has 17.9% families with no one working which is the 4th in families with no one working out of 10 total in the area. The city with the highest families with no one working in the area is Magness with a families with no worker of 29.2% is 62.5% larger.

Oil Trough Arkansas 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. Oil Trough indicates it has 61 total people earning less than the poverty level which is the 6th in total people earning less than the poverty level out of 10 total in the area. The city with the highest total people earning less than the poverty level in the area is Newark with a total people earning less than the poverty level of 360 compares as substantially bigger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Oil Trough indicates it has 29.5% percent of people earning less than the poverty level which is the 3d most of all other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Magness with a percent of people in poverty of 42.0% is 42.7% larger.

In Figure 25 people who are in poverty are broken out by age group. Oil Trough has the largest proportion of person in poverty 18 to 34 years at 34% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 23% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Oil Trough has the largest proportion of American Indian poverty rate at 100% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Oil Trough has the largest proportion of Married with children and in poverty at 40% 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. Oil Trough has the largest proportion of less than highschool in poverty at 80% of the total and is ranked #1. Second, it has the largest proportion of college graduate and in poverty at 40% 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 Oil Trough indicates it has 23.4% households with public assistance which is the 2nd most of all the places in the area. The city with the highest households with public assistance in the area is Departee township with a households with public assistance of 38.2% is 63.0% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Oil Trough reveals it has 40.6% the Gini Index which is the 4th in the Gini Index out of 10 total in the area.

Oil Trough Arkansas Work Commute Charts

Figure 33 shows a more detailed view of how people get to work for this location and shows Oil Trough has the largest proportion of people who took a taxicab, motorcycle or other 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. Oil Trough has the largest proportion of people who leave for work between 530 am to 6am at 18% 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. Oil Trough has the largest proportion of people with commute time of less than 5 minutes at 17% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 10% of the total and is ranked #1.

The average commute time is shown in Figure 37. Oil Trough shows it has 22 average commute time which is the 4th in average commute time out of 10 total in the area. Figure 38 shows the difference between male versus female commuting time and Oil Trough shows average commute time in minutes for men is about the same size than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Oil Trough has the largest proportion of 5 or more vehicles available at 8% 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.) Oil Trough shows it has 17% people who both work and live in the same city which is the largest of all placesin the area. Comparing people who both work and live in the same city to the United States average of 42%, Oil Trough is approximately half the size. Also, compared with the state of Arkansas, people who both work and live in the same city of 51%, Oil Trough measures approximately a third the size.

Oil Trough 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. Oil Trough shows it has hightest median earnings of $71,000 for Earnings-Natural resources, construction, maintenance occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Oil Trough indicates it has hightest median earnings of $28,750 for Earnings-Sales and office occupations.

Oil Trough Arkansas Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Oil Trough shows it has hightest entrepreneurs of 67% 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. Oil Trough reveals it has hightest entrepreneurs of 67% for self employed in agriculture, forestry, fishing and hunting, and mining.

In Figure 51 the average annual self employment income is shown. Oil Trough illustrates it has $14,267 average annual self employment income which is the 4th in average annual self employment income out of 10 total in the area. The city with the highest average annual self employment income in the area is Newark with an average annual self employment income of $30,881 is about twice as large. Comparing average annual self employment income to the United States average of $36,502, Oil Trough is approximately half the size. Also, compared to the state of Arkansas, average annual self employment income of $32,820, Oil Trough is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Oil Trough shows total number of self-employed men is about the same size than total number of self-employed women.