Peach Orchard Arkansas Income Charts

This section shows the Peach Orchard Arkansas economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Peach Orchard depicts it has a median earnings per worker of $40,000 which is the highest of all places in the greater Peach Orchard region. Comparing median earnings per worker to the United States average of $47,712, Peach Orchard is about 19.3% smaller. Also, in comparison with the state of Arkansas, median earnings per worker of $38,970, Peach Orchard is only about 2.6% 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 $40,000 which is the second most median income of all the places in the greater Peach Orchard region. The city with the highest median household income in the area is Delaplaine which depicts a median income of $58,750 (46.9% larger). Comparing median household income to the United States average of $60,293, Peach Orchard is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median household income of $45,726, Peach Orchard is about 14.3% smaller.

The next section examines a variety of different income statistics for the Peach Orchard metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest in terms of median earnings of less than $10,000 of all the other places in the metro area at 5.1% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 56.4% of the total and is ranked #1. Third, it has the largest proportion of earnings between $50,000 and $74,999 at 25.6% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 41.2 which is the second most average hours of all the places in the greater Peach Orchard region. The city with the highest average hours in the area is Biggers which depicts an average hours of 42.8 (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 an average hourly earnings of $18.67 which is the largest of all places in the greater Peach Orchard region. Comparing average hourly earnings to the United States average of $23.71, Peach Orchard is approximately three-fourths the size. Also, compared with the state of Arkansas, average hourly earnings of $19.02, Peach Orchard is about the same size.

Figure 7 examines the number of self employed people in the Peach Orchard metro area based on the number of people who reported any self employment income. Peach Orchard shows it has a percentage of people self employed of 6.5% which is less than most other places in the metro area. The city with the highest percentage of people self employed in the area is Delaplaine which depicts a percentage self employed of 14.0% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $120,313 of the total and is ranked #1. Second, it has the largest proportion of median income-65 years and over at $31,250 of the total and is ranked #1.

Figure 9 breaks down the source of income and Peach Orchard has the largest proportion of social security at 24.0% 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 a households with retirement income of 28.3% which is ranked #1 of all places in the greater Peach Orchard region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $50,625 of the total and is ranked #2. The only larger city being Delaplaine with $71,750. Second, it has one of the largest proportions of white family income at $50,625 of the total and is ranked #2. The only larger city being Delaplaine with $71,750.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Peach Orchard depicts it has the hightest cost of 97.5 for the cost of grocery items grouping.

Peach Orchard 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 10.9% to 3.4% in December 2019. This represents a decrease in the monthly unemployment rate of 68.8%. Since that time, the monthly unemployment rate has gone to 3.4% 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. It indicates that from January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 11,742 to 12,689 in November 2019. This represents an increase in the monthly labor force participation of 8.1%. Since that time, the monthly labor force participation has gone to 12,689 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 Peach Orchard shows it has an unemployment rate of 1.2% which is in the middle range of other places in the local area. The city with the highest unemployment rate in the area is Corning which shows a rate of 2.9% (approximately 2.4 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Peach Orchard depicts it has a participation rate of 45.8% which is the second 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). Peach Orchard has one of the largest proportions of not in labor force at 54.2% of the total and is ranked #2. The only larger city being Knobel with 60.5%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Peach Orchard shows full time employees approximately 4.5 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 Peach Orchard area. Peach Orchard depicts it has a families with a single earner of 45.5% which is the second most families with a single earner of all the places in the greater Peach Orchard region. The city with the highest families with a single earner in the area is Knobel which shows a single earners rate of 50.0% (10.0% larger). The percentage of families with no one working is depicted in Figure 22. Peach Orchard depicts it has a families with no one working of 36.4% which is the highest of all places in the greater Peach Orchard region.

Peach Orchard Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Peach Orchard 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. Peach Orchard depicts it has a total people earning less than the poverty level of 15 which is the second smallest as measured by total people earning less than the poverty level of all the other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Corning which shows a total people earning less than the poverty level of 1,056 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Peach Orchard depicts it has a percent of people earning less than the poverty level of 16.7% which is the second smallest as measured by percent of people earning less than the poverty level of all the other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Datto which shows a percent of people in poverty of 41.5% (approximately 2.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Peach Orchard has the largest proportion of person in poverty 12 to 17 years at 33% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 55 to 64 years at 47% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Peach Orchard has the percentage of white poverty rate the second smallest when ranked by white poverty rate of all the other places in the surrounding region at 16% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Peach Orchard has the largest proportion of unmarried with children and in poverty at 100% of the total and is ranked #1. Second, it has the largest proportion of unmarried female 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. Peach Orchard has the percentage of less than highschool in poverty the second smallest as measured by less than highschool in poverty of all the other places in the greater region at 17% of the total. Second, it has one of the largest proportions of college graduate and in poverty at 25% of the total and is ranked #2. The only larger city being Knobel with 100%. 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.) Peach Orchard depicts it has a households with public assistance of 2.2% which is the second smallest as measured by households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is Corning which depicts a households with public assistance of 30.9% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Peach Orchard shows it has a the gini index of 40.1% which is less than most other places in the local area.

Peach Orchard 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 Peach Orchard 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.) Peach Orchard 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 Peach Orchard or elsewhere.) Peach Orchard has the largest proportion of people who drove alone at 95% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Peach Orchard has the largest proportion of people who leave for work between 12am to 5am at 16% 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 43% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Peach Orchard has the percentage of people with commute time between 10 to 14 minutes in the mid range of other places in the surrounding region at 5% of the total. Second, it has the smallest proportion of people with commute time between 15 to 19 minutes at 3% of the total. Third, it has the smallest proportion of people with commute time between 30 to 34 minutes at 5% of the total. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 11% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 40 to 44 minutes at 22% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 45 to 59 minutes at 14% of the total and is ranked #1.

The average commute time is shown in Figure 37. Peach Orchard depicts it has an average commute time of 31 which is the second most average commute time of all the places in the greater Peach Orchard region. Figure 38 shows the difference between male versus female commuting time. Peach Orchard shows average commute time in minutes for men 29.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Peach Orchard has the percentage of 1 vehicle available the second smallest in order of no vehicle available of all the other places in the area at 14% of the total. Second, it has the largest proportion of 3 vehicles available at 32% of the total and is ranked #1. Third, it has one of the largest proportions of 5 or more vehicles available at 16% of the total and is ranked #2. The only larger city being Delaplaine with 30%.

Peach Orchard 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. Peach Orchard depicts it has the hightest median earnings of $41,875 for the earnings-production, transportation, material moving occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Peach Orchard depicts it has the hightest median earnings of $73,750 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Peach Orchard employment data in terms of job categories and salary data.

Peach Orchard Arkansas Self Employment Charts

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Peach Orchard depicts total number of self-employed men about twice as large as the total number of self-employed women.