Peach Orchard Arkansas Income Charts

This section shows the Peach Orchard Arkansas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Peach Orchard indicates it has a Median earnings of $34,063 which is the second most median earnings of all the places in the greater Peach Orchard region. The city with the highest median earnings per worker in the area is Reyno which shows a median earnings of $36,071 (only about 5.9% larger). Comparing median earnings per worker to the United States average of $49,041, Peach Orchard is approximately three-fourths the size. Also, versus the state of Arkansas, median earnings per worker of $40,032, Peach Orchard is about 17.5% 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 $49,375 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 $59,000 (19.5% larger). Comparing median household income to the United States average of $62,843, Peach Orchard is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median household income of $47,597, Peach Orchard is only about 3.7% larger.

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 less than $10,000 less than most other places in the greater region at 6.5% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 67.4% of the total and is ranked #1. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 23.9% 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 a Avg Hours Worked of 42.4 which is ranked #1 of all places in the greater Peach Orchard 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 $15.45 which is the second most of all the places in the metro area. The city with the highest average hourly earnings in the area is Reyno which depicts an average hourly earnings of $17.26 (11.7% larger). Comparing average hourly earnings to the United States average of $24.31, Peach Orchard is approximately three-fourths the size. Also, in comparison with the state of Arkansas, average hourly earnings of $19.54, Peach Orchard is approximately three-fourths the 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 indicates it has a Self Employed of 14.5% which is the second most people self employed of all the places in the greater Peach Orchard region. The city with the highest percentage of people self employed in the area is Delaplaine which depicts a percentage self employed of 15.8% (8.8% larger).

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 $122,750 of the total and is ranked #1.

Figure 9 breaks down the source of income and Peach Orchard has the largest proportion of income from wages at 11.3% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 23.2% of the total and is ranked #1. Third, it has the largest proportion of social security at 2.8% 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 With Retirement Income of 25.8% which is the largest of all places in the greater 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 $53,750 of the total and is ranked #3. Only #2 Corning ($55,625), and #1 Delaplaine ($70,625) are larger.

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 shows it has the hightest cost of 97.5 for the cost of grocery items aggregate.

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 Wuhan virus Pandemic the monthly unemployment rate went from 10.9% to 4.2% in February 2020. This represents a decrease in the monthly unemployment rate of 61.5%. Since that time, the monthly unemployment rate has gone to 5.7% This represents an increase in the monthly unemployment rate of 35.7%. 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 shows that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 11,956 to 12,854 in February 2020. This represents an increase in the monthly labor force participation of 7.5%. Since that time, the monthly labor force participation has gone to 12,579 This represents a decrease in the monthly labor force participation of 2.1%. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Peach Orchard shows it has a Labor Force Participation of 41.7% which is the smallest in terms of 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 the largest proportion of unemployed at 58.3% 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. Peach Orchard depicts full time employees considerably 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 shows it has a Single Earner Families of 36.4% which is the third most families with a single earner of all other 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 52.5% (44.4% larger). The percentage of families with no one working is depicted in Figure 22. Peach Orchard shows it has a Families with No One Working of 33.3% which is the largest 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 shows it has a Total In Poverty of 21 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 city with the highest total people earning less than the poverty level in the area is Corning which depicts a total people earning less than the poverty level of 981 ( substantially 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 shows it has a Percent of Population In Poverty of 18.1% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Datto which depicts a percent of people in poverty of 37.0% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Peach Orchard has the largest proportion of person in poverty under 12 years at 29% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 12 to 17 years at 10% of the total. Third, it has less than most other places in the area in order of person in poverty 18 to 34 years at 5% of the total. Also, it has the largest proportion of person in poverty 35 to 54 years at 52% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Peach Orchard has the largest proportion of married with children and in poverty at 100% of the total and is ranked #1. Second, it 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. Peach Orchard has the percentage of less than highschool in poverty in the mid point range of other places in the surrounding region at 14% of the total. Second, it has the second smallest in terms of less than highschool in poverty of all the other places in the greater region in order of highschool graduate and in poverty at 11% 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. Peach Orchard has the percentage of people who are in poverty and unemployed less than most other places in the area at 9.5% of the total. 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 shows it has a Public Assistance Percent of 3.2% which is the second smallest as measured by households with public assistance of all the other places in the surrounding region. The city with the highest households with public assistance in the area is Corning which shows a households with public assistance of 28.3% ( considerably bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Peach Orchard depicts it has a Gini Index of 38.1% which is the second smallest when sorted by the gini index of all the other places in the local area.

Peach Orchard Arkansas Work Commute Charts

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 100% 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 5am to 530am at 29% of the total and is ranked #1. Second, it has the second smallest when sorted by people who leave for work between 12am to 5am of all the other places in the local area in order of people who leave for work between 530 am to 6am at 9% of the total. Third, it has the smallest proportion of people who leave for work between 630 am to 7am at 2% of the total. Also, it has the largest proportion of people who leave for work between 8am to 830am at 16% of the total and is ranked #1. In addition, it has the smallest proportion of people who leave for work between 11am to 12noon at 2% 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 largest proportion of people with commute time of less than 5 minutesutes at 24% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 2% of the total. Also, it has the smallest proportion of people with commute time between 25 to 29 minutes at 2% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 18% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 20% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 40 to 44 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Peach Orchard shows it has a Avg Commute Time of 27 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 depicts average commute time in minutes for men 36.6% 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 smallest proportion of no vehicle available at 7% of the total. Second, it has less than most other places in the surrounding region in order of 1 vehicle available at 33% of the total. Third, it has the largest proportion of 2 vehicles available at 47% of the total and is ranked #1. Also, it has one of the largest proportions of 4 vehicles available at 13% of the total and is ranked #3. Only #2 Reyno (15%), and #1 Delaplaine (30%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Peach Orchard depicts it has a Work in city or place where live of 11% which is in the mid range of other places in the greater region. The city with the highest people who both work and live in the same city in the area is Delaplaine which shows a people who both work and live in the same city of 55% (approximately 5.0 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Peach Orchard is approximately a quarter the size. Also, compared to the state of Arkansas, people who both work and live in the same city of 51%, Peach Orchard is approximately a fifth the size.

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 shows it has the hightest median earnings of $72,750 for the earnings-production, transportation, material moving occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Peach Orchard depicts it has the hightest median earnings of $63,750 for the management, business, and financial occupations group. The table in Figure 48, shows Peach Orchard employment data in terms of job categories and salary data.

Peach Orchard Arkansas Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Peach Orchard depicts it has a Self Employment Income of $38,089 which is at the top of all other places in the greater Peach Orchard region. Comparing average annual self employment income to the United States average of $39,154, Peach Orchard is only about 2.8% smaller. Also, benchmarked against the state of Arkansas, average annual self employment income of $34,501, Peach Orchard is 10.4% larger.

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 16.7% larger as the total number of self-employed women.