Phillips County Income Charts

This section shows the Phillips County Arkansas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Phillips County depicts it has a Median earnings of $33,617 which is the third most median earnings of all other counties in the greater Phillips County region. The county with the highest median earnings per worker in the area is Monroe County which shows a median earnings of $40,684 (21.0% larger). Comparing median earnings per worker to the United States average of $49,041, Phillips County is approximately three-fourths the size. Also, compared with the state of Arkansas, median earnings per worker of $40,032, Phillips County is about 19.1% 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 $29,320 which is less than most other counties in the metro area. The county with the highest median household income in the area is Arkansas County which depicts a median income of $46,696 (59.3% larger). Comparing median household income to the United States average of $62,843, Phillips County is approximately half the size. Also, in contrast to the state of Arkansas, median household income of $47,597, Phillips County is approximately three-fourths the size.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 40.2 which is less than most other counties in the local area. The county with the highest average hours in the area is Arkansas County which depicts an average hours of 41.5 (only about 3.2% 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 $16.08 which is in the middle range of other counties in the local area. The county with the highest average hourly earnings in the area is Monroe County which depicts an average hourly earnings of $19.27 (19.8% larger). Comparing average hourly earnings to the United States average of $24.31, Phillips County is approximately three-fourths the size. Also, measured against the state of Arkansas, average hourly earnings of $19.54, Phillips County is about 21.5% smaller.

Figure 7 examines the number of self employed people in the Phillips County metro area based on the number of people who reported any self employment income. Phillips County depicts it has a Self Employed of 8.0% which is in the mid range of other counties in the local area. The county with the highest percentage of people self employed in the area is Lee County which shows a percentage self employed of 12.5% (56.4% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other counties in the metropolitan area at $32,813 of the total. Second, it has less than most other counties in the metro area when ranked by median income-25 to 44 years at $31,503 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $30,288 of the total and is ranked #3. Only #2 Tunica County ($30,375), and #1 Arkansas County ($34,530) 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 23.3% which is the third most households with retirement income of all other counties in the greater Phillips County region. The county with the highest households with retirement income in the area is Lee County which depicts a households with retirement income of 25.4% (9.2% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $72,572 of the total and is ranked #1. Second, it has the smallest proportion of white family income at $28,113 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. Phillips County depicts it has the hightest cost of 98.6 for the cost of healthcare group.

Phillips County 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 Coronavirus/COVID Pandemic the monthly unemployment rate went from 11.6% to 7.2% in February 2020. This represents a decrease in the monthly unemployment rate of 37.9%. Since that time, the monthly unemployment rate has gone to 6.9% This represents a decrease in the monthly unemployment rate of 4.2%. 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 Pandemic the monthly labor force participation went from 8,371 to 6,384 in February 2020. This represents a decrease in the monthly labor force participation of 23.7%. Since that time, the monthly labor force participation has gone to 6,253 This represents a decrease in the monthly labor force participation of 2.1%.

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 Phillips County shows it has a Unemployment Rate of 5.6% which is the third most of all other counties in the local area. The county with the highest unemployment rate in the area is Quitman County which depicts a rate of 10.2% (about twice as large). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Phillips County shows it has a Labor Force Participation of 52.7% which is less than most other counties in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Phillips County shows full time employees approximately 4.6 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 Phillips County area. Phillips County shows it has a Single Earner Families of 20.3% which is the smallest in order of families with a single earner of all the other counties in the area. The county with the highest families with a single earner in the area is Tunica County which shows a single earners rate of 39.2% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Phillips County shows it has a Families with No One Working of 21.4% which is in the mid range of other counties in the local area. The county with the highest families with no one working in the area is Quitman County which shows a families with no worker of 29.4% (36.9% larger).

Phillips County Poverty Charts

The next section details economy analysis about poverty for residents of the Phillips County 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. Phillips County depicts it has a Total In Poverty of 6,362 which is the second most of all the counties in the local area. The county with the highest total people earning less than the poverty level in the area is Coahoma County which shows a total people earning less than the poverty level of 7,882 (23.9% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Phillips County depicts it has a Percent of Population In Poverty of 34.5% which is the third most percent of people earning less than the poverty level of all other counties in the greater Phillips County region. The county with the highest percent of people earning less than the poverty level in the area is Quitman County which depicts a percent of people in poverty of 35.6% (only about 3.1% larger).

In Figure 25 people who are in poverty are broken out by age group. Phillips County has the smallest proportion of person in poverty 18 to 34 years at 17% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Phillips County has the largest proportion of white poverty rate at 47% of the total and is ranked #1. Second, it has the largest proportion of black poverty rate at 100% of the total and is ranked #1. Third, it has the smallest proportion of hawaiian poverty rate at 8% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Phillips County has the largest proportion of married with children and in poverty at 75% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 85% of the total and is ranked #1. Third, it has less than most other counties in the greater region in order of unmarried female with children and in poverty at 16% 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.) Phillips County shows it has a Public Assistance Percent of 31.0% which is the third most households with public assistance of all other counties in the greater Phillips County region. The county with the highest households with public assistance in the area is Coahoma County which shows a households with public assistance of 35.3% (13.9% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Phillips County depicts it has a Gini Index of 49.4% which is in the mid range of other counties in the metro area.

Phillips County Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Phillips County has the percentage of people who leave for work between 12am to 5am less than most other counties in the greater region at 3% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 18% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 730 am to 8am at 6% of the total. Also, it has the largest proportion of people who leave for work between 8am to 830am at 5% 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. Phillips County has the largest proportion of people with commute time of less than 5 minutesutes at 28% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 17% of the total and is ranked #3. Only #2 Arkansas County (20%), and #1 Coahoma County (25%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #3. Only #2 Tunica County (16%), and #1 Coahoma County (16%) are larger. Also, it has the smallest proportion of people with commute time between 20 to 24 minutes at 2% of the total. In addition, it has the smallest proportion of people with commute time between 30 to 34 minutes at 0% of the total.

The average commute time is shown in Figure 37. Phillips County indicates it has a Avg Commute Time of 17 which is the second smallest when sorted by average commute time of all the other counties in the greater region. Figure 38 shows the difference between male versus female commuting time. Phillips County depicts average commute time in minutes for men about the same size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Phillips County has the smallest proportion of 3 vehicles available at 5% of the total. Second, it has the smallest proportion of 4 vehicles available at 0% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Phillips County indicates it has a Work in city or place where live of 59% which is the second most of all the counties in the greater region. The county with the highest people who both work and live in the same city in the area is Arkansas County which shows a people who both work and live in the same city of 72% (21.5% larger). Comparing people who both work and live in the same city to the United States average of 42%, Phillips County is 42.0% larger. Also, compared with the state of Arkansas, people who both work and live in the same city of 51%, Phillips County is 16.5% larger.

Phillips County 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. Phillips County shows it has the hightest median earnings of $68,150 for the earnings-computer, engineering, and science occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Phillips County depicts it has the hightest median earnings of $65,219 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Phillips County employment data in terms of job categories and salary data.

Phillips County Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Phillips County depicts it has the hightest entrepreneurs of 73% for the self employed management, business, science, and arts businesses grouping.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Phillips County shows it has the hightest entrepreneurs of 33% for the self employed in agriculture, forestry, fishing and hunting, and mining classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Phillips County depicts it has a Self Employment Income of $23,706 which is the second smallest in terms of average annual self employment income of all the other counties in the metro area. The county with the highest average annual self employment income in the area is Monroe County which shows an average annual self employment income of $41,391 (74.6% larger). Comparing average annual self employment income to the United States average of $39,154, Phillips County is approximately three-fourths the size. Also, measured against the state of Arkansas, average annual self employment income of $34,501, Phillips County is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Phillips County indicates total number of self-employed men approximately 2.4 times bigger as the total number of self-employed women.