Phillips County Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Phillips County illustrates it has $32,448 median earnings which is the 3d most of all other counties in the area. The county with the highest median earnings in the area is Monroe County with an earnings of $37,051 is 14.2% larger. Comparing median earnings to the United States average of $47,712, Phillips County measures approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median earnings of $38,970, Phillips County is about 20.1% smaller.

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 $29,263 median income which is the 5th ranked in median income out of 10 total in the area. The county with the highest median income in the area is Arkansas County with an income of $39,466 is 34.9% larger. Comparing median income to the United States average of $60,293, Phillips County measures approximately half the size. Also, compared to the state of Arkansas, median income of $45,726, Phillips County is approximately three-fourths the size.

The next section examines a variety of different income statistics. In Figure 3 we see that has median earnings between $50,000 and $74,999 in the mid range of other counties in the area at 15.8% of the total and is ranked in the middle of the group.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 40.4 average hours which is the 3d most of all other counties in the area. The county with the highest average hours in the area is Arkansas County with an average hours of 41.0 is only slightly larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $15.45 average hourly earnings which is the 4th ranked in average hourly earnings out of 10 total in the area. The county with the highest average hourly earnings in the area is Monroe County with an average hourly earnings of $17.90 compares as 15.9% larger. Comparing average hourly earnings to the United States average of $23.71, Phillips County is approximately three-fourths the size. Also, in contrast to the state of Arkansas, average hourly earnings of $19.02, Phillips County measures about 23.1% smaller.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Phillips County shows it has 8.5% Self Employed which is the 4th ranked in Self Employed out of 10 total in the area. The county with the highest Self Employed in the area is Lee County with a Self Employed of 12.5% is 46.4% larger.

Turning our attention to Figure 8, the median household income by age group, has Median Income-25 to 44 years in the middle of other counties in the area at $35,462 of the total and is ranked in the middle of the group.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 20.8% households with retirement income which is the 2nd most of all the counties in the area. The county with the highest households with retirement income in the area is Lee County with a households with retirement income of 22.3% measures 6.9% 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 White Family Income at $71,463 of the total and is ranked #1.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Phillips County shows it has hightest cost of 98.6 for cost of healthcare.

Phillips County 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 February 2010 to April 2020 the Monthly Unemployment Rate went from 11.6% to 13.9%. This represents an increase in the Monthly Unemployment Rate of 19.8%. 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 shows that from February 2010 to April 2020 the Monthly Labor Force Participation went from 8,371 to 6,170. This represents a decrease in the Monthly Labor Force Participation of 26.3%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Phillips County indicates it has 5.5% unemployment rate which is the 5th ranked in unemployment rate out of 10 total in the area. The county with the highest unemployment rate in the area is Quitman County with a rate of 13.6% is approximately 2.5 times bigger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Phillips County illustrates it has 52.4% participation rate which is the 6th ranked in participation rate out of 10 total in the 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 is approximately 4.5 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. Phillips County shows it has 28.8% families with a single earner which is the 3d most of all other counties in the area. The county with the highest families with a single earner in the area is Tunica County with a single earners rate of 31.6% is 9.9% larger. The percentage of families with no one working is depicted in Figure 22. Phillips County shows it has 18.4% families with no one working which is the 5th ranked in families with no one working out of 10 total in the area. The county with the highest families with no one working in the area is Quitman County with a families with no worker of 28.8% is 56.3% larger.

Phillips County 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. Phillips County shows it has 6,252 total people earning less than the poverty level which is the 2nd most of all the counties in the area. The county with the highest total people earning less than the poverty level in the area is Coahoma County with a total people earning less than the poverty level of 7,896 is 26.3% 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 shows it has 33.2% percent of people earning less than the poverty level which is the 3d most of all other counties in the area. The county with the highest percent of people earning less than the poverty level in the area is Quitman County with a percent of people in poverty of 35.5% measures 6.8% larger.

In Figure 25 people who are in poverty are broken out by age group. Phillips County has the largest proportion of person in poverty 12 to 17 years at 14% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Phillips County has the largest proportion of Black poverty rate at 45% of the total and is ranked #1. Second, it 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. Phillips County has the largest proportion of Unmarried Female with children and in poverty at 76% 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. Phillips County has the largest proportion of less than highschool 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 Phillips County shows it has 29.5% households with public assistance which is the 4th ranked in households with public assistance out of 10 total in the area. The county with the highest households with public assistance in the area is Coahoma County with a households with public assistance of 36.5% measures 23.6% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Phillips County shows it has 49.2% the Gini Index which is the 5th ranked in the Gini Index out of 10 total in the area.

Phillips County Work Commute Charts

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 between 15 to 19 minutes at 17% of the total and is ranked #1.

The average commute time is shown in Figure 37. Phillips County shows it has 18 average commute time which is the 6th ranked in average commute time out of 10 total in the area. Figure 38 shows the difference between male versus female commuting time and Phillips County shows average commute time in minutes for men is only about 2.5% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Phillips County has the largest proportion of No vehicle available at 6% 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.) Phillips County shows it has 59% people who both work and live in the same city which is the 2nd most of all the counties in the area. The county with the highest people who both work and live in the same city in the area is Arkansas County with a people who both work and live in the same city of 73% is 22.3% larger. Comparing people who both work and live in the same city to the United States average of 42%, Phillips County is 42.1% larger. Also, in contrast to 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 hightest median earnings of $68,015 for Earnings-Computer, engineering, and science occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Phillips County shows it has hightest median earnings of $42,396 for Management, business, and financial occupations.

Phillips County Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Phillips County shows it has hightest entrepreneurs of 53% 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. Phillips County shows it has hightest entrepreneurs of 34% for self employed in educational services, health care and social assistance.

In Figure 51 the average annual self employment income is shown. Phillips County indicates it has $28,052 average annual self employment income which is the 4th ranked in average annual self employment income out of 10 total in the area. The county with the highest average annual self employment income in the area is Monroe County with an average annual self employment income of $43,322 is 54.4% larger. Comparing average annual self employment income to the United States average of $37,819, Phillips County compares as approximately three-fourths the size. Also, versus the state of Arkansas, average annual self employment income of $33,965, Phillips County is about 21.1% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women. Phillips County shows total number of self-employed men is approximately 2.8 times bigger than total number of self-employed women.