Phillips County Income Charts

This section shows the Phillips County Arkansas economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Phillips County depicts it has a Median earnings of $37,137 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 Arkansas County which shows a median earnings of $40,056 (7.9% larger). Comparing median earnings per worker to the United States average of $50,459, Phillips County is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median earnings per worker of $41,104, Phillips County is about 10.7% 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 $33,724 which is in the mid point range of other counties in the local area. The county with the highest median household income in the area is Arkansas County which depicts a median income of $51,000 (51.2% larger). Comparing median household income to the United States average of $64,994, Phillips County is approximately half the size. Also, benchmarked against the state of Arkansas, median household income of $49,475, Phillips County is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Phillips County metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other counties in the metro area at 7.7% of the total. Second, it has the second smallest when ranked by median earnings of less than $10,000 of all the other counties in the metro area when ranked by earnings between $10,000 and $14,999 at 5.8% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 22.7% 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 40.9 which is the third most average hours of all other counties in the greater Phillips County region. The county with the highest average hours in the area is Arkansas County which shows an average hours of 41.6 ( 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 a Avg Hrly Earnings of $17.46 which is the third most average hourly earnings of all other counties in the greater Phillips County region. The county with the highest average hourly earnings in the area is Arkansas County which shows an average hourly earnings of $18.52 (6.0% larger). Comparing average hourly earnings to the United States average of $25.01, Phillips County is approximately three-fourths the size. Also, in contrast to the state of Arkansas, average hourly earnings of $20.01, Phillips County is about 14.6% 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 7.3% which is in the mid point 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 13.8% (about twice as large).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $35,670 of the total and is ranked #3. Only #2 Monroe County ($40,205), and #1 Arkansas County ($60,515) are larger. Second, it has in the middle range of other counties in the local area as measured by median income-25 to 44 years at $40,946 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $30,574 of the total and is ranked #2. The only larger county being Arkansas County with $36,548.

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 23.7% which is the second most households with retirement income of all the counties in the greater Phillips County region. The county with the highest households with retirement income in the area is Lee County which indicates a households with retirement income of 27.3% (15.1% larger).

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 $74,389 of the total and is ranked #3. Only #2 Arkansas County ($75,470), and #1 Tunica County ($83,625) are larger. Second, it has less than most other counties in the metro area when ranked by white family income at $32,692 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 grouping.

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 depicts that from January 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 12.1% to 9.1% in March 2020. This represents a decrease in the monthly unemployment rate of 24.8%. Since that time, the monthly unemployment rate has gone to 6.6% This represents a decrease in the monthly unemployment rate of 27.5%. 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 January 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 8,281 to 6,481 in March 2020. This represents a decrease in the monthly labor force participation of 21.7%. Since that time, the monthly labor force participation has gone to 5,782 This represents a decrease in the monthly labor force participation of 10.8%.

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 depicts it has a Unemployment Rate of 7.6% which is the second most unemployment rate of all the counties in the greater Phillips County region. The county with the highest unemployment rate in the area is Quitman County which shows a rate of 7.8% (only about 3.3% larger). 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 53.1% which is in the mid range of other counties in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Phillips County shows full time employees very much 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 depicts it has a Single Earner Families of 22.2% which is the smallest when ranked by families with a single earner of all the other counties in the local area. The county with the highest families with a single earner in the area is Tunica County which shows a single earners rate of 38.2% (71.9% larger). 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 22.0% which is in the mid range of other counties in the metropolitan area. The county with the highest families with no one working in the area is Quitman County which depicts a families with no worker of 26.0% (17.9% 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 5,646 which is the second most total people earning less than the poverty level of all the counties in the greater Phillips County region. The county with the highest total people earning less than the poverty level in the area is Coahoma County which depicts a total people earning less than the poverty level of 8,054 (42.6% 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 indicates it has a Percent of Population In Poverty of 31.3% which is in the mid range of other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Coahoma County which shows a percent of people in poverty of 36.5% (16.5% larger).

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 100% of the total and is ranked #1. Second, it has the second smallest as measured by white poverty rate of all the other counties in the local area as measured by hawaiian poverty rate at 15% 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 depicts it has a Public Assistance Percent of 30.5% which is in the middle range of other counties in the local area. The county with the highest households with public assistance in the area is Coahoma County which shows a households with public assistance of 33.3% (9.3% 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 48.9% which is the third most the gini index of all other counties in the greater Phillips County region.

Phillips County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Phillips County or elsewhere.) Phillips County has the largest proportion of people who bike at 0% of the total and is ranked #1.

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 metro area at 3% of the total. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 17% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 8am to 830am at 7% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 830 am to 9am at 4% 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 one of the largest proportions of people with commute time of less than 5 minutesutes at 28% of the total and is ranked #2. The only larger county being Arkansas County with 28%. 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 (18%), and #1 Coahoma County (23%) are larger. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 13% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 60 to 89 minutes at 0% of the total.

The average commute time is shown in Figure 37. Phillips County shows it has a Avg Commute Time of 16 which is the smallest when ranked by average commute time of all the other counties in the area. Figure 38 shows the difference between male versus female commuting time. Phillips County depicts average commute time in minutes for men 31.0% larger 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 percentage of 1 vehicle available less than most other counties in the greater region at 36% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Phillips County depicts it has a Work in city or place where live of 56% which is the second most people who both work and live in the same city of all the counties in the greater Phillips County 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% (28.6% larger). Comparing people who both work and live in the same city to the United States average of 43%, Phillips County is 30.9% larger. Also, benchmarked against the state of Arkansas, people who both work and live in the same city of 51%, Phillips County is 10.3% 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 indicates it has the hightest median earnings of $71,106 for the earnings-computer, engineering, and science occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Phillips County depicts it has the hightest median earnings of $62,115 for the management, business, and financial occupations classification. 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 shows it has the hightest entrepreneurs of 74% 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 41% for the self employed in agriculture, forestry, fishing and hunting, and mining grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Phillips County shows it has a Self Employment Income of $28,446 which is the second smallest as measured by average annual self employment income of all the other counties in the surrounding region. The county with the highest average annual self employment income in the area is Lee County which indicates an average annual self employment income of $48,445 (70.3% larger). Comparing average annual self employment income to the United States average of $40,101, Phillips County is approximately three-fourths the size. Also, in comparison with the state of Arkansas, average annual self employment income of $36,313, 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 shows total number of self-employed men approximately 2.8 times bigger as the total number of self-employed women.