Prairie Creek CDP Arkansas Income Charts

This section shows the Prairie Creek CDP Arkansas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Prairie Creek CDP shows it has a Median earnings of $48,367 which is the largest of all places in the local area. Comparing median earnings per worker to the United States average of $49,041, Prairie Creek CDP is about the same size. Also, in comparison with the state of Arkansas, median earnings per worker of $40,032, Prairie Creek CDP is 20.8% 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 $74,922 which is the largest of all places in the greater Prairie Creek CDP region. Comparing median household income to the United States average of $62,843, Prairie Creek CDP is 19.2% larger. Also, measured against the state of Arkansas, median household income of $47,597, Prairie Creek CDP is 57.4% larger.

The next section examines a variety of different income statistics for the Prairie Creek CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 1.8% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 39.0% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 28.0% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 13.6% 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 a Avg Hours Worked of 42.1 which is the second most average hours of all the places in the greater Prairie Creek CDP region. The place with the highest average hours in the area is Pea Ridge which depicts an average hours of 42.8 ( 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 $22.09 which is the highest of all places in the greater Prairie Creek CDP region. Comparing average hourly earnings to the United States average of $24.31, Prairie Creek CDP is about 10.0% smaller. Also, measured against the state of Arkansas, average hourly earnings of $19.54, Prairie Creek CDP is 13.1% larger.

Figure 7 examines the number of self employed people in the Prairie Creek CDP metro area based on the number of people who reported any self employment income. Prairie Creek CDP depicts it has a Self Employed of 12.3% which is in the mid range of other places in the metro area. The place with the highest percentage of people self employed in the area is Avoca which shows a percentage self employed of 14.2% (15.2% 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 $114,583 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $78,375 of the total and is ranked #3. Only #2 Lowell ($79,258), and #1 Pea Ridge ($80,820) are larger. Third, it has the second smallest when ranked by median income for those under 25 years of age of all the other places in the greater region when sorted by median income-45 to 64 years at $39,310 of the total.

Figure 9 breaks down the source of income and Prairie Creek CDP has the largest proportion of self employment income at 20.3% 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 21.5% which is at the top of all other places in the greater Prairie Creek CDP region.

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 $86,898 of the total and is ranked #1. Second, it has the largest proportion of black family income at $90,000 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Prairie Creek CDP depicts it has the hightest cost of 100.6 for the cost of miscellaneous items classification.

Prairie Creek CDP 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 depicts that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 7.7% to 2.6% in February 2020. This represents a decrease in the monthly unemployment rate of 66.2%. Since that time, the monthly unemployment rate has gone to 4.0% This represents an increase in the monthly unemployment rate of 53.8%. 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. . It depicts that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 28,090 to 36,204 in February 2020. This represents an increase in the monthly labor force participation of 28.9%. Since that time, the monthly labor force participation has gone to 35,582 This represents a decrease 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 Prairie Creek CDP depicts it has a Unemployment Rate of 1.0% which is less than most other places in the local area. The place with the highest unemployment rate in the area is Little Flock which depicts a rate of 2.9% (approximately 3.0 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Prairie Creek CDP depicts it has a Labor Force Participation of 58.5% which is the smallest when sorted by participation rate of all the other places in the metropolitan 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). Prairie Creek CDP has the largest proportion of unemployed at 41.5% 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. Prairie Creek CDP depicts full time employees quite a bit 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 Prairie Creek CDP area. Prairie Creek CDP depicts it has a Single Earner Families of 25.1% which is the smallest in order of families with a single earner of all the other places in the metro area. The place with the highest families with a single earner in the area is Avoca which depicts a single earners rate of 37.5% (49.2% larger). The percentage of families with no one working is depicted in Figure 22. Prairie Creek CDP shows it has a Families with No One Working of 28.2% which is more than all other places in the greater Prairie Creek CDP region.

Prairie Creek CDP Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Prairie Creek CDP 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. Prairie Creek CDP indicates it has a Total In Poverty of 88 which is the second smallest when sorted by total people earning less than the poverty level of all the other places in the local area. The place with the highest total people earning less than the poverty level in the area is Rogers which shows a total people earning less than the poverty level of 6,877 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Prairie Creek CDP shows it has a Percent of Population In Poverty of 3.6% which is the smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Little Flock which depicts a percent of people in poverty of 14.6% (approximately 4.0 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Prairie Creek CDP has the percentage of person in poverty 12 to 17 years the second smallest when ranked by person in poverty under 12 years of all the other places in the local area at 9% of the total. Second, it has the smallest proportion of person in poverty 18 to 34 years at 10% of the total. Third, it has one of the largest proportions of person in poverty 35 to 54 years at 27% of the total and is ranked #2. The only larger place being Avoca with 30%. Also, it has the largest proportion of person in poverty 55 to 64 years at 38% 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. Prairie Creek CDP has the smallest proportion of less than highschool in poverty at 2% of the total. Second, it has the largest proportion of has some college and in poverty at 5% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Prairie Creek CDP has the largest proportion of people who are in poverty and unemployed at 37.5% 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.) Prairie Creek CDP depicts it has a Public Assistance Percent of 4.4% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Bethel Heights which depicts a households with public assistance of 9.7% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Prairie Creek CDP depicts it has a Gini Index of 39.8% which is the third most the gini index of all other places in the greater Prairie Creek CDP region.

Prairie Creek CDP 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 Prairie Creek CDP 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.) Prairie Creek CDP has the largest proportion of people who bicycle or walk to work at 4% 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 Prairie Creek CDP or elsewhere.) Prairie Creek CDP has the largest proportion of people who bike at 1% of the total and is ranked #1. Second, it has the largest proportion of people who work from home at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Prairie Creek CDP has the smallest proportion of people who leave for work between 12am to 5am at 1% of the total. Second, it has the largest proportion of people who leave for work between 830 am to 9am at 5% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 11am to 12noon at 3% of the total. Also, it has the smallest proportion of people who leave for work between 12noon to 4pm at 0% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Prairie Creek CDP has the smallest proportion of people with commute time of less than 5 minutesutes at 6% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 4% of the total. Third, it has less than most other places in the local area as measured by people with commute time between 10 to 14 minutes at 14% of the total. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 17% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 6% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 40 to 44 minutes at 15% of the total and is ranked #1.

The average commute time is shown in Figure 37. Prairie Creek CDP shows it has a Avg Commute Time of 26 which is the largest of all places in the metro area. Figure 38 shows the difference between male versus female commuting time. Prairie Creek CDP depicts average commute time in minutes for men 56.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Prairie Creek CDP has the largest proportion of no vehicle available at 27% of the total and is ranked #1. Second, it has the smallest proportion of 1 vehicle available at 34% of the total. Third, it has the smallest proportion of 2 vehicles available at 15% of the total. Also, it has the largest proportion of 3 vehicles available at 24% 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.) Prairie Creek CDP shows it has a Work in city or place where live of 7% which is in the middle range of other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Rogers which shows a people who both work and live in the same city of 52% ( quite a bit bigger). Comparing people who both work and live in the same city to the United States average of 42%, Prairie Creek CDP is approximately a sixth the size. Also, in comparison with the state of Arkansas, people who both work and live in the same city of 51%, Prairie Creek CDP is approximately an eigth the size.

Prairie Creek CDP 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. Prairie Creek CDP depicts it has the hightest median earnings of $133,526 for the earnings-computer, engineering, and science occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Prairie Creek CDP shows it has the hightest median earnings of $93,319 for the management, business, and financial occupations category. The table in Figure 48, shows Prairie Creek CDP employment data in terms of job categories and salary data.

Prairie Creek CDP Arkansas 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. Prairie Creek CDP indicates it has the hightest entrepreneurs of 56% for the self employed in natural resources, construction, and maintenance businesses classification.

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. Prairie Creek CDP shows it has the hightest entrepreneurs of 56% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Prairie Creek CDP shows it has a Self Employment Income of $17,801 which is the second smallest as measured by average annual self employment income of all the other places in the local area. The place with the highest average annual self employment income in the area is Bethel Heights which depicts an average annual self employment income of $43,923 (approximately 2.5 times bigger). Comparing average annual self employment income to the United States average of $39,154, Prairie Creek CDP is approximately half the size. Also, compared with the state of Arkansas, average annual self employment income of $34,501, Prairie Creek CDP is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Prairie Creek CDP depicts total number of self-employed men approximately three-fourths the size as the total number of self-employed women.