Salem CDP Arkansas Income Charts

This section shows the Salem CDP Arkansas economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Salem CDP depicts it has a median earnings per worker of $44,506 which is the third most of all other places in the local area. The place with the highest median earnings per worker in the area is Bryant which shows a median earnings of $45,841 (only about 3.0% larger). Comparing median earnings per worker to the United States average of $47,712, Salem CDP is about 7.2% smaller. Also, compared to the state of Arkansas, median earnings per worker of $38,970, Salem CDP is 14.2% 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 $73,750 which is the second most of all the places in the greater region. The place with the highest median household income in the area is Avilla CDP which shows a median income of $80,264 (8.8% larger). Comparing median household income to the United States average of $60,293, Salem CDP is 22.3% larger. Also, measured against the state of Arkansas, median household income of $45,726, Salem CDP is 61.3% larger.

The next section examines a variety of different income statistics for the Salem CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 17.4% of the total and is ranked #1. Second, it has in the center range of other places in the metropolitan area in terms of earnings between $10,000 and $14,999 at 8.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 38.6 which is the second smallest in order of average hours of all the other places in the greater region. The place with the highest average hours in the area is Benton which shows an average hours of 40.2 (only about 4.1% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $22.17 which is the third most average hourly earnings of all other places in the greater Salem CDP region. The place with the highest average hourly earnings in the area is Bryant which depicts an average hourly earnings of $22.55 ( only slightly larger). Comparing average hourly earnings to the United States average of $23.71, Salem CDP is about 6.9% smaller. Also, benchmarked against the state of Arkansas, average hourly earnings of $19.02, Salem CDP is 16.6% larger.

Figure 7 examines the number of self employed people in the Salem CDP metro area based on the number of people who reported any self employment income. Salem CDP shows it has a percentage of people self employed of 15.1% which is the second most people self employed of all the places in the greater Salem CDP region. The place with the highest percentage of people self employed in the area is Avilla CDP which shows a percentage self employed of 19.2% (27.0% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-25 to 44 years less than most other places in the area at $68,558 of the total. Second, it has the largest proportion of median income-45 to 64 years at $92,292 of the total and is ranked #1. Third, it has the largest proportion of median income-65 years and over at $60,000 of the total and is ranked #1.

Figure 9 breaks down the source of income and Salem CDP has the smallest proportion of income from wages at 63.0% of the total. Second, it has the largest proportion of investment and retirement income at 17.1% of the total and is ranked #1. Third, it has the largest proportion of social security at 15.4% 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 households with retirement income of 35.7% which is the largest of all places in the greater Salem 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 $84,074 of the total and is ranked #1. Second, it has one of the largest proportions of white family income at $84,074 of the total and is ranked #2. The only larger place being Avilla CDP with $84,219.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Salem CDP depicts it has the hightest cost of 104.1 for the cost of utilities classification.

Salem 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 Coronavirus Pandemic the monthly unemployment rate went from 8.0% to 2.6% in December 2019. This represents a decrease in the monthly unemployment rate of 67.5%. Since that time, the monthly unemployment rate has gone to 2.6% This represents an increase in the monthly unemployment rate of very little. 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 January 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 14,912 to 17,492 in November 2019. This represents an increase in the monthly labor force participation of 17.3%. Since that time, the monthly labor force participation has gone to 17,492 This represents an increase 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 Salem CDP shows it has an unemployment rate of 1.3% which is the smallest when ranked by unemployment rate of all the other places in the greater region. The place with the highest unemployment rate in the area is Bauxite which shows a rate of 6.2% (approximately 4.7 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Salem CDP shows it has a participation rate of 60.3% which is the smallest when sorted by participation rate of all the other places in the 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). Salem CDP has the smallest proportion of employed at 59.0% of the total. Second, it has the smallest proportion of unemployed at 1.3% of the total. Third, it has the largest proportion of not in labor force at 39.7% 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. Salem CDP depicts full time employees approximately 3.1 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 Salem CDP area. Salem CDP shows it has a families with a single earner of 17.8% which is the second smallest in order of families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is Bauxite which depicts a single earners rate of 27.4% (54.0% larger). The percentage of families with no one working is depicted in Figure 22. Salem CDP depicts it has a families with no one working of 22.2% which is the largest of all places in the greater Salem CDP region.

Salem CDP Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Salem 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. Salem CDP depicts it has a total people earning less than the poverty level of 32 which is the 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 Benton which depicts a total people earning less than the poverty level of 3,051 ( markedly bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Salem CDP shows it has a percent of people earning less than the poverty level of 1.6% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the area. The place with the highest percent of people earning less than the poverty level in the area is Alexander which shows a percent of people in poverty of 21.1% ( appreciably bigger).

In Figure 25 people who are in poverty are broken out by age group. Salem CDP has one of the largest proportions of person in poverty 12 to 17 years at 34% of the total and is ranked #2. The only larger place being Avilla CDP with 41%. Second, it has the largest proportion of person in poverty 18 to 34 years at 34% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Salem CDP has the smallest proportion of white poverty rate at 2% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Salem CDP has the largest proportion of unmarried with children and in poverty at 46% of the total and is ranked #1. Second, it has the largest proportion of unmarried female with children and in poverty at 46% 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. Salem CDP has the smallest proportion of has some college and in poverty at 1% 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.) Salem CDP depicts it has a households with public assistance of 6.4% which is the smallest in terms of households with public assistance of all the other places in the metro area. The place with the highest households with public assistance in the area is Bauxite which shows a households with public assistance of 14.1% (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). Salem CDP shows it has a the gini index of 32.9% which is less than most other places in the surrounding region.

Salem CDP Arkansas Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Salem CDP has the percentage of people who leave for work between 12am to 5am the second smallest as measured by people who leave for work between 12am to 5am of all the other places in the local area at 1% of the total. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 6% of the total. Third, it has the largest proportion of people who leave for work between 7am to 730am at 29% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 730 am to 8am at 16% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 8am to 830am at 15% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 9am to 10am at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Salem CDP has the largest proportion of people with commute time of less than 5 minutesutes at 3% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 16% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 40 to 44 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Salem CDP indicates it has an average commute time of 23 which is less than most other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Salem CDP depicts average commute time in minutes for men about 20.8% smaller as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Salem CDP has the largest proportion of no vehicle available at 3% of the total and is ranked #1. Second, it has the smallest proportion of 1 vehicle available at 8% of the total. Third, it has the smallest proportion of 2 vehicles available at 30% of the total. Also, it has the largest proportion of 3 vehicles available at 27% of the total and is ranked #1. In addition, it has the largest proportion of 4 vehicles available at 23% of the total and is ranked #1. Furthermore, it has the largest proportion of 5 or more vehicles available at 8% 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.) Salem CDP shows it has a people who both work and live in the same city of 4% which is the second smallest when sorted by people who both work and live in the same city of all the other places in the metro area. The place with the highest people who both work and live in the same city in the area is Benton which shows a people who both work and live in the same city of 30% ( appreciably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Salem CDP is approximately a tenth the size. Also, compared with the state of Arkansas, people who both work and live in the same city of 51%, Salem CDP is approximately a twelfth the size.

Salem 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. Salem CDP depicts it has the hightest median earnings of $75,469 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Salem CDP shows it has the hightest median earnings of $62,625 for the earnings-healthcare practitioners and tech occupations classification. The table in Figure 48, shows Salem CDP employment data in terms of job categories and salary data.

Salem CDP Arkansas Self Employment Charts

In Figure 51 the average annual self employment/entrepreneur income is shown. Salem CDP depicts it has an average annual self employment income of $23,721 which is in the mid range of other places in the greater region. The place with the highest average annual self employment income in the area is Bryant which depicts an average annual self employment income of $35,979 (51.7% larger). Comparing average annual self employment income to the United States average of $37,819, Salem CDP is approximately three-fourths the size. Also, in comparison with the state of Arkansas, average annual self employment income of $33,965, Salem CDP 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.) Salem CDP depicts total number of self-employed men approximately half the size as the total number of self-employed women.