Salem CDP Arkansas Income Charts

This section shows the Salem 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, Salem CDP shows it has a Median earnings of $45,013 which is the third most median earnings of all other places in the greater Salem CDP region. The place with the highest median earnings per worker in the area is Bryant which depicts a median earnings of $48,025 (6.7% larger). Comparing median earnings per worker to the United States average of $49,041, Salem CDP is about 8.9% smaller. Also, in contrast to the state of Arkansas, median earnings per worker of $40,032, Salem CDP is 12.4% 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 $78,531 which is the second most median income of all the places in the greater Salem CDP region. The place with the highest median household income in the area is Avilla CDP which shows a median income of $86,146 (9.7% larger). Comparing median household income to the United States average of $62,843, Salem CDP is 25.0% larger. Also, benchmarked against the state of Arkansas, median household income of $47,597, Salem CDP is 65.0% larger.

The next section examines a variety of different income statistics for the Salem CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 in the mid point range of other places in the area at 8.3% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.5 which is the second smallest in terms of average hours of all the other places in the greater region. The place with the highest average hours in the area is Alexander which depicts an average hours of 40.1 (6.9% 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 $23.08 which is the third most of all other places in the metro area. The place with the highest average hourly earnings in the area is Avilla CDP which shows an average hourly earnings of $23.61 ( only slightly larger). Comparing average hourly earnings to the United States average of $24.31, Salem CDP is about 5.3% smaller. Also, measured against the state of Arkansas, average hourly earnings of $19.54, Salem CDP is 18.1% 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 Self Employed of 20.9% which is ranked #1 of all places in the metro area.

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 places in the local area at $67,250 of the total. Second, it has in the middle range of other places in the local area in order of median income-25 to 44 years at $86,471 of the total. Third, it has the largest proportion of median income-45 to 64 years at $59,821 of the total and is ranked #1.

Figure 9 breaks down the source of income and Salem CDP has the largest proportion of self employment income at 16.3% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 12.7% 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 32.4% 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 one of the largest proportions of overall family income at $83,616 of the total and is ranked #3. Only #2 Bryant ($84,549), and #1 Avilla CDP ($97,969) are larger.

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 category.

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 disasterous COVID Pandemic the monthly unemployment rate went from 8.0% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 62.5%. Since that time, the monthly unemployment rate has gone to 5.0% This represents an increase in the monthly unemployment rate of 66.7%. 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-19 Pandemic the monthly labor force participation went from 15,040 to 17,372 in February 2020. This represents an increase in the monthly labor force participation of 15.5%. Since that time, the monthly labor force participation has gone to 16,634 This represents a decrease in the monthly labor force participation of 4.2%.

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 depicts it has a Unemployment Rate of 1.7% which is the second smallest as measured by unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is Bauxite which depicts a rate of 6.7% (approximately 4.0 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 Labor Force Participation of 67.3% which is less than most other places in the surrounding region.

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 2.6 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 Salem CDP area. Salem CDP depicts it has a Single Earner Families of 19.5% which is the smallest when sorted by families with a single earner of all the other places in the local area. The place with the highest families with a single earner in the area is Bauxite which shows a single earners rate of 35.9% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Salem CDP shows it has a Families with No One Working of 13.3% which is in the mid range of other places in the area. The place with the highest families with no one working in the area is Bauxite which depicts a families with no worker of 18.5% (38.4% larger).

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 In Poverty of 56 which is the smallest when sorted by total people earning less than the poverty level of all the other places in the metropolitan area. The place with the highest total people earning less than the poverty level in the area is Benton which shows a total people earning less than the poverty level of 3,253 ( substantially 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 Population In Poverty of 2.8% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Alexander which depicts a percent of people in poverty of 22.5% ( considerably 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 under 12 years at 25% of the total and is ranked #2. The only larger place being Avilla CDP with 45%. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 21% of the total and is ranked #3. Only #2 Bryant (26%), and #1 Alexander (30%) are larger. Third, it has the largest proportion of person in poverty 55 to 64 years at 30% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Salem CDP has the largest proportion of married with children and in poverty at 49% of the total and is ranked #1. Second, it has one of the largest proportions of unmarried with children and in poverty at 49% of the total and is ranked #2. The only larger place being Alexander with 51%.

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 highschool graduate 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 Public Assistance Percent of 5.8% which is the second smallest in terms of households with public assistance of all the other places in the area. The place with the highest households with public assistance in the area is Bauxite which depicts a households with public assistance of 26.2% (approximately 4.5 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Salem CDP depicts it has a Gini Index of 35.2% which is the second smallest when ranked by the gini index of all the other places in the metro area.

Salem 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 Salem 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.) Salem CDP has the largest proportion of people who take public transportation 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 Salem CDP or elsewhere.) Salem CDP has the largest proportion of people who walked 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. Salem CDP has the smallest proportion of people who leave for work between 6am to 630am at 4% of the total. Second, it has the largest proportion of people who leave for work between 7am to 730am at 17% of the total and is ranked #1. Third, 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. Also, it has the largest proportion of people who leave for work between 12noon to 4pm at 11% 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. Salem CDP has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the metro area at 8% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 18% of the total and is ranked #2. The only larger place being Bauxite with 22%. Third, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region in terms of people with commute time between 15 to 19 minutes at 11% of the total. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 5% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 45 to 59 minutes at 1% of the total.

The average commute time is shown in Figure 37. Salem CDP shows it has a Avg Commute Time of 22 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Salem CDP indicates average commute time in minutes for men about 20.0% 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 smallest proportion of no vehicle available at 7% of the total. Second, it has the smallest proportion of 1 vehicle available at 38% of the total. Third, it has the largest proportion of 3 vehicles available at 20% of the total and is ranked #1. Also, it has the largest proportion of 4 vehicles available at 7% 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 Work in city or place where live of 5% 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 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 31% ( markedly bigger). Comparing people who both work and live in the same city to the United States average of 42%, Salem CDP is approximately an eigth the size. Also, measured against the state of Arkansas, people who both work and live in the same city of 51%, Salem CDP is approximately a tenth 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 shows it has the hightest median earnings of $78,618 for the management, business, and financial occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Salem CDP shows it has the hightest median earnings of $59,464 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Salem CDP employment data in terms of job categories and salary data.

Salem 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. Salem CDP shows it has the hightest entrepreneurs of 100% for the self employed management, business, science, and arts businesses aggregate.

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. Salem CDP shows it has the hightest entrepreneurs of 100% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Salem CDP shows it has a Self Employment Income of $30,153 which is the third most of all other places in the metro area. The place with the highest average annual self employment income in the area is Avilla CDP which indicates an average annual self employment income of $189,772 ( considerably bigger). Comparing average annual self employment income to the United States average of $39,154, Salem CDP is approximately three-fourths the size. Also, compared with the state of Arkansas, average annual self employment income of $34,501, Salem CDP is about 14.4% smaller.

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