Walnut Ridge Arkansas 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. Walnut Ridge shows it has $33,664 median earnings which is the 3d most of all other places in the area . The city with the highest median earnings in the area is Cache township-Lawrence County with an earnings of $41,000 is 21.8% larger. Comparing median earnings to the United States average of $47,712, Walnut Ridge is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, median earnings of $38,970, Walnut Ridge is about 15.8% 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 $38,917 median income which is the 3d most of all other places in the area . The city with the highest median income in the area is Richwoods township-Lawrence County with an income of $53,958 is 38.6% larger. Comparing median income to the United States average of $60,293, Walnut Ridge is approximately three-fourths the size. Also, measured against the state of Arkansas, median income of $45,726, Walnut Ridge is about 17.5% smaller.

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 less than most other places in the area at 14.5% of the total and is ranked 3d last in the group. Second, it has the largest proportion of median earnings of $100,000 or more at 2.7% 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 40.0 average hours which is the 5th ranked in average hours out of 10 total in the area . The city with the highest average hours in the area is Bristow township with an average hours of 42.1 is only about 5.2% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $16.18 average hourly earnings which is the 2nd most of all the places in the area . The city with the highest average hourly earnings in the area is Campbell township with an average hourly earnings of $16.80 measures only about 3.8% larger. Comparing average hourly earnings to the United States average of $23.71, Walnut Ridge is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, average hourly earnings of $19.02, Walnut Ridge is about 17.5% 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. Walnut Ridge shows it has 7.7% Self Employed which is the 4th ranked in Self Employed out of 10 total in the area . The city with the highest Self Employed in the area is Richwoods township-Lawrence County with a Self Employed of 22.0% is approximately 2.9 times bigger.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income for those under 25 years of age at $35,625 of the total and is ranked #1. Second, it has Median Income-45 to 64 years less than most other places in the area at $32,188 of the total and is ranked 3d last in the group.

In terms of the source of where income comes from, in Figure 9 Walnut Ridge has self employment income in the middle of other places in the area at 4.2% 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 16.5% households with retirement income which is the 2nd most of all the places in the area . The city with the highest households with retirement income in the area is Richwoods township-Lawrence County with a households with retirement income of 36.0% is about twice as large.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Walnut Ridge shows it has hightest cost of 97.5 for Cost of grocery items.

Walnut Ridge Arkansas 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 9.0% to 9.5%. This represents an increase in the Monthly Unemployment Rate of 5.6%. 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 illustrates that from February 2010 to April 2020 the Monthly Labor Force Participation went from 32,838 to 38,434. This represents an increase in the Monthly Labor Force Participation of 17.0%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Walnut Ridge shows it has 4.7% unemployment rate which is the 2nd most of all the places in the area . The city with the highest unemployment rate in the area is Bristow township with a rate of 6.4% is 35.6% larger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Walnut Ridge shows it has 52.9% participation rate which is the 5th 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. Walnut Ridge shows full time employees is approximately 4.4 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. Walnut Ridge shows it has 29.0% families with a single earner which is the 2nd most of all the places in the area . The city with the highest families with a single earner in the area is Richwoods township-Lawrence County with a single earners rate of 38.2% compares as 31.9% larger. The percentage of families with no one working is depicted in Figure 22. Walnut Ridge indicates it has 16.8% families with no one working which is the 5th ranked in families with no one working out of 10 total in the area . The city with the highest families with no one working in the area is Cache township-Lawrence County with a families with no worker of 50.0% is approximately 3.0 times bigger.

Walnut Ridge Arkansas 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. Walnut Ridge indicates it has 880 total people earning less than the poverty level which is the 2nd most of all the places in the area . The city with the highest total people earning less than the poverty level in the area is Campbell township with a total people earning less than the poverty level of 899 is only slightly larger.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Walnut Ridge shows it has 19.3% percent of people earning less than the poverty level which is the 4th ranked in percent of people earning less than the poverty level out of 10 total in the area . The city with the highest percent of people earning less than the poverty level in the area is Hoxie with a percent of people in poverty of 20.7% is 7.5% larger.

In Figure 25 people who are in poverty are broken out by age group. Walnut Ridge has the largest proportion of person in poverty Under 12 Years at 22% of the total and is ranked #1. Second, it has the largest proportion of person in poverty 35 to 54 years at 29% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Walnut Ridge has White poverty rate in the center of other places in the area at 19% of the total and is ranked in the middle of the group. Second, it has the largest proportion of Black poverty rate at 17% of the total and is ranked #1. Also, it has the largest proportion of American Indian poverty rate at 67% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Walnut Ridge has Married with children and in poverty in the middle of other places in the area at 11% of the total and is ranked in the middle of the group. Second, it has the largest proportion of Unmarried Male with children and in poverty at 62% 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 Walnut Ridge demonstrates it has 17.8% households with public assistance which is the 4th ranked in households with public assistance out of 10 total in the area . The city with the highest households with public assistance in the area is Hoxie with a households with public assistance of 22.0% is 23.4% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Walnut Ridge indicates it has 42.1% the Gini Index which is the 4th ranked in the Gini Index out of 10 total in the area .

Walnut Ridge Arkansas Work Commute Charts

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Walnut Ridge has people with commute time of less than 5 minutes in the mid range of other places in the area at 11% of the total and is ranked in the middle of the group.

The average commute time is shown in Figure 37. Walnut Ridge illustrates it has 17 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 Walnut Ridge indicates average commute time in minutes for men is 48.8% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Walnut Ridge has 1 vehicle available in the mid range of other places in the area at 16% of the total and is ranked in the middle of the group. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Walnut Ridge shows it has 45% people who both work and live in the same city which is the 2nd most of all the places in the area . The city with the highest people who both work and live in the same city in the area is Campbell township with a people who both work and live in the same city of 45% is about the same size. Comparing people who both work and live in the same city to the United States average of 42%, Walnut Ridge is 8.1% larger. Also, in comparison with the state of Arkansas, people who both work and live in the same city of 51%, Walnut Ridge is about 12.8% smaller.

Walnut Ridge 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. Walnut Ridge shows it has hightest median earnings of $56,875 for Management, business, and financial occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and Walnut Ridge shows it has hightest median earnings of $51,974 for Earnings-Healthcare practitioners and tech occupations.

Walnut Ridge Arkansas Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. Walnut Ridge shows it has hightest entrepreneurs of 61% for self employed in sales and office related 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. Walnut Ridge shows it has hightest entrepreneurs of 61% for self employed in retail trade.

In Figure 51 the average annual self employment income is shown. Walnut Ridge shows it has $27,158 average annual self employment income which is the 3d most of all other places in the area . The city with the highest average annual self employment income in the area is Hoxie with an average annual self employment income of $30,556 compares as 12.5% larger. Comparing average annual self employment income to the United States average of $37,819, Walnut Ridge is approximately three-fourths the size. Also, measured against the state of Arkansas, average annual self employment income of $33,965, Walnut Ridge is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women. Walnut Ridge shows total number of self-employed men measures approximately 2.7 times bigger than total number of self-employed women.