Walnut Ridge Arkansas Income Charts

This section shows the Walnut Ridge Arkansas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Walnut Ridge shows it has a Median earnings of $38,750 which is the third most median earnings of all other places in the greater Walnut Ridge region. The city with the highest median earnings per worker in the area is Minturn which depicts a median earnings of $45,000 (16.1% larger). Comparing median earnings per worker to the United States average of $49,041, Walnut Ridge is approximately three-fourths the size. Also, compared with the state of Arkansas, median earnings per worker of $40,032, Walnut Ridge is only about 3.3% 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 $41,172 which is the second most of all the places in the local area. The city with the highest median household income in the area is Minturn which shows a median income of $51,250 (24.5% larger). Comparing median household income to the United States average of $62,843, Walnut Ridge is approximately three-fourths the size. Also, compared to the state of Arkansas, median household income of $47,597, Walnut Ridge is about 15.6% smaller.

The next section examines a variety of different income statistics for the Walnut Ridge metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 the second smallest as measured by median earnings of less than $10,000 of all the other places in the local area at 3.8% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 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 a Avg Hours Worked of 38.7 which is the smallest as measured by average hours of all the other places in the metro area. The city with the highest average hours in the area is Minturn which depicts an average hours of 49.8 (28.7% 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 $19.26 which is the largest of all places in the greater Walnut Ridge region. Comparing average hourly earnings to the United States average of $24.31, Walnut Ridge is approximately three-fourths the size. Also, versus the state of Arkansas, average hourly earnings of $19.54, Walnut Ridge is about the same size.

Figure 7 examines the number of self employed people in the Walnut Ridge metro area based on the number of people who reported any self employment income. Walnut Ridge depicts it has a Self Employed of 8.3% which is in the mid point range of other places in the metropolitan area. The city with the highest percentage of people self employed in the area is Minturn which depicts a percentage self employed of 24.2% (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-under 25 years at $51,949 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $56,484 of the total and is ranked #2. The only larger city being Minturn with $66,875. Third, it has one of the largest proportions of median income-45 to 64 years at $33,750 of the total and is ranked #2. The only larger city being OKean with $46,250.

Figure 9 breaks down the source of income and Walnut Ridge has the smallest proportion of investment and retirement income at 12.5% of the total.

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 16.1% which is in the mid range of other places in the greater region. The city with the highest households with retirement income in the area is OKean which depicts a households with retirement income of 25.8% (60.2% 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 $51,585 of the total and is ranked #2. The only larger city being Minturn with $71,250.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Walnut Ridge depicts it has the hightest cost of 97.5 for the cost of grocery items category.

Walnut Ridge 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 9.0% to 3.0% in February 2020. This represents a decrease in the monthly unemployment rate of 66.7%. Since that time, the monthly unemployment rate has gone to 5.2% This represents an increase in the monthly unemployment rate of 73.3%. 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 February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 32,838 to 39,740 in February 2020. This represents an increase in the monthly labor force participation of 21.0%. Since that time, the monthly labor force participation has gone to 40,014 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 Walnut Ridge shows it has a Unemployment Rate of 5.2% which is the second most unemployment rate of all the places in the greater Walnut Ridge region. The city with the highest unemployment rate in the area is Black Rock which depicts a rate of 8.7% (67.1% 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 a Labor Force Participation of 54.9% which is in the mid range of other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Walnut Ridge depicts full time employees approximately 3.7 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 Walnut Ridge area. Walnut Ridge indicates it has a Single Earner Families of 32.6% which is the third most families with a single earner of all other places in the greater Walnut Ridge region. The city with the highest families with a single earner in the area is Minturn which shows a single earners rate of 64.7% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Walnut Ridge depicts it has a Families with No One Working of 15.5% which is the smallest when sorted by families with no one working of all the other places in the surrounding region. The city with the highest families with no one working in the area is Sedgwick which depicts a families with no worker of 38.9% (approximately 2.5 times bigger).

Walnut Ridge Arkansas Poverty Charts

The next section details economy analysis about poverty for residents of the Walnut Ridge 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. Walnut Ridge shows it has a Total In Poverty of 807 which is more than all other places in the local area.

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 a Percent of Population In Poverty of 17.7% which is the third most of all other places in the area. The city with the highest percent of people earning less than the poverty level in the area is OKean which depicts a percent of people in poverty of 25.0% (41.0% 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 10% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Walnut Ridge has the largest proportion of married with children and in poverty at 59% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 48% of the total and is ranked #1. Third, it has the largest proportion of unmarried female with children and in poverty at 86% 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. Walnut Ridge has one of the largest proportions of less than highschool in poverty at 22% of the total and is ranked #3. Only #2 Portia (23%), and #1 OKean (24%) are larger. 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.) Walnut Ridge depicts it has a Public Assistance Percent of 18.8% which is in the center range of other places in the local area. The city with the highest households with public assistance in the area is Black Rock which depicts a households with public assistance of 33.2% (77.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Walnut Ridge shows it has a Gini Index of 42.0% which is the second most the gini index of all the places in the greater Walnut Ridge region.

Walnut Ridge 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 Walnut Ridge 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.) Walnut Ridge has the largest proportion of people who drive a car or motorcycle to work at 0% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 2% 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 Walnut Ridge or elsewhere.) Walnut Ridge has the largest proportion of people who drove alone at 91% of the total and is ranked #1. Second, it has the smallest proportion of people who carpooled at 6% of the total. Third, it has the largest proportion of people who take the bus at 0% of the total and is ranked #1. Also, it 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. Walnut Ridge 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 metro area at 1% of the total. Second, it has the second smallest in terms of people who leave for work between 12am to 5am of all the other places in the greater region in terms of people who leave for work between 530 am to 6am at 9% of the total. Third, it has the largest proportion of people who leave for work between 7am to 730am at 23% 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 5% 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. Walnut Ridge has the largest proportion of people with commute time of less than 5 minutesutes at 26% of the total and is ranked #1. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 15% of the total and is ranked #2. The only larger city being Sedgwick with 27%. Third, it has the second smallest in terms of 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 10 to 14 minutes at 8% of the total.

The average commute time is shown in Figure 37. Walnut Ridge depicts it has a Avg Commute Time of 19 which is the smallest when ranked by average commute time of all the other places in the local area. Figure 38 shows the difference between male versus female commuting time. Walnut Ridge shows average commute time in minutes for men 67.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Walnut Ridge has the percentage of no vehicle available less than most other places in the local area at 14% of the total. Second, it has one of the largest proportions of 1 vehicle available at 53% of the total and is ranked #3. Only #2 Hoxie (54%), and #1 Minturn (68%) are larger. Third, it has the second smallest when ranked by no vehicle available of all the other places in the area when sorted by 2 vehicles available at 18% of the total. Also, it has the largest proportion of 3 vehicles available at 6% 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.) Walnut Ridge shows it has a Work in city or place where live of 43% which is the largest of all places in the greater Walnut Ridge region. Comparing people who both work and live in the same city to the United States average of 42%, Walnut Ridge is only about 3.6% 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 17.6% 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 the hightest median earnings of $58,523 for the management, business, and financial occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Walnut Ridge shows it has the hightest median earnings of $52,000 for the earnings-healthcare practitioners and tech occupations category. The table in Figure 48, shows Walnut Ridge employment data in terms of job categories and salary data.

Walnut Ridge 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. Walnut Ridge depicts it has the hightest entrepreneurs of 58% for the self employed in sales and office related 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. Walnut Ridge depicts it has the hightest entrepreneurs of 58% for the self employed in retail trade aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Walnut Ridge depicts it has a Self Employment Income of $42,470 which is ranked #1 of all places in the greater Walnut Ridge region. Comparing average annual self employment income to the United States average of $39,154, Walnut Ridge is 8.5% larger. Also, versus the state of Arkansas, average annual self employment income of $34,501, Walnut Ridge is 23.1% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Walnut Ridge depicts total number of self-employed men approximately 3.1 times bigger as the total number of self-employed women.