Little Rock Iowa Income Charts

This section shows the Little Rock Iowa economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Little Rock depicts it has a Median earnings of $41,250 which is the second most median earnings of all the places in the greater Little Rock region. The city with the highest median earnings per worker in the area is Sibley which depicts a median earnings of $44,492 (7.9% larger). Comparing median earnings per worker to the United States average of $49,041, Little Rock is about 18.9% smaller. Also, versus the state of Iowa, median earnings per worker of $46,762, Little Rock is about 13.4% 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 $56,719 which is in the mid range of other places in the area. The city with the highest median household income in the area is Bigelow which shows a median income of $68,194 (20.2% larger). Comparing median household income to the United States average of $62,843, Little Rock is about 10.8% smaller. Also, benchmarked against the state of Iowa, median household income of $60,523, Little Rock is about 6.7% smaller.

The next section examines a variety of different income statistics for the Little Rock metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 7.7% of the total and is ranked #3. Only #2 George (9.7%), and #1 Ellsworth (10.8%) are larger. Second, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the area in terms of earnings between $15,000 and $19,999 at 38.4% 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 39.9 which is the smallest in terms of average hours of all the other places in the metro area. The city with the highest average hours in the area is Bigelow which shows an average hours of 43.0 (7.8% 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 $19.88 which is the second most average hourly earnings of all the places in the greater Little Rock region. The city with the highest average hourly earnings in the area is Sibley which depicts an average hourly earnings of $20.82 (only about 4.7% larger). Comparing average hourly earnings to the United States average of $24.31, Little Rock is about 22.3% smaller. Also, measured against the state of Iowa, average hourly earnings of $23.12, Little Rock is about 16.3% smaller.

Figure 7 examines the number of self employed people in the Little Rock metro area based on the number of people who reported any self employment income. Little Rock shows it has a Self Employed of 22.0% which is at the top of all other places in the greater Little Rock region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the middle range of other places in the greater region at $62,917 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $72,917 of the total and is ranked #2. The only larger city being Rushmore with $80,625. Third, it has one of the largest proportions of median income-45 to 64 years at $42,083 of the total and is ranked #3. Only #2 Sibley ($43,295), and #1 George ($46,705) are larger.

Figure 9 breaks down the source of income and Little Rock has the largest proportion of income from wages at 11.1% 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 11.5% which is the second smallest as measured by households with retirement income of all the other places in the area. The city with the highest households with retirement income in the area is George which depicts a households with retirement income of 23.0% (about twice as large).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the local area at $63,750 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Little Rock depicts it has the hightest cost of 102.2 for the cost of healthcare classification.

Little Rock Iowa 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 5.9% to 3.3% in February 2020. This represents a decrease in the monthly unemployment rate of 44.1%. Since that time, the monthly unemployment rate has gone to 3.2% This represents a decrease in the monthly unemployment rate of 3.0%. 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 Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 89,808 to 107,707 in February 2020. This represents an increase in the monthly labor force participation of 19.9%. Since that time, the monthly labor force participation has gone to 105,314 This represents a decrease in the monthly labor force participation of 2.2%.

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 Little Rock depicts it has a Unemployment Rate of 3.9% which is the second most unemployment rate of all the places in the greater Little Rock region. The city with the highest unemployment rate in the area is Bigelow which depicts a rate of 5.4% (36.5% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Little Rock depicts it has a Labor Force Participation of 70.5% 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. Little Rock 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 Little Rock area. Little Rock depicts it has a Single Earner Families of 23.6% which is the second most of all the places in the local area. The city with the highest families with a single earner in the area is Rushmore which depicts a single earners rate of 28.4% (20.2% larger). The percentage of families with no one working is depicted in Figure 22. Little Rock depicts it has a Families with No One Working of 10.1% which is less than most other places in the area. The city with the highest families with no one working in the area is George which depicts a families with no worker of 24.6% (approximately 2.4 times bigger).

Little Rock Iowa Poverty Charts

The next section details economy analysis about poverty for residents of the Little Rock 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. Little Rock depicts it has a Total In Poverty of 16 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 city with the highest total people earning less than the poverty level in the area is Sibley which depicts a total people earning less than the poverty level of 326 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Little Rock depicts it has a Percent of Population In Poverty of 3.7% which is the smallest in order of percent of people earning less than the poverty level of all the other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Rushmore which depicts a percent of people in poverty of 18.2% (approximately 5.0 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Little Rock 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 metro area at 6% of the total. Second, it has the largest proportion of person in poverty 18 to 34 years at 50% of the total and is ranked #1. Third, it has one of the largest proportions of person in poverty 55 to 64 years at 25% of the total and is ranked #3. Only #2 Bigelow (31%), and #1 George (36%) are larger.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Little Rock has the smallest proportion of less than highschool in poverty at 6% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Little Rock has the largest proportion of people who are in poverty and unemployed at 50.0% 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.) Little Rock depicts it has a Public Assistance Percent of 9.9% which is in the mid range of other places in the greater region. The city with the highest households with public assistance in the area is Bigelow which depicts a households with public assistance of 18.3% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Little Rock shows it has a Gini Index of 32.5% which is less than most other places in the local area.

Little Rock Iowa Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Little Rock has the largest proportion of people who leave for work between 12am to 5am at 18% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 9% of the total. Third, it has the largest proportion of people who leave for work between 7am to 730am at 20% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 730 am to 8am at 1% of the total. In addition, it has the smallest proportion of people who leave for work between 830 am to 9am at 1% of the total. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Little Rock has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the area at 13% of the total. Second, it has in the mid range of other places in the area when sorted by people with commute time between 5 to 9 minutes at 15% of the total. Third, it has in the center range of other places in the area as measured by people with commute time between 10 to 14 minutes at 16% of the total. Also, it has the largest proportion of people with commute time between 60 to 89 minutes at 5% of the total and is ranked #1.

The average commute time is shown in Figure 37. Little Rock depicts it has a Avg Commute Time of 24 which is the second most average commute time of all the places in the greater Little Rock region. Figure 38 shows the difference between male versus female commuting time. Little Rock indicates average commute time in minutes for men only about 3.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Little Rock has the smallest proportion of no vehicle available at 11% of the total. Second, it has the smallest proportion of 1 vehicle available at 31% of the total. Third, it has the largest proportion of 4 vehicles available at 20% 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.) Little Rock shows it has a Work in city or place where live of 20% which is in the mid point range of other places in the metro area. The city with the highest people who both work and live in the same city in the area is Sibley which depicts a people who both work and live in the same city of 49% (approximately 2.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Little Rock is approximately half the size. Also, versus the state of Iowa, people who both work and live in the same city of 50%, Little Rock is approximately half the size.

Little Rock Iowa 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. Little Rock depicts it has the hightest median earnings of $66,250 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Little Rock depicts it has the hightest median earnings of $38,750 for the earnings-education, legal, community service, arts, media occupations aggregate. The table in Figure 48, shows Little Rock employment data in terms of job categories and salary data.

Little Rock Iowa 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. Little Rock shows it has the hightest entrepreneurs of 70% for the self employed management, business, science, and arts businesses category.

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. Little Rock depicts it has the hightest entrepreneurs of 40% for the self employed in construction aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Little Rock indicates it has a Self Employment Income of $32,198 which is the second most average annual self employment income of all the places in the greater Little Rock region. The city with the highest average annual self employment income in the area is Ellsworth which depicts an average annual self employment income of $39,175 (21.7% larger). Comparing average annual self employment income to the United States average of $39,154, Little Rock is about 21.6% smaller. Also, in comparison with the state of Iowa, average annual self employment income of $35,302, Little Rock is about 9.6% smaller.

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