Agriculture industry Agriculture is one of the leading industries in the state of Arkansas and contributes approximately $16 billion every year in the economy of the state. In the past, cotton was the leading cash crop in the state, but currently, rice is the largest agricultural export in Arkansas.
What are 4 major industries in Arkansas?
- Timber & Forest Products.
- Firearms and Ammunition.
- Transportation Equipment.
What is the economy based on in Arkansas?
Agriculture and forestry
Eastern Arkansas in particular has truly felt the impact of the globalization of the state’s economy. Where cotton once dominated the region’s agricultural economy, it now shares its place with rice, soybeans, and wheat.
Is Arkansas rich or poor?
Arkansas. The fourth-poorest state in the U.S. is Arkansas. Arkansas’s median household income is the second-lowest at $50,540. The state’s overall poverty rate is 14.7%, and 21.7% of the state’s children live in poverty.
Is Arkansas a rich country?
Arkansas is the 48th richest state in the United States of America, with a per capita income of $16,904 (2000).
Who is the largest employer in Arkansas?
University of Arkansas for Medical Sciences in Little Rock — UAMS is the only academic health and science university in Arkansas, and it’s the largest public employer, with more than 10,000 employees in all but 2 counties across the state.
What are the most common jobs in Arkansas?
The most common jobs held by residents of Arkansas, by number of employees, are Driver/sales workers & truck drivers (45,615 people), Registered nurses (31,933 people), and Firstline supervisors of retail sales workers (29,319 people).
What is the main cash crop in Arkansas?
rice
This state’s most important crop is rice. Arkansas is the leading producer of rice in the United States, providing about 46% of the nation’s supply. Arkansas grows lots of soybeans and ranks 10th in the nation. Cotton, corn for grain, and wheat round out Arkansas’s most valuable five crops.
Who owns the most land in Arkansas?
Ted Turner, who reportedly owns property in Arkansas, comes up just behind Malone on the USA Today list with 2 million acres.
What jobs are in demand in Arkansas?
Detailed List Of The Fastest Growing Jobs In Arkansas
| Rank | Job Title | Average Wage |
|---|---|---|
| 1 | Physical Therapist Assistant | $57,410 |
| 2 | Nurse Practitioner | $89,440 |
| 3 | Physical Therapist | $77,040 |
| 4 | Occupational Therapist | $80,850 |
Which state is poorest in USA?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
Is it cheap to live in Arkansas?
Compared to the rest of the country, Arkansas has a much lower cost of living. Arkansas has the third-lowest cost of living among all U.S. states. A dollar in Arkansas supports more real spending than it does in more expensive states.
What are the 10 poorest states in the US?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What is the richest town in Arkansas?
In Arkansas, Bentonville is home to more billionaires than any other city. A total of two billionaires live in Bentonville with a combined net worth of $124.6 billion. Of Bentonville residents with a minimum 10-figure net worth, Jim Walton is the wealthiest, worth an estimated $62.4 billion.
What is the richest U.S. state?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
Who is the wealthiest person in Arkansas?
Forbes lists 5 billionaires in Arkansas.
- #5. Warren Stephens. – Net worth: $2.9 billion (#1,069 wealthiest in the world)
- #4. John Tyson. – Net worth: $3.0 billion (#1,039 wealthiest in the world)
- #3. Johnelle Hunt.
- #2. Rob Walton.
- #1. Jim Walton.
- You may also like: Where people in Arkansas are moving to most.
What is Arkansas most famous for?
Arkansas is known for its diamond mines. The first diamonds were discovered in Arkansas in 1906, and since then, millions of carats of diamonds have been mined from the state. The most famous diamond mine in Arkansas is the Crater of Diamonds State Park.
What Fortune 500 companies are in Arkansas?
Four Arkansas companies made the 2021 Fortune 500 list, down one from last year. These four companies include Walmart, Tyson Foods, J.B. Hunt Transport Services and Murphy USA. Now in its 67th year, the Fortune 500 ranks the top corporations in the United States.
What is a person from Arkansas called?
Although “Arkansan” has become the standard usage, some of the state’s best-known writers have argued in favor of “Arkansawyer.” To confuse the issue further, another term, Arkansians, was used even earlier than either Arkansawyer or Arkansan.
How much money do you need to live comfortably in Arkansas?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $25,918 | $48,890 |
| Annual taxes | $6,419 | $12,108 |
| Required annual income before taxes | $32,336 | $60,999 |
What is a high salary in Arkansas?
While ZipRecruiter is seeing salaries as high as $139,189 and as low as $19,104, the majority of salaries within the Average jobs category currently range between $45,031 (25th percentile) to $68,229 (75th percentile) with top earners (90th percentile) making $90,972 annually in Arkansas.