What Is The Average Income In Northwest Arkansas?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2016-2020 18.1
Income & Poverty
Median household income (in 2020 dollars), 2016-2020 $47,350
Per capita income in past 12 months (in 2020 dollars), 2016-2020 $30,476

Is Northwest Arkansas rich?

The per capita personal income of Northwest Arkansas residents is among the highest in the nation, according to new data released Thursday by the U.S. Bureau of Economic Analysis. The per capita personal income of $65,306 in the Fayetteville-Springdale-Rogers Metropolitan Statistical Area ranks No. 18 nationally.

What is the average individual income in Arkansas?

Personal income in Arkansas – income per capita 2000-2021
In 2021, the per capita personal income in Arkansas was 51,148 U.S. dollars. Personal income is the income that is received by persons from all sources.

What is considered high income in Arkansas?

Per Capita Income: $27,724. 4.0% of Households in Arkansas are High Income Households that make over $200,000 a year.

Is Fayetteville Arkansas rich?

Fayetteville is the city with the second most billionaires with the highest combined net worth in Arkansas. There is one billionaire in the city worth an estimated $3.8 billion. To determine the city in every state with the most billionaires, 24/7 Wall St. compiled data from Forbes’ Real Time Billionaires list.

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.

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Who is the richest family 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 a livable salary in Arkansas?

Living Wage Calculation for Arkansas

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 2 Children
Living Wage $15.55 $21.56
Poverty Wage $6.19 $6.37
Minimum Wage $11.00 $11.00

What’s a good salary in Arkansas?

$21.65 is the 25th percentile. Wages below this are outliers. $43.74 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.

City Fort Smith
Annual Salary $55,715
Monthly Pay $4,643
Weekly Pay $1,071
Hourly Wage $26.79

What is middle class income in Arkansas?

How much you have to earn to be middle class in every state

State Middle-class income Median household income
Indiana $43,310 $57,603
Mississippi $41,839 $45,792
West Virginia $41,649 $48,850
Arkansas $40,928 $48,952

What is the most common job in Arkansas?

The most common job groups, by number of people living in Arkansas, 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 salary is considered rich for a single person?

With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.

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Is Arkansas considered a poor state?

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.

How many billionaires live in Arkansas?

Table

Rank by number of billionaires (9/15/20) State or federal district Billionaires/ State’s 10M pop. (7/19 census) (9/15/20)
20 Oklahoma 15.16
23 Arkansas 16.57
27 Indiana 4.46
25 Montana 37.43

Is NW Arkansas a good place to live?

Year after year Northwest Arkansas receives national recognition for its high quality of life, low cost of living, reduced crime rates and economic vitality. In 2018, U.S. News & World Report ranked Fayetteville, AR in the top 5 Best Places to Live in the U.S. for the third year in a row.

What should I know before moving to Northwest Arkansas?

4 Things You Should Know Before Moving to Northwest Arkansas

  • The local airport, Northwest Arkansas Regional Airport (XNA), is expensive.
  • The job market is not diverse.
  • Northwest Arkansas is home to an aggressive tick population.
  • Dating may be difficult in Northwest Arkansas.

What is poorest county in Arkansas?

In Lafayette County, the poorest county in the state, the typical household earns just $32,397 a year. In Lafayette, more than one in every four residents live below the poverty line, compared to fewer than one in five Arkansas residents.

What are the poorest cities in Arkansas?

Here Are The 15 Poorest Cities In Arkansas

  • Bradley. Wikipedia.
  • Cove. Google Maps.
  • Georgetown. Facebook/Georgetown One Stop.
  • Vandervoort. Google Maps.
  • Haynes. Google Maps.
  • Sunset. Wikipedia.
  • Wickes. Google Maps.
  • Jennette. Google Maps. The town of Jennette is located in Crittenden County, 21 miles west of Memphis.
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Where is the best place in Arkansas to live?

Here are some of the best places to live in Arkansas.

  • Fayetteville. Home to the University of Arkansas, Fayetteville is on the outskirts of the Boston Mountains and serves as the regional hub of Northwest Arkansas.
  • Little Rock.
  • Fort Smith.
  • Jonesboro.
  • Rogers.
  • Bentonville.
  • Hot Springs.
  • Texarkana.

Who is the richest woman in Arkansas?

Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. In September 2016, she owned over US$11 billion in Walmart shares.

Alice Walton
Born Alice Louise Walton October 7, 1949 Newport, Arkansas, U.S.
Education Trinity University
Known for Heiress, Walton family fortune

What billionaires live 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.