Highlights
| Measure | Rating | 2021 Value |
|---|---|---|
| Poverty †Percentage of households | + | 16.3% |
| Unemployment †Percentage of civilian population | ++ | 5.0% |
| Food InsecurityPercentage of households | + | 12.6% |
| Homeownership †Percentage of occupied housing units | ++ | 65.5% |
What is the poverty line in Arkansas 2021?
The basic cost of living per year in Arkansas is $46k for a family of 4 and $18k for a single adult. This is much different than Federal Poverty Line estimates which are: $25k for a family and $12k for singles. More than 1 in 3 families with children in Arkansas live below the family threshold.
What is the poverty rate in Arkansas?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $49,475 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $27,724 |
| Persons in poverty, percent | 15.2% |
Which state has the highest poverty rate 2021?
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 Arkansas a poverty state?
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.
What is the poorest county in the state of Arkansas?
Phillips County is located in eastern Arkansas along the Mississippi River. The poorest county in the state and one of the poorest in the country, Phillips’ median household income of $26,652 a year is well below both the state median annual household income of $43,813 and the national median of $57,652.
What is the 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.
Where does Arkansas rank for poverty?
The most recent poverty rate for Arkansas is 17.2% for 2016, meaning that Arkansas has the nation’s seventh highest poverty rate. The official US poverty rate is 14.0%.
What is the poverty line in Arkansas 2022?
HHS Poverty Guidelines for 2022
| 2022 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA | |
|---|---|
| Persons in family/household | Poverty guideline |
| 1 | $13,590 |
| 2 | $18,310 |
| 3 | $23,030 |
What is a good salary in Arkansas?
$3,752 is the 25th percentile. Salaries below this are outliers. $7,581 is the 90th percentile. Salaries above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | Little Rock |
|---|---|
| Annual Salary | $60,096 |
| Monthly Pay | $5,008 |
| Weekly Pay | $1,156 |
| Hourly Wage | $28.89 |
What are the top 10 poorest states?
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 state has lowest poverty rate?
New Hampshire
Idyllic New Hampshire boasts the lowest percentage of its population living below the poverty line[+] According to the latest data from the U.S. Census Bureau — namely, the 2019 American Community Survey, 5-Year Estimates — the U.S. poverty rate nationally is 13.4%.
What is a good poverty rate?
The 2021 poverty threshold in the United States is $26,246 for a family of four. This means that households with two adults, two children, and a pre-tax income of less than $26,246 are considered to be living in poverty.
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 causes poverty in Arkansas?
Poverty has many causes including a lack of education and skills to bring to the work force, a family’s geographic location, a lack of community support, family structure (specifically the number of earners in a family impacts the ability to make ends meet), incarceration, and income inequality.
Where is the poorest place in the US?
Places (2013—2017 American Community Survey)
| Rank | Place | State or territory |
|---|---|---|
| 1 | Little River CDP | California |
| 2 | Villanueva CDP | New Mexico |
| 3 | Nottoway Court House CDP | Virginia |
| 4 | Lower Santan Village CDP | Arizona |
What is the wealthiest part of Arkansas?
Wealthiest City in Arkansas: Cave Springs
- Number of households: 1,421.
- Median household income: $134,740.
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).
What is the racial makeup of Arkansas?
In 2019, Arkansans identified as 79% white, 16% black, 8% Hispanic, 2% Asian, 2% two or more races, 1% Native American, and 0.4% (11,800 individuals) Pacific Islander. Pacific Islanders and Hispanics were the groups that saw the largest percent growth in their populations from 2000 to 2019.
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 |
What is the AMI for Arkansas?
Compare Jurisdictions
| Rent Affordable at Different Income Levels | Arkansas | Fayetteville-Springdale-Rogers HMFA |
|---|---|---|
| 30% of Area Median Income (AMI) | $464 | $562 |
| Estimated Renter Median Household Income | $797 | $1,003 |