(KAIT) – A lack of high-tech jobs across Arkansas contributed to the state being ranked as having the 6th worst economy in the nation. According to WalletHub’s 2019 Best & Worst State Economies study, Arkansas ranked poorly in GDP growth, exports per capita, annual median household income, and unemployment rate.
What is the economy like in Arkansas?
The economy of Arkansas produced US$119 billion of gross domestic product in 2015. Six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation by revenue, Walmart. Arkansas’s per capita income for 2010 was $36,027.
Is Arkansas a rich or poor state?
Louisiana public schools are considered to be among the worst in the U.S. The fourth-poorest state in the U.S. is Arkansas. Arkansas’s median household income is the third-lowest at $48,952.
Is Arkansas a rich country?
The report ranks Arkansas the third poorest state in the country. With a median household income of $44,334, Arkansas is one of only three states in the country where more than half of all households earn less than $45,000 a year.
Is Arkansas a good state to live in?
If you desire to keep your living costs low, want affordable property taxes, and nice weather. Plus you enjoy participating in outdoor activities. And prefer that all of it is located in a setting of smaller cities and charming home towns. Then, yes Arkansas is a good state to live in.
How do people in Arkansas make money?
The leading service industries of Arkansas are the wholesale (automobiles, farm products, mined products) and retail (department stores, discount stores, food stores) services group.
What is a good salary in Arkansas?
9% of jobs $20.97 is the 25th percentile. Wages below this are outliers. 27% of jobs $31.35 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | North Little Rock |
|---|---|
| Annual Salary | $57,966 |
| Monthly Pay | $4,830 |
| Weekly Pay | $1,115 |
| Hourly Wage | $27.87 |
What is the poorest U.S. state?
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%).
What are the 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.
Which U.S. state is the richest?
Maryland might have a relatively low median home value compared to many other places in the United States, but the Old Line State has the highest median household income in the country, making it the richest state in America for 2022.
What is the main industry in Arkansas?
Agriculture
Agriculture is Arkansas’ largest industry, adding around $16 billion to the state’s economy annually. The Natural State’s diverse landscape and climate produce a wide variety of Arkansas agricultural products. Arkansas is a major exporter of rice, soybeans, cotton, poultry and feed grains.
What city in Arkansas has the most millionaires?
This is the City in Arkansas With the Most Billionaires
| City with the most billionaires: | Number of billionaires: | Total billionaire net worth: |
|---|---|---|
| Arkansas: Bentonville | 2 | $124.6 billion |
| California: San Francisco | 41 | $173.8 billion |
| Colorado: Denver | 4 | $23.5 billion |
| Connecticut: Greenwich | 11 | $47.2 billion |
What is cool about Arkansas?
Fun Facts
- The state flag has 25 stars on it to symbolize Arkansas becoming the 25th state.
- Arkansas is the only US State that produces diamonds.
- The state is known for its beautiful lakes, rivers, and hot springs.
- The Arkansas state musical instrument is the fiddle.
Is moving to Arkansas a good idea?
Moving to Arkansas? Good move: The Natural State is one of the best places to relocate thanks to a low cost of living and a high quality of life that includes plenty of outdoor recreation, employment opportunities, a strong arts scene and more. The people who come here tend to love it and end up staying a long time.
What are the dangers of living in Arkansas?
We are a great place to live or visit, but that doesn’t mean there aren’t dangerous things in Arkansas.
Here Are The 6 Biggest Risks Living In The State Of Arkansas
- Street Crime. Flickr/Alan Cleaver.
- Theft/Home Invasion. Flickr/Cliff.
- Tornado Destruction.
- Hunting Accident.
- Vehicle Accident.
- Drowning.
Is Arkansas cheap to live?
Compared to the rest of the country, Arkansas has a much lower cost of living. A dollar in Arkansas supports more real spending than it does in more expensive states. C2ER’s Cost of Living Index reported that Arkansas’ cost of living is approximately 14% lower than the rest of the nation.
What is the most needed job 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 |
Does Arkansas have good paying jobs?
This is just a sampling of jobs you can get in Arkansas.
Top 25 Highest-Paying Jobs in Arkansas.
| OCCUPATION | AVERAGE SALARY | |
|---|---|---|
| 21. | Computer & Information Systems Managers | $112,320 |
| 22. | Architectural & Engineering Managers | $112,050 |
| 23. | Psychiatrists | $110,880 |
| 24. | Actuaries | $108,800 |
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).
How much money do you need to live comfortably in Arkansas?
Arkansas — $44,571 per year.
What is the cost of living in Arkansas?
A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
