According to CNBC, Arkansas currently ranks as the 35th best state for business, with the 10th-lowest cost of doing business, 8th-lowest cost of living, 41st best workforce, 29th-best economic climate, 41st-best educated workforce, 41st-best infrastructure and the 32nd-friendliest regulatory environment.
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.
Does Arkansas have a strong economy?
(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 Arkansas ranked in the country?
Arkansas Rankings
| Health Care | #49 |
|---|---|
| Education | #41 |
| Economy | #41 |
| Infrastructure | #43 |
| Opportunity | #22 |
What is the economic status of Arkansas?
Overview of the Arkansas Economy
Arkansas’s gross state product (GSP) in 2019 reached $119.4bn, with growth of 1.1% over the 5-years to 2019. Businesses in Arkansas employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.
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 in the United 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.
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.
What is the main source of income in Arkansas?
Agriculture
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.
How many Fortune 500 companies are in Arkansas?
Six Fortune 500 companies
Six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation by revenue, Walmart.
Where does Arkansas rank in education?
Education Rankings
| Rank | State | Pre-K-12 |
|---|---|---|
| 40 | Nevada Nevada | 48 |
| 41 | Arkansas Arkansas | 38 |
| 42 | Oklahoma Oklahoma | 44 |
| 43 | Mississippi Mississippi | 43 |
What is Arkansas known for?
Arkansas is known for its lakes, rivers, and hot springs, extreme weather and frequent storms, rice and poultry production, and the only active diamond mine in the United States.
Does Arkansas have good healthcare?
Arkansas’s overall national ranking in The Commonwealth Fund’s annual Scorecard on State Health Care System Performance remains unchanged from last year at 42nd out of the 50 states and the District of Columbia, the organization said in a news release Friday, Sept. 11.
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 |
What are 5 major industries in Arkansas?
- Timber & Forest Products.
- Firearms and Ammunition.
- Transportation Equipment.
What is the life expectancy in Arkansas?
76.2 years
Table 1 shows that in 2019, the life expectancy for Arkansans at birth was 76.2 years, 2.6 years behind the United States’ average of 78.81. Females tend to live longer than males, and Arkansas is no exception. The life expectancy at birth for male residents was 73.5 compared with 79 for female residents.
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 U.S. state is the richest in 2021?
Richest U.S. States by GDP
- 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
- Texas.
- New York.
- Florida.
- Illinois.
Which state has the highest poverty rate 2021?
Mississippi
Mississippi, which has the highest poverty rate of all states, actually witnessed its share of people living below the poverty line decline from 22.6% in 2014, down to 20.3% in 2019; an improvement certainly, but it still represents just over a fifth of the population.
Which race has the highest poverty rate in the U.S. 2020?
Blacks
Among non-Hispanic Whites, 8.2 percent were in poverty in 2020, while Hispanics had a poverty rate of 17.0 percent. Among the major racial groups examined in this report, Blacks had the highest poverty rate (19.5 percent), but did not experience a significant change from 2019.
Is Florida a poor state?
Nearly 55 percent of Florida’s four million children are either living in or near poverty, or in households that are one missed paycheck or lost job away from not being able to meet basic needs. With 20% of Florida children actually living in poverty, Florida ranks in the bottom 15 states (35th in the nation).
