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 level in Arkansas for 2020?
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% |
Where does Arkansas rank for poverty?
Arkansas ranks 46th in Poverty Rate at 18.1%(poverty rankings by state). The Poverty Rate of Arkansas is meaningfully higher than the national average of 14.6%.
What income is below poverty level?
9902(2).”
2021 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA.
| Persons in family/household | Poverty guideline |
|---|---|
| 1 | $12,880 |
| 2 | $17,420 |
| 3 | $21,960 |
| 4 | $26,500 |
What is the poverty rate in Arkansas 2021?
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 considered low income in Arkansas for a single person?
| Household Size | 50% of AMI | Extremely Low Income (ELI) |
|---|---|---|
| 1 person | $19,050 | $12,880 |
| 2 person | $21,800 | $17,420 |
| 3 person | $24,500 | $21,960 |
| 4 person | $27,200 | $26,500 |
What is the income limit for Arkansas Medicaid?
*For households with more than eight people, add $6,277 per additional person.
Who is eligible for Arkansas Medicaid Program?
| Household Size* | Maximum Income Level (Per Year) |
|---|---|
| 1 | $18,075 |
| 2 | $24,353 |
| 3 | $30,630 |
| 4 | $36,908 |
What is poorest county in Arkansas?
Arkansas: Phillips County
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 the state of Arkansas?
The counties with the highest poverty rates were: Lee (42.6 percent), Phillips (34.7 percent), St. Francis (31.8 percent), Lincoln (31.5 percent), and Desha (25.8 percent).
What is the poorest state in USA?
Mississippi
Mississippi is the poorest U.S. state. Mississippi’s median household income is $45,792, the lowest in the country, with a livable wage of $46,000. Additionally, the state has a poverty rate of 19.6%, the highest of any state.
What is low income for a single person?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What is the poverty line for a single person?
The threshold in the United States is updated and used for statistical purposes. In 2020, in the United States, the poverty threshold for a single person under 65 was an annual income of US$12,760, or about $35 per day. The threshold for a family group of four, including two children, was US$26,200, about $72 per day.
What is the federal poverty guideline for 2021?
For a family or household of 4 persons living in one of the 48 contiguous states or the District of Columbia, the poverty guideline for 2021 is $26,500. Separate poverty guideline figures are developed for Alaska and Hawaii, and different guidelines may apply to the Territories.
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 is the income limit for food stamps in Arkansas?
Those with a current bank balance (savings and checking combined) under $3,001 who share their household with either: A person or persons age 60 and over, or.
Who is eligible for this program?
| Household Size* | Maximum Income Level (Per Year) |
|---|---|
| 1 | $17,667 |
| 2 | $23,803 |
| 3 | $29,939 |
| 4 | $36,075 |
What is a livable wage in Arkansas?
Living Wage Calculation for Arkansas
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $15.55 | $25.14 |
| Poverty Wage | $6.19 | $7.46 |
| Minimum Wage | $11.00 | $11.00 |
What is a good salary for a single person in Arkansas?
Average Salary in Arkansas. 9% of jobs $43,621 is the 25th percentile. Salaries below this are outliers. 27% of jobs $65,211 is the 75th percentile.
How much is too much for Medicaid?
States that signed up extended Medicaid eligibility to all adults earning up to 138 percent of the federal poverty level, or about $16,105 for an individual. But if you live in one of the 23 states that didn’t expand coverage, the limits can be really strict, according to a new report from the Kaiser Family Foundation.
What is Arkansas health care Independence Program?
The Health Care Independence Act of 20131 is a novel approach to improving health in Arkansas through meaningful transformation of the state’s healthcare system using federal Medicaid funding to pay private market premiums.
What are the income limits for Medicaid?
There are separate programs with varying eligibility requirements for pregnant women, children, parents/caretakers, elderly and disabled residents. Income requirements: To qualify for Medicaid via expansion, your MAGI can’t exceed $1,784 per month for an individual and $2,413 per month for a two-person family.
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.
