Arkansas’s poverty rate of 17.2%, the seventh highest in the nation, is better than Louisiana’s or Mississippi’s. They have the highest poverty rates in the nation at 20.2% and 20.8% as of 2016. Oklahoma, Tennessee, and Texas are just below Arkansas with the 10th, 12th, and 13th highest rates (16.3%, 15.8%, and 15.6%).
What is Arkansas poverty level income?
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% |
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% |
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 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 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 poorest US 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 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 poverty level income?
Persons in family/household. Poverty guideline. 1. $13,590. 2.
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 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).
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.
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.
What is considered low income for a single person in 2021?
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 |
How much money does a single person need to live comfortably?
It helps to use what’s called the 50-30-20 rule. In general, you’ll want your monthly necessities (housing, transportation, etc) to be around 50% of your monthly net income. This means it should be under $2,000 based on a $60,000 income. That is where the 50 in the 50-20-30 rule comes from.
How much money do you need to live on your own?
A popular rule of thumb says your income should be around 3 times your rent. So, if you’re looking for a place that costs $1,000 per month, you may need to earn at least $3,000 per month.
What is a livable salary 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 |
How much money do you need to live comfortably in Arkansas?
Arkansas — $44,571 per year.
What is a good wage 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 | Hot Springs |
|---|---|
| Annual Salary | $56,201 |
| Monthly Pay | $4,683 |
| Weekly Pay | $1,081 |
| Hourly Wage | $27.02 |
What is the richest U.S. state?
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.
