LotsCap

Economy Profile

Lee County

  • Arkansas State
  • October, 2024
TSAC-CFD-05077

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 205422
AVG Real Growth (2017-2022)
-0.82 %
Unemployment Rate (May, 2024)
5.7 %
Labor Force Size
2488
Number of Businesses
221
Average Annual Wage
$ 42387

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 205422
GDP Per Capita
$ 23704
GDP Growth Rate (2022)
-21 %
Average Growth Rate (2017-2022)
-0.82 %
Goods Producing Contribution (%)
15.5%
Service Providing Contribution (%)
61%
Goverment Contribution
23.5%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
2488
Labor Force Growth
-2.96%
Unemployment
142
Unemployment Rate
5.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
43.7%
Employment Rate (with Bachelor's Degree)
79.8%
Employment Rate (75+ y.o.)
5.1%
Employment Rate (Black)
28.8%
Employment Rate (Female)
44.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
221
Number of Employment
1706
Annual Average Wages
$ 42387
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 41663
Service-providing (avg pay)
$ 42829
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 33801
Household Income (Median)
$ 56868
Per Capita Income
$ 20338
Per Capita Income Growth (2010-2022)
55.2 %
Gini Index
0.5628*
Poverty Rate
27.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov