LotsCap

Economy Profile

Lincoln County

  • Arkansas State
  • October, 2024
TSAC-CFD-05079

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 322428
AVG Real Growth (2017-2022)
0.76 %
Unemployment Rate (May, 2024)
5.7 %
Labor Force Size
3760
Number of Businesses
240
Average Annual Wage
$ 45638

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 322428
GDP Per Capita
$ 24772
GDP Growth Rate (2022)
-6.9 %
Average Growth Rate (2017-2022)
0.76 %
Goods Producing Contribution (%)
35.2%
Service Providing Contribution (%)
36%
Goverment Contribution
28.7%
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
3760
Labor Force Growth
1.4%
Unemployment
214
Unemployment Rate
5.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
34.8%
Employment Rate (with Bachelor's Degree)
71.7%
Employment Rate (75+ y.o.)
6.5%
Employment Rate (Black)
10.5%
Employment Rate (Female)
62.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
240
Number of Employment
2674
Annual Average Wages
$ 45638
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 45367
Service-providing (avg pay)
$ 45177
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 50526
Household Income (Median)
$ 68575
Per Capita Income
$ 18191
Per Capita Income Growth (2010-2022)
21.1 %
Gini Index
0.4713*
Poverty Rate
17.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov