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Baxter County, Arkansas, has an annual GDP of approximately 1.95 billion dollars, with a GDP per capita of 46,755 dollars. The county's GDP growth rate over the last year stands at 2.3%, which is above the state average of 1.3% but below the national average of 1.9%. Over the past 13 years, Baxter County has experienced a compound annual growth rate (CAGR) of 3.3%, indicating a steady economic expansion. Notably, the goods-producing sector contributes 32.3% to the GDP, which is significantly higher than the state average of 22%. This positions Baxter County favorably compared to other counties in Arkansas, such as Pulaski and Benton, which have higher GDPs but lower goods-producing contributions, highlighting Baxter's unique economic structure focused on manufacturing and production.
Baxter County, AR, exhibits an employment rate of 65.6% for individuals aged 20-64, which is notably lower than the state average of 69.3% and significantly below the national average of 73.8%. The county's employment rate for those with a Bachelor's degree stands at 80%, slightly below the state rate of 83.5% and the national rate of 84.3%. Additionally, the high school graduate employment rate in Baxter County is 61%, compared to 63.4% statewide. The employment rate for Black individuals in Baxter County is relatively strong at 60.6%, surpassing the state average of 52.1%. Overall, while Baxter County shows some strengths, particularly in educational attainment, it lags behind both state and national averages in overall employment, indicating potential areas for economic development and workforce engagement.
Baxter County, AR, exhibits a mean household income of $47,403 and a median household income of $66,193, both significantly lower than the state averages of $56,335 and $79,592, respectively. The county's income per capita stands at $30,264, which is also below the state figure of $31,868. Notably, only 5.7% of households earn over $200,000, compared to 8.6% statewide, while 14.7% fall below the $20,000 threshold, indicating a higher prevalence of low-income households relative to the state. In comparison to neighboring counties, Baxter County's economic indicators suggest a more challenging financial landscape, particularly when juxtaposed with Benton County, which boasts a mean household income of $85,269, highlighting the economic disparities within Arkansas.