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Benton County, Arkansas, demonstrates a robust economic profile with an annual GDP of approximately 21.5 billion dollars and a GDP per capita of about 74,948 dollars, reflecting a strong local economy. The county's GDP growth rate of 3.8% over the last year significantly outpaces the state average of 1.3% and is also higher than the national growth rate of 1.9%. Benton County's economic structure is heavily service-oriented, with 82.7% of its GDP coming from service-providing sectors, which is notably higher than the national average of 71.2%. This trend indicates a shift towards a more service-based economy, aligning with broader national trends. Comparatively, Benton County's GDP per capita is higher than that of Washington County (63,391 dollars) and significantly lower than Pulaski County (91,000 dollars), highlighting its competitive economic standing within Arkansas.
Benton County, AR, exhibits a robust employment landscape, with an employment rate of 79% for individuals aged 20-64, significantly surpassing both the state average of 69.3% and the national average of 73.8%. The county also boasts a high employment rate of 84.8% for those with a bachelor's degree, slightly above Arkansas's 83.5% and comparable to the national figure of 84.3%. Notably, Benton County's employment rate for high school graduates stands at 75.5%, well above the state average of 63.4%. Additionally, the county shows strong performance among Black residents, with a 72.7% employment rate, exceeding the state average of 52.1%. Overall, Benton County's employment metrics reflect a thriving economy, positioning it favorably compared to other counties in Arkansas.
Benton County, AR, stands out as a significant economic hub within the state, boasting a mean household income of $85,269 and a median household income of $116,152, both of which are notably higher than the state averages of $56,335 and $79,592, respectively. The county's income per capita of $43,359 also surpasses the state figure of $31,868, indicating a robust economic environment. Furthermore, Benton County has a higher percentage of households earning over $200,000 (11.7%) compared to the state average (8.6%) and a lower percentage of households earning less than $20,000 (7.5% vs. 16.3%). This suggests a more affluent demographic and a lower level of income inequality, as reflected in its Gini index of 0.4565, which is more favorable than both the state and national averages. Overall, Benton County's economic indicators position it as a leading county in Arkansas, reflecting a thriving local economy.