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Cleburne County, Arkansas, with an annual GDP of approximately 781 million dollars and a GDP per capita of 31,310 dollars, exhibits a challenging economic landscape, particularly with a recent GDP growth rate of -1.3% and a negligible compound annual growth rate (CAGR) of -0.02% over the past 13 years. This contrasts sharply with the state of Arkansas, which has a GDP of 166 billion dollars and a per capita GDP of 54,988 dollars, reflecting a more robust economic environment. Cleburne's economy is heavily reliant on goods-producing sectors, contributing 27.4% to its GDP, which is higher than the state average of 22%. However, its overall economic performance lags behind more prosperous counties like Pulaski and Benton, highlighting the need for strategic initiatives to stimulate growth and improve living standards in the region.
Cleburne County, AR, exhibits a notably lower employment rate for individuals aged 20-64 at 63.4%, compared to the state average of 69.3% and the national average of 73.8%. The county's employment rate for those with a Bachelor's degree is also below both state (83.5%) and national (84.3%) figures, standing at just 69.6%. Additionally, the employment rate for high school graduates in Cleburne County (66.2%) is slightly above the state average (63.4%) but still lags behind the national average (67.9%). The county's employment rates for Black individuals (30.1%) and females (58.4%) are significantly lower than both state and national averages, indicating potential challenges in workforce participation and equity. Overall, Cleburne County's employment landscape suggests a need for targeted economic development initiatives to enhance job opportunities and educational attainment.
Cleburne County, AR, exhibits a Mean Household Income of $52,780 and a Median Household Income of $71,025, which are below the state averages of $56,335 and $79,592, respectively. The county's Income Per Capita stands at $31,041, also trailing behind the state figure of $31,868. Notably, Cleburne County has a lower income Gini index of 0.4541 compared to the state average of 0.4821, indicating a more equitable income distribution. However, 16% of households earn less than $20,000, which is higher than the state average of 16.3%. In comparison to neighboring counties, Cleburne's income levels are modest, particularly when contrasted with Benton County, which boasts a Mean Household Income of $85,269, highlighting economic disparities within the region.