LotsCap

Economy Profile

Johnson County

  • Arkansas State
  • October, 2024
TSAC-CFD-05071

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 890231
AVG Real Growth (2017-2022)
1.94 %
Unemployment Rate (May, 2024)
6.5 %
Labor Force Size
9477
Number of Businesses
492
Average Annual Wage
$ 40382

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 890231
GDP Per Capita
$ 34339
GDP Growth Rate (2022)
5.3 %
Average Growth Rate (2017-2022)
1.94 %
Goods Producing Contribution (%)
39.7%
Service Providing Contribution (%)
49.3%
Goverment Contribution
11%
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
9477
Labor Force Growth
-1.66%
Unemployment
619
Unemployment Rate
6.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
64.5%
Employment Rate (with Bachelor's Degree)
75.1%
Employment Rate (75+ y.o.)
4.5%
Employment Rate (Black)
27.3%
Employment Rate (Female)
57.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
492
Number of Employment
8397
Annual Average Wages
$ 40382
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 41935
Service-providing (avg pay)
$ 38261
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 42470
Household Income (Median)
$ 56684
Per Capita Income
$ 22457
Per Capita Income Growth (2010-2022)
32.6 %
Gini Index
0.4456*
Poverty Rate
21.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov