LotsCap

Economy Profile

Lafayette County

  • Arkansas State
  • October, 2024
TSAC-CFD-05073

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 185915
AVG Real Growth (2017-2022)
0.08 %
Unemployment Rate (May, 2024)
6.1 %
Labor Force Size
2086
Number of Businesses
160
Average Annual Wage
$ 37116

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 185915
GDP Per Capita
$ 29618
GDP Growth Rate (2022)
3.8 %
Average Growth Rate (2017-2022)
0.08 %
Goods Producing Contribution (%)
42.5%
Service Providing Contribution (%)
44.1%
Goverment Contribution
13.4%
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
2086
Labor Force Growth
-0.95%
Unemployment
127
Unemployment Rate
6.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
58.9%
Employment Rate (with Bachelor's Degree)
79.3%
Employment Rate (75+ y.o.)
10.9%
Employment Rate (Black)
36.5%
Employment Rate (Female)
56.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
160
Number of Employment
1004
Annual Average Wages
$ 37116
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 41037
Service-providing (avg pay)
$ 34230
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 40262
Household Income (Median)
$ 56291
Per Capita Income
$ 23699
Per Capita Income Growth (2010-2022)
33.9 %
Gini Index
0.4502*
Poverty Rate
21.6 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov