LotsCap

Economy Profile

Lonoke County

  • Arkansas State
  • October, 2024
TSAC-CFD-05085

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1750219
AVG Real Growth (2017-2022)
1.2 %
Unemployment Rate (May, 2024)
3.3 %
Labor Force Size
36823
Number of Businesses
1404
Average Annual Wage
$ 41597

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1750219
GDP Per Capita
$ 23559
GDP Growth Rate (2022)
-2.4 %
Average Growth Rate (2017-2022)
1.2 %
Goods Producing Contribution (%)
17.7%
Service Providing Contribution (%)
69.2%
Goverment Contribution
13%
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
36823
Labor Force Growth
3.26%
Unemployment
1201
Unemployment Rate
3.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.8%
Employment Rate (with Bachelor's Degree)
82.8%
Employment Rate (75+ y.o.)
5.3%
Employment Rate (Black)
43.8%
Employment Rate (Female)
69.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1404
Number of Employment
15228
Annual Average Wages
$ 41597
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56948
Service-providing (avg pay)
$ 36571
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 68078
Household Income (Median)
$ 85865
Per Capita Income
$ 32720
Per Capita Income Growth (2010-2022)
45.6 %
Gini Index
0.4211*
Poverty Rate
11.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov