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Marion County, Arkansas, exhibits a robust economic performance with an annual GDP of approximately 770 million dollars and a GDP per capita of 45,553 dollars. Notably, the county's GDP growth rate surged by 11.1% in the last year, significantly outpacing the state growth rate of 1.3% and the national rate of 1.9%. Over the past 13 years, Marion County has maintained a compound annual growth rate (CAGR) of 6.1%, indicating strong long-term economic resilience. The county's economy is heavily reliant on goods production, contributing 58.8% to its GDP, which is notably higher than the state average of 22%. In comparison to other counties in Arkansas, Marion County's growth trajectory and goods-producing focus position it favorably, highlighting its potential as a key player in the regional economy.
Marion County, AR, exhibits a notably low employment rate of 61% for individuals aged 20-64, significantly below the Arkansas state average of 69.3% and the national average of 73.8%. However, the county boasts a high employment rate of 86.4% for those with a Bachelor's degree, which is competitive compared to the state (83.5%) and national (84.3%) figures. The employment rate for high school graduates in Marion County is also low at 54.8%, compared to 63.4% in Arkansas, indicating potential challenges in job accessibility for those without higher education. Additionally, the county's employment rate for females at 57.5% is below the state average of 65.9%, suggesting gender disparities in employment opportunities. Overall, Marion County faces significant employment challenges relative to both state and national benchmarks, particularly for those without a college degree.
Marion County, AR, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $42,891 and a median household income of $57,906, Marion County falls well below Arkansas's state averages of $56,335 and $79,592, respectively. The county's income per capita of $25,315 is also notably lower than the state average of $31,868. Furthermore, 20.4% of households earn less than $20,000, which is higher than the state average of 16.3%. In contrast, only 6.1% of households in Marion County earn over $200,000, indicating a lack of high-income earners. This economic landscape suggests that Marion County faces significant income inequality and poverty challenges, particularly when compared to more prosperous counties like Benton County, which boasts a mean household income of $85,269.