LotsCap

Economy Profile

Marion County

  • Arkansas State
  • October, 2024
TSAC-CFD-05089

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 770080
AVG Real Growth (2017-2022)
6.1 %
Unemployment Rate (May, 2024)
4.8 %
Labor Force Size
6024
Number of Businesses
298
Average Annual Wage
$ 39251

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 770080
GDP Per Capita
$ 45553
GDP Growth Rate (2022)
11.1 %
Average Growth Rate (2017-2022)
6.1 %
Goods Producing Contribution (%)
58.8%
Service Providing Contribution (%)
35.8%
Goverment Contribution
5.5%
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
6024
Labor Force Growth
-0.97%
Unemployment
287
Unemployment Rate
4.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
61%
Employment Rate (with Bachelor's Degree)
86.4%
Employment Rate (75+ y.o.)
3.8%
Employment Rate (Black)
0%
Employment Rate (Female)
57.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
298
Number of Employment
3403
Annual Average Wages
$ 39251
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 42218
Service-providing (avg pay)
$ 36602
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 42891
Household Income (Median)
$ 57906
Per Capita Income
$ 25315
Per Capita Income Growth (2010-2022)
29.6 %
Gini Index
0.4478*
Poverty Rate
17.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov