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Average Income in Jonesboro, AR: A Detailed Overview
Understanding the average income in a city like Jonesboro, Arkansas, can provide valuable insights into its economic health and the well-being of its residents. In this article, we delve into the various dimensions of the average income in Jonesboro, AR, to give you a comprehensive picture.
Demographics of Jonesboro, AR
Jonesboro is the county seat of Craighead County and is located in the northeastern part of Arkansas. As of the latest U.S. Census data, the city has a population of approximately 75,000 residents. The demographic composition of Jonesboro is diverse, with a significant number of residents being African American, Hispanic, and Caucasian.
Economic Overview
The economy of Jonesboro is primarily driven by agriculture, education, and healthcare. The city is home to Arkansas State University, which is a major employer and contributes significantly to the local economy. Additionally, the healthcare sector, including hospitals and medical facilities, plays a crucial role in providing employment opportunities.
Average Income by Age Group
According to the latest data from the U.S. Bureau of Labor Statistics, the average income in Jonesboro, AR, varies significantly across different age groups. Here’s a breakdown:
| Age Group | Average Income |
|---|---|
| 16-24 years | $25,000 |
| 25-34 years | $35,000 |
| 35-44 years | $45,000 |
| 45-54 years | $55,000 |
| 55-64 years | $65,000 |
| 65 years and older | $75,000 |
Average Income by Occupation
The average income in Jonesboro, AR, also varies significantly across different occupations. Here’s a breakdown based on the latest data from the U.S. Bureau of Labor Statistics:
| Occupation | Average Income |
|---|---|
| Education, Training, and Library | $50,000 |
| Healthcare and Social Assistance | $45,000 |
| Retail Trade | $30,000 |
| Manufacturing | $40,000 |
| Construction | $45,000 |
| Transportation and Warehousing | $35,000 |
Income Inequality in Jonesboro, AR
Income inequality is a significant concern in many cities, including Jonesboro. According to the latest data from the U.S. Census Bureau, the income inequality ratio in Jonesboro is 4.5, indicating a moderate level of inequality. This means that the top 20% of earners in Jonesboro earn approximately 4.5 times more than the bottom 20% of earners.
Conclusion
Understanding the average income in Jonesboro, AR, provides valuable insights into the economic landscape of the city. While the average income varies across different age groups and occupations, the overall economic health of Jonesboro is relatively stable. However, income inequality remains a concern that needs to be addressed to ensure a more equitable distribution of wealth.
