Independence County, Arkansas

Income Data

+9% vs. Arkansas average
$56,009
Median Household Income
$30,007
Per Capita Income

At a Glance

Median Household Income
$56,009
+9% vs. state avg
Per Capita Income
$30,007
-24% vs. national
Income-to-Housing Ratio
46.5%
income as % of home value
Rank in Arkansas
#16 / 75
by median household income

How Independence County Compares

Independence County$56,009
Arkansas Average$51,156
National Median$74,755

Detailed Income Statistics

$56,009
Median Household Income
$30,007
Per Capita Income
$120,500
Median Home Value
46.5%
Income-to-Housing Ratio

Data Story

About Household Income in Independence County, Arkansas

Independence income trails national norm

Independence County's median household income of $56,009 falls 25% short of the national median of $74,755, reflecting a persistent regional income disadvantage. The $18,746 annual gap illustrates why Independence residents must plan carefully for major purchases and retirement savings.

Above-average Arkansas performer

Independence County ranks solidly above Arkansas's state median of $51,156, with a household income about 10% higher than the state average. This above-average standing positions Independence as one of Arkansas's more economically stable counties.

Strong position among peer counties

Independence County's $56,009 median household income exceeds most neighboring counties including Fulton ($38,941), Hempstead ($47,654), and Howard ($44,492), though it trails Grant ($72,512). This middle-to-upper performance reflects Independence's relative economic strength within the region.

Housing costs stay manageable

Independence households allocate just 17.4% of income to rent, well below the 30% affordability threshold and providing healthy financial cushion. With median home values at $120,500, residents enjoy reasonable access to homeownership and rental options.

Leverage stability for investments

Independence County's $56,009 income and favorable housing ratio position residents well for wealth-building through diversified investments and retirement planning. Regular contributions to employer 401(k)s and Roth IRAs can compound substantially over decades, creating meaningful financial security.

Frequently Asked Questions

What is the median household income in Independence County, Arkansas?
The median household income in Independence County, Arkansas is $56,009, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Independence County?
The per capita income in Independence County is $30,007, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $56,009.
How does Independence County compare to the Arkansas average?
Independence County's median household income of $56,009 is higher than the Arkansas state average of $51,156. The per capita income is $30,007, compared to the state average of $28,096.
What is the per capita income in Independence County, Arkansas?
The per capita income in Independence County, Arkansas is $30,007, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Independence County income higher than the Arkansas average?
Independence County's median household income of $56,009 is higher than the Arkansas average of $51,156. This difference of $4,853 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Independence County rank for income in Arkansas?
Independence County ranks #16 out of 75 counties in Arkansas by median household income (1 = highest). With a median household income of $56,009 and per capita income of $30,007, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Independence County

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Your income is above the Independence County median

County median: $56,009 per year

vs. County Median

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vs. State Average

+9%

vs. National Median

-25%

vs. Independence County MedianAbout equal
vs. Arkansas Average9% above
vs. National Median25% below

Income Adequacy

Monthly income covers median rent5.7x

Your monthly income ($4,667) vs. median rent ($814/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.