Arkansas is the 27th largest state by land area and 33rd most populous. Little Rock is the capital and most populated city in Arkansas and has numerous mid to large sized companies located within its city bounds. The state produces over one billion dollars annually in both soybeans and rice.
Arkansas ranks below average on income, labor force participation and educational attainment compared with other states. The state has also seen low population growth compared with other states.
Income
Households in the state of Arkansas earn signifcantly less money than the national median income, averaging 24% less per household.
Housing
Arkansas has a median house price of $128,500. The cost of homeownership is significantly less than most states. The cost of renting in Arkansas is 30% less than the national average.
| Percent
| Ranking
|
Renter Occupied Households |
35% |
18th |
New Construction (Built after 2000) |
24% |
13th |
Demographics
The median age in the state is 38. The age of the general population in Arkansas is comparable with other US states.
Arkansas ranks in the lowest of the nation for having an educated population. The state has significantly less college graduates per resident than most states.