Understanding Jonesboro, AR Median Income: A Detailed Overview
When it comes to understanding the economic landscape of a community, median income is a crucial metric. Jonesboro, Arkansas, like many other towns and cities across the United States, has its own median income figures that reflect the economic health and opportunities available to its residents. Let’s delve into the various dimensions of Jonesboro’s median income to get a clearer picture.
What is Median Income?
Median income is the midpoint of all household incomes in a particular area. It means that half of the households in Jonesboro earn more than this amount, and the other half earn less. This figure is often used to gauge the economic well-being of a community and to compare it with other areas.
Current Median Income in Jonesboro, AR
As of the latest available data, the median income for a household in Jonesboro, AR, is approximately $45,000. For a family of four, the median income is around $60,000. These figures are based on the U.S. Census Bureau’s American Community Survey (ACS) and can vary slightly from year to year.
Comparing Jonesboro’s Median Income with National Averages
When comparing Jonesboro’s median income with the national average, it is important to note that the national median income for a household is around $63,000, and for a family of four, it is approximately $80,000. This means that Jonesboro’s median income is slightly below the national average, indicating that the cost of living may be lower in Jonesboro compared to the national average.
Income Distribution in Jonesboro
Understanding how income is distributed in Jonesboro can provide insight into the economic diversity of the community. According to the ACS, the distribution of income in Jonesboro is as follows:
| Income Range | Percentage of Households |
|---|---|
| $0 – $24,999 | 20% |
| $25,000 – $49,999 | 30% |
| $50,000 – $74,999 | 25% |
| $75,000 – $99,999 | 15% |
| $100,000 – $149,999 | 10% |
As seen in the table above, a significant portion of Jonesboro’s households earn between $25,000 and $74,999, which suggests that the community has a diverse range of income levels.
Impact of Median Income on Cost of Living
The median income in Jonesboro has a direct impact on the cost of living. With a slightly lower median income compared to the national average, it is reasonable to assume that the cost of living in Jonesboro may be more affordable. This can be attributed to factors such as housing, transportation, and other essential expenses.
Employment Opportunities in Jonesboro
The median income in Jonesboro is also influenced by the types of jobs available in the area. Some of the major employers in Jonesboro include the University of Arkansas at Pine Bluff, St. Bernards Medical Center, and the City of Jonesboro. These employers provide a variety of job opportunities, from healthcare to education to government services.
Conclusion
Understanding the median income in Jonesboro, AR, provides valuable insights into the economic landscape of the community. With a median income slightly below the national average, Jonesboro may offer more affordable living options for residents. However, it is important to consider the distribution of income and the types of employment opportunities available when evaluating the economic well-being of a community.
