What is considered poor in Arkansas?
Asked by: Amber Quitzon MD | Last update: February 25, 2025Score: 5/5 (72 votes)
What are the low income areas in Arkansas?
The counties with the highest poverty rates are Phillips, Desha, Chicot, Nevada, and Lee, which all had poverty rates above 30% in 2016.
What is considered rich in Arkansas?
The report says Arkansans would need to make $377,043 a year to be among the top 5% of earners in the Natural State, a 36% increase from 2017 when the average income needed was $277,187. Arkansas was near the lower end for the average income needed to be in the top 5%.
Do any billionaires live in Arkansas?
(KNWA/KFTA) — Eight billionaires with Arkansas ties are among the wealthiest in the United States, according to Forbes' list of the 400 Richest People in America. The 400 featured in the publication's annual list have a combined net worth of $5.4 trillion, up $1 trillion from the previous year, Forbes said.
Is $30,000 a year considered poverty level?
The Poverty Threshold in 2025
Under their guidelines, a family of four is considered impoverished if they earn $30,000 or less per year. To put those numbers in perspective, the median household income in 2025 is $75,580 — nearly three times the poverty threshold.
Poverty in Arkansas.
What is considered a low salary?
These guidelines are adjusted each year for inflation. In 2023, the federal poverty level definition of low income for a single-person household is $14,580 annually. Each additional person in the household adds $5,140 to the total. For example, the poverty guideline is $30,000 per year for a family of four.
Is 40k a year poverty?
A $40,000 salary is classified as lower-middle class, which is defined as households that earn between $30,001 and $58,020 a year. The numbers change when you consider class through the lens of net worth. Census Bureau data defines “middle class” as households with a net worth of $145,000.
What is the poverty line Arkansas?
ARKANSAS POVERTY STATISTICS:
The basic cost of living per year in Arkansas is $46k for a family of 4 and $18k for a single adult. This is much different than Federal Poverty Line estimates which are: $25k for a family and $12k for singles.
What is the poorest county in Arkansas?
According to five-year estimates from the U.S. Census Bureau's 2021 American Community Survey, Phillips County has the highest poverty rate of any county or county equivalent in Arkansas. An estimated 33.3% of the local population live below the poverty line, compared to the 16.0% statewide poverty rate.
How do I tell if I'm poor?
- You're living paycheck to paycheck. ...
- You have credit-card debt. ...
- You have student-loan debt. ...
- You have a monthly car payment. ...
- Your income dictates your lifestyle. ...
- You aren't saving for the future. ...
- You're not healthy. ...
- Your relationships are suffering.
What salary makes you poor?
The Poverty Threshold in 2024
The U.S. Department of Health and Human Services uses the Census Bureau threshold to determine who is eligible for certain government assistance programs, like SNAP (food stamps). Under their guidelines, a family of four is considered impoverished if they earn $30,000 or less per year.
How many Americans live paycheck to paycheck?
By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. Further, 26% of households spend 95% or more of their income on necessities, the bank reports.
Is $40 an hour good?
As of Jan 18, 2025, the average hourly pay for a 40 Dollars An Hour in California is $23.82 an hour. While ZipRecruiter is seeing salaries as high as $49.20 and as low as $10.36, the majority of 40 Dollars An Hour salaries currently range between $15.54 (25th percentile) to $29.19 (75th percentile) in California.
What is working poor salary?
(Note: The official poverty threshold, which is set by the US Census Bureau, varies depending on the size of a family and the age of the family members.) As of 2021, the poverty threshold for a family of four people is $27,479 and for a single person $13,788.
What income puts you at the poverty line?
According to the most recent report issued in January 2023, the poverty threshold for a family of four is $29,960. For an individual, the poverty threshold is $14,891. The US Department of Health and Human Services (HHS) issues its poverty guidelines based on the Census Bureau's poverty thresholds.
What is the poorest state in the United States in 2024?
Answer: Mississippi, Louisiana, New Mexico, West Virginia, Kentucky, Arkansas, Alabama, Oklahoma, South Carolina, and Tennessee are the 10 poorest U.S. states based on the poverty rate in 2024.
What wage is considered middle class?
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $80,610 in 2023, according to the U.S. Census Bureau. 22 Using Pew's yardstick, middle income is made up of people who make between $43,350 and $130,000.
What is wealthy in Arkansas?
How much does a Wealthy make in Arkansas? As of Jan 7, 2025, the average annual pay for a Wealthy in Arkansas is $55,496 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.68 an hour. This is the equivalent of $1,067/week or $4,624/month.
Who is the richest woman in Arkansas?
Alice Walton is the richest woman in the world, according to the Forbes annual list. Worth an estimated $89.1 billion, that makes the Arkansas-born philanthropist the 18th richest person in the world. She ranks below her brothers Jim and Rob Walton, who were worth $95.9 billion and $94 billion respectively, as of Sept.
Who is the richest person in Arkansas today?
Unsurprisingly, the wealthiest person in Arkansas comes from the family that founded Walmart. Jim Walton, the youngest son of Walmart founder Sam Walton, and his family had the highest 2024 net worth among all Arkansans at $95.9 billion and the 13th highest net worth among all Americans.