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Arkansas is the 48th richest state in the United States of America, with a per capita income of $16,904 (2000). Arkansas Counties Ranked by Per Capita Income [ edit ]
The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [2] [9]
County Per capita income Median household income Median family income Population Number of households 1 Collin: $42,220 $83,889 $84,306 782,341 181,970 2 Borden: $40,916 $58,409 $60,536 641 264 3 King: $39,511 $61,563 $80,500 286 113 4 Loving: $37,362 $80,504 $94,785 134 31 5 Kendall: $36,418 $66,655 $80,801 33,410 12,617 6 Rockwall: $33,274 ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
Arkansas: 30,572,215 California: 472,027,235 ... Map of average federal tax revenue per capita by state in 2007. ... State income tax; Sales taxes in the United States;
Two common measurements of the average annual income of individuals in the United States are: per capita income (PCI) and per capita personal income (PCPI). Per capita personal income is the more comprehensive of the two measures, and thus PCPI for an individual, county, or state will be higher than PCI.
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Taxpayers are exempt from Arkansas income tax, and residents of Texarkana, Texas are exempt from Arkansas income tax from any income earned within the city limits of Texarkana, Arkansas. [48] Sales and use taxes in Arkansas are voter approved and collected by the DFA. Arkansas's statewide sales and use tax has been 6.5% since July 1, 2013. [49]
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