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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]
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico.
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.
1. Alabama. Median income: $54,943 Total income taxes paid: $11,496 Tax burden: 20.92% Annual salary taken home: $43,447 Find Out: What the Upper Middle Class Make in Different US Cities Trending ...
Arkansas: $372. Nevada: $410. Texas: $410. Alabama: $412. ... In Texas, there is no state income tax, meaning residents do not have to levy a state income tax return every year or have any chunk ...
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.
Texas also has a lower median household income compared to the national median. In Texas, the median household income between 2017 and 2021 was $67,321, and $74,580 nationwide in 2022.