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Hope City, Arkansas Economic Analysis

   (County: Hempstead County)

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Economic Analysis

People and the communities they live in depend on money. The people of Hope City, Arkansas need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Arkansas

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.07 6.95 5.10 7.08 0.00 6.70
  Total Electric Industry 8.07 6.95 5.10 7.08 0.00 6.70
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.10 6.95 5.05 6.83 0.00 6.69
  Total Electric Industry 8.10 6.95 5.05 6.83 0.00 6.69
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.28 7.11 5.02 6.77 0.00 6.71
  Total Electric Industry 8.28 7.11 5.02 6.77 0.00 6.71
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.27 7.04 4.85 6.93 0.00 6.62
  Total Electric Industry 8.27 7.04 4.85 6.93 0.00 6.62
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.07 6.88 4.60 6.46 0.00 6.35
  Total Electric Industry 8.07 6.88 4.60 6.46 0.00 6.35
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.98 6.83 4.51 6.65 0.00 6.27
  Total Electric Industry 7.98 6.83 4.51 6.65 0.00 6.27
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.74 4.47 6.58 0.00 6.15
  Total Electric Industry 7.77 6.74 4.47 6.58 0.00 6.15
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.80 6.78 4.45 6.61 0.00 6.15
  Total Electric Industry 7.80 6.78 4.45 6.61 0.00 6.15
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.51 5.90 4.16 5.98 0.00 5.78
  Total Electric Industry 7.51 5.90 4.16 5.98 0.00 5.78
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.43 5.82 4.12 6.26 0.00 5.68
  Total Electric Industry 7.43 5.82 4.12 6.26 0.00 5.68
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.45 5.93 4.20 6.39 0.00 5.77
  Total Electric Industry 7.45 5.93 4.20 6.39 0.00 5.77
2001              
  Full-Service Providers 7.72 6.19 4.43 6.91 0.00 6.05
  Total Electric Industry 7.72 6.19 4.43 6.91 0.00 6.05
2002              
  Full-Service Providers 7.25 5.68 4.01 6.52 0.00 5.61
  Total Electric Industry 7.25 5.68 4.01 6.52 0.00 5.61
2003              
  Full-Service Providers 7.24 5.54 4.04 0.00 0.00 5.57
  Total Electric Industry 7.24 5.54 4.04 0.00 0.00 5.57
2004              
  Full-Service Providers 7.36 5.64 4.16 0.00 0.00 5.67
  Total Electric Industry 7.36 5.64 4.16 0.00 0.00 5.67
2005              
  Full-Service Providers 8.00 6.18 4.74 0.00 0.00 6.30
  Total Electric Industry 8.00 6.18 4.74 0.00 0.00 6.30
2006              
  Full-Service Providers 8.85 6.96 5.24 0.00 0.00 6.99
  Total Electric Industry 8.85 6.96 5.24 0.00 0.00 6.99

(updated 2006)



Time Leaving to Work in Hope City, Arkansas

12:00 A.M. TO 4:59 A.M.   : 239   (5.8%)
5:00 A.M. TO 5:29 A.M.   : 98   (2.4%)
5:30 A.M. TO 5:59 A.M.   : 162   (3.9%)
6:00 A.M. TO 6:29 A.M.   : 321   (7.8%)
6:30 A.M. TO 6:59 A.M.   : 333   (8.1%)
7:00 A.M. TO 7:29 A.M.   : 545   (13.3%)
7:30 A.M. TO 7:59 A.M.   : 740   (18.0%)
8:00 A.M. TO 8:29 A.M.   : 338   (8.2%)
8:30 A.M. TO 8:59 A.M.   : 164   (4.0%)
9:00 A.M. TO 9:59 A.M.   : 142   (3.5%)
10:00 A.M. TO 10:59 A.M.   : 54   (1.3%)
11:00 A.M. TO 11:59 A.M.   : 44   (1.1%)
12:00 P.M. TO 3:59 P.M.   : 394   (9.6%)
4:00 P.M. TO 11:59 P.M.   : 531   (12.9%)


(updated 2010)



Means Of Transportation
(Hope City, Arkansas)

Car, truck, or van:

Drove alone : 2,843

Carpooled:

In 2-person carpool : 615

In 3-person carpool : 37

In 4-person carpool : 15

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 0

Public transportation (excluding taxicab):

Bus or trolley bus : 39

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 0

Bicycle : 32

Walked : 54

Other means : 105

Worked at home : 75


(updated 2009)



Travel Time To Work
(Hope City, Arkansas)

Less than 5 minutes : 245

5 to 9 minutes : 839

10 to 14 minutes : 876

15 to 19 minutes : 527

20 to 24 minutes : 235

25 to 29 minutes : 119

30 to 34 minutes : 255

35 to 39 minutes : 139

40 to 44 minutes : 139

45 to 59 minutes : 290

60 to 89 minutes : 28

90 or more minutes : 48


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Hope City, Arkansas)

With Social Security income : 851

No Social Security income : 2,747


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Hope City, Arkansas)

With retirement income : 330

No retirement income : 3,268


(updated 2009)



Family Income (Annual)
(Hope City, Arkansas)

Less than $10,000 : 575

$10,000 to $14,999 : 165

$15,000 to $19,999 : 362

$20,000 to $24,999 : 33

$25,000 to $29,999 : 90

$30,000 to $34,999 : 168

$35,000 to $39,999 : 269

$40,000 to $44,999 : 87

$45,000 to $49,999 : 107

$50,000 to $59,999 : 218

$60,000 to $74,999 : 234

$75,000 to $99,999 : 219

$100,000 to $124,999 : 83

$125,000 to $149,999 : 7

$150,000 to $199,999 : 10

$200,000 or more : 54


(updated 2009)



Median Family Income (Annual)
(Hope City, Arkansas)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $33,661


(updated 2009)



AM Radio Stations Near Hope City, Arkansas

  • KTPA (1370 AM; 1.0 kW; Prescott, AR; Owner: Newport Broadcasting Company)
  • KKTK (1400 AM; 1.0 kW; Texarkana, TX; Owner: Ffd Holdings I, Inc.)
  • KXAR (1490 AM; 0.7 kW; Hope, AR; Owner: Newport Broadcasting Company)
  • KVMA (630 AM; 1.0 kW; Magnolia, AR; Owner: Noalmark Broadcasting Corporation)
  • KOSY (790 AM; 1.0 kW; Texarkana, TX; Owner: Gap Broadcasting Texarkana License, Llc)
  • KTFS (940 AM; 2.5 kW; Texarkana, TX; Owner: Arklatex, Llc)

FM Radio Stations Near Hope City, Arkansas

  • KZHE (100.5 FM; Willisville, AR; Owner: A-1 Communications, Inc.)
  • KBYB (101.7 FM; Fulton, AR; Owner: Arklatex, Inc.)
  • KKYR-FM (102.5 FM; Texarkana, TX; Owner: Gap Broadcasting Texarkana License, Llc)
  • KPGG (103.9 FM; Ogden, AR; Owner: Ffd Holdings I, Inc.)
  • KHPA (104.9 FM; Emmet, AR; Owner: Newport Broadcasting Company)
  • KYGL (106.3 FM; Fouke, AR; Owner: Gap Broadcasting Texarkana License, Llc)
  • KQHN (107.9 FM; Magnolia, AR; Owner: Cumulus Licensing Llc)
  • NEW (88.3 FM; Texarkana, AR; Owner: Pensacola Christian College, Inc.)
  • NEW (88.7 FM; Hope, AR; Owner: The Newgate Group)
  • KNLL (90.5 FM; Hope, AR; Owner: American Family Association)
  • KTXK (91.5 FM; Texarkana, TX; Owner: Texarkana Community College)
  • NEW (91.7 FM; Willisville, AR; Owner: Network Of Glory, Llc)
  • KMJI (93.3 FM; Texarkana, TX; Owner: Gap Broadcasting Texarkana License, Llc)
  • KVMZ (99.1 FM; Mc Neil, AR; Owner: Noalmark Broadcasting Corporation)
  • KVMZ (99.1 FM; Magnolia, AR; Owner: Noalmark Broadcasting Corporation)

(updated 2008)



Occupations in Hope City, Arkansas

Male:


  • Management, Professional, And Related Occupations: 313  (13.7%)
  • Service Occupations: 204  (8.9%)
  • Sales And Office Occupations: 274  (12.0%)
  • Farming, Fishing, And Forestry Occupations 63  (2.8%)
  • Construction, Extraction, And Maintenance Occupations: 242  (10.6%)

Female:


  • Management, Professional, And Related Occupations: 525  (26.8%)
  • Service Occupations: 386  (19.7%)
  • Sales And Office Occupations: 444  (22.6%)
  • Farming, Fishing, And Forestry Occupations 12  (0.6%)
  • Construction, Extraction, And Maintenance Occupations: 17  (0.9%)


(updated 2010)





There are 467 Farms In Hope City, Arkansas


(updated 2008)



Banks In Hope City, Arkansas

1st Bank, National Association. - 3 Branches


    Bank Assets: $931.6k
    Industry Specialization: Commercial Lending
    Total Offices: 8

Bancorpsouth Bank - 3 Branches


    Bank Assets: $38.9m
    Industry Specialization: Commercial Lending
    Total Offices: 259

Bank Of The Ozarks - 2 Branches


    Bank Assets: $12.5m
    Industry Specialization: Commercial Lending
    Total Offices: 160

Diamond Bank - 1 Branches


    Bank Assets: $452.9k
    Industry Specialization: Agricultural
    Total Offices: 12

(updated 2014)







Airports Near Hope City, Arkansas

  • Texarkana Regional-Webb Field


    (about 27.2 miles in Texarkana, Arkansas; Airport Code: TXK)

  • Texarkana Muni/Webb Field


    (about 27.2 miles in Texarkana, Arkansas; Airport Code: TXK)

  • Harrell Field


    (about 47.7 miles in Camden, Arkansas; Airport Code: CDH)

  • El Dorado Airport


    (about 54.3 miles in Smackover, Arkansas; Airport Code: ELD)

  • Goodwin Field


    (about 54.3 miles in Smackover, Arkansas; Airport Code: ELD)

  • South Arkansas Regional at Goodwin Field


    (about 54.4 miles in Smackover, Arkansas; Airport Code: ELD)


(updated 2015)



Modes of Transportation in Hope City, Arkansas

Car, Truck, Or Van:

 

Drove Alone

72.92%

Carpooled

22.56%

Public Transportation:

 

Bus Or Trolley Bus

0.31%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.0%

Bicycle

0.27%

Walked

0.70%

Other Means

2.29%

Worked At Home

0.94%



(updated 2010)





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