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Benton County, Arkansas Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Benton County, 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 Benton County, Arkansas

12:00 A.M. TO 4:59 A.M.   : 2,791   (4.1%)
5:00 A.M. TO 5:29 A.M.   : 2,160   (3.1%)
5:30 A.M. TO 5:59 A.M.   : 3,408   (5.0%)
6:00 A.M. TO 6:29 A.M.   : 5,976   (8.7%)
6:30 A.M. TO 6:59 A.M.   : 8,336   (12.2%)
7:00 A.M. TO 7:29 A.M.   : 13,164   (19.2%)
7:30 A.M. TO 7:59 A.M.   : 12,076   (17.6%)
8:00 A.M. TO 8:29 A.M.   : 5,040   (7.3%)
8:30 A.M. TO 8:59 A.M.   : 1,981   (2.9%)
9:00 A.M. TO 9:59 A.M.   : 2,152   (3.1%)
10:00 A.M. TO 10:59 A.M.   : 1,011   (1.5%)
11:00 A.M. TO 11:59 A.M.   : 600   (0.9%)
12:00 P.M. TO 3:59 P.M.   : 5,289   (7.7%)
4:00 P.M. TO 11:59 P.M.   : 4,622   (6.7%)


(updated 2010)



Household Size By Vehicles Available
(Benton County, Arkansas)

1-person household:

No vehicle available : 1,574

1 vehicle available : 12,901

2 vehicles available : 2,190

3 vehicles available : 465

4 or more vehicles available : 157

2-person household:

No vehicle available : 456

1 vehicle available : 5,564

2 vehicles available : 18,009

3 vehicles available : 4,857

4 or more vehicles available : 702

3-person household:

No vehicle available : 110

1 vehicle available : 2,561

2 vehicles available : 6,113

3 vehicles available : 3,324

4 or more vehicles available : 1,064

4-or-more-person household:

No vehicle available : 226

1 vehicle available : 2,750

2 vehicles available : 11,197

3 vehicles available : 5,191

4 or more vehicles available : 3,278


(updated 2013)



Household Size By Number Of Workers In Household
(Benton County, Arkansas)

1-person household:

No workers : 7,995

1 worker : 9,292

2-person household:

No workers : 8,807

1 worker : 9,833

2 workers : 10,948

3-person household:

No workers : 721

1 worker : 4,511

2 workers : 6,841

3 workers : 1,099

4-or-more-person household:

No workers : 857

1 worker : 8,705

2 workers : 10,142

3 or more workers : 2,938


(updated 2013)



Means of Transportation To Work
(Benton County, Arkansas)

Car, truck, or van:

Drove alone : 88,206

Carpooled:

In 2-person carpool : 7,287

In 3-person carpool : 918

In 4-person carpool : 507

In 5- or 6-person carpool : 299

In 7-or-more-person carpool : 6

Public transportation (excluding taxicab):

Bus or trolley bus : 171

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

Subway or elevated : 11

Railroad : 0

Ferryboat : 0

Taxicab : 37

Motorcycle : 335

Bicycle : 68

Walked : 1,949

Other means : 732

Worked at home : 4,805


(updated 2013)



Travel Time To Work
(Benton County, Arkansas)

Less than 5 minutes : 3,128

5 to 9 minutes : 12,289

10 to 14 minutes : 17,671

15 to 19 minutes : 22,406

20 to 24 minutes : 16,753

25 to 29 minutes : 7,604

30 to 34 minutes : 10,068

35 to 39 minutes : 2,259

40 to 44 minutes : 2,160

45 to 59 minutes : 4,176

60 to 89 minutes : 1,176

90 or more minutes : 836


(updated 2013)



Occupations in Benton County, Arkansas

Male:


  • Management, Professional, And Related Occupations: 10,976  (27.9%)
  • Service Occupations: 3,794  (9.6%)
  • Sales And Office Occupations: 6,919  (17.6%)
  • Farming, Fishing, And Forestry Occupations 543  (1.4%)
  • Construction, Extraction, And Maintenance Occupations: 6,740  (17.1%)

Female:


  • Management, Professional, And Related Occupations: 10,377  (31.8%)
  • Service Occupations: 5,029  (15.4%)
  • Sales And Office Occupations: 12,502  (38.3%)
  • Farming, Fishing, And Forestry Occupations 292  (0.9%)
  • Construction, Extraction, And Maintenance Occupations: 282  (0.9%)


(updated 2010)





Employment Rate In Benton County, Arkansas

Employed: 99,355
Unemployed: 3,459



Minority Owned Firms of 100 or More in
Benton County, Arkansas

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.9%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 2.4%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 21.5%
  • Other: 75.2%



Water Usage In Benton County, Arkansas

Ground Water

 
Fresh 1.40 Mgal/d
Saline 0.00 Mgal/d

Total 1.40 Mgal/d
 

Surface Water

 
Fresh 372.45 Mgal/d
Saline 0.00 Mgal/d

Total 372.45 Mgal/d





There are 2,608 Farms In Benton County, Arkansas


(updated 2008)



Banks In Benton County, Arkansas

Arvest Bank - 24 Branches


    Bank Assets: $352.8m
    Industry Specialization: Commercial Lending
    Total Offices: 274

Bank Of The Ozarks - 7 Branches


    Bank Assets: $44m
    Industry Specialization: Commercial Lending
    Total Offices: 160

First Security Bank - 6 Branches


    Bank Assets: $27.1m
    Industry Specialization: Commercial Lending
    Total Offices: 118

Regions Bank - 4 Branches


    Bank Assets: $471.8m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Bank Of Gravett - 4 Branches


    Bank Assets: $480.8k
    Industry Specialization: All Other < $1 Billion
    Total Offices: 4

First Western Bank - 4 Branches


    Bank Assets: $1.2m
    Industry Specialization: Commercial Lending
    Total Offices: 9

The First National Bank Of Fort Smith - 4 Branches


    Bank Assets: $4.7m
    Industry Specialization: Commercial Lending
    Total Offices: 20

Simmons First National Bank - 4 Branches


    Bank Assets: $14.9m
    Industry Specialization: Commercial Lending
    Total Offices: 91

Centennial Bank - 4 Branches


    Bank Assets: $26.6m
    Industry Specialization: Commercial Lending
    Total Offices: 166

Bank Of America, National Association - 3 Branches


    Bank Assets: $4.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

(updated 2014)







Airports Near Benton County, Arkansas

  • Northwest Arkansas Regional


    (about 6.0 miles in Bentonville, Arkansas; Airport Code: XNA)

  • Rogers Municipal Carter Field


    (about 7.9 miles in Rogers, Arkansas; Airport Code: ROG)

  • Springdale Municipal


    (about 14.3 miles in Springdale, Arkansas; Airport Code: SPZ)

  • Drake Field


    (about 24.5 miles in Greenland, Arkansas; Airport Code: FYV)

  • Grand Lake Regional


    (about 37.5 miles in Grove, Oklahoma; Airport Code: NRI)

  • Miami Municipal


    (about 52.2 miles in North Miami, Oklahoma; Airport Code: MIO)

  • John the Diver


    (about 54.1 miles in Branson West, Missouri; Airport Code: ZBX)

  • Joplin Municipal


    (about 56.7 miles in Webb City, Missouri; Airport Code: JLN)

  • Joplin Regional


    (about 56.9 miles in Webb City, Missouri; Airport Code: JLN)

  • Branson Airport


    (about 59.4 miles in Ridgedale, Missouri; Airport Code: BKG)

  • M. Graham Clark Downtown


    (about 59.6 miles in Point Lookout, Missouri; Airport Code: PLK)

  • M. Graham Clark - Taney County


    (about 59.6 miles in Point Lookout, Missouri; Airport Code: PLK)

  • Boone County


    (about 61.1 miles in Harrison, Arkansas; Airport Code: HRO)

  • Fort Smith Regional


    (about 70.6 miles in Fort Smith, Arkansas; Airport Code: FSM)

  • Springfield-Branson National


    (about 77.6 miles in Springfield, Missouri; Airport Code: SGF)

  • Davis Field


    (about 78.8 miles in Muskogee, Oklahoma; Airport Code: MKO)

  • Atkinson Municipal


    (about 80.1 miles in Frontenac, Kansas; Airport Code: PTS)

  • Coffeyville Municipal


    (about 89.4 miles in Coffeyville, Kansas; Airport Code: CFV)

  • Tulsa International


    (about 92.1 miles in Tulsa, Oklahoma; Airport Code: TUL)

  • Robert S Kerr


    (about 94.4 miles in Poteau, Oklahoma; Airport Code: RKR)


(updated 2015)



Modes of Transportation in Benton County, Arkansas

Car, Truck, Or Van:

 

Drove Alone

80.74%

Carpooled

12.88%

Public Transportation:

 

Bus Or Trolley Bus

0.07%

Streetcar Or Trolley Car

0.04%

Subway Or Elevated

0.01%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.09%

Motorcycle

0.06%

Bicycle

0.15%

Walked

1.97%

Other Means

0.72%

Worked At Home

3.27%



(updated 2010)





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