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Faulkner County, Arkansas Economic Analysis


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Economic Analysis

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

12:00 A.M. TO 4:59 A.M.   : 1,154   (2.8%)
5:00 A.M. TO 5:29 A.M.   : 1,157   (2.8%)
5:30 A.M. TO 5:59 A.M.   : 1,844   (4.5%)
6:00 A.M. TO 6:29 A.M.   : 4,526   (11.1%)
6:30 A.M. TO 6:59 A.M.   : 5,089   (12.5%)
7:00 A.M. TO 7:29 A.M.   : 6,462   (15.9%)
7:30 A.M. TO 7:59 A.M.   : 7,026   (17.3%)
8:00 A.M. TO 8:29 A.M.   : 3,469   (8.5%)
8:30 A.M. TO 8:59 A.M.   : 1,237   (3.0%)
9:00 A.M. TO 9:59 A.M.   : 1,371   (3.4%)
10:00 A.M. TO 10:59 A.M.   : 730   (1.8%)
11:00 A.M. TO 11:59 A.M.   : 376   (0.9%)
12:00 P.M. TO 3:59 P.M.   : 3,138   (7.7%)
4:00 P.M. TO 11:59 P.M.   : 3,109   (7.6%)


(updated 2010)



Household Size By Vehicles Available
(Faulkner County, Arkansas)

1-person household:

No vehicle available : 1,320

1 vehicle available : 7,073

2 vehicles available : 1,512

3 vehicles available : 269

4 or more vehicles available : 132

2-person household:

No vehicle available : 296

1 vehicle available : 3,109

2 vehicles available : 9,166

3 vehicles available : 2,440

4 or more vehicles available : 539

3-person household:

No vehicle available : 149

1 vehicle available : 1,229

2 vehicles available : 2,785

3 vehicles available : 2,695

4 or more vehicles available : 524

4-or-more-person household:

No vehicle available : 338

1 vehicle available : 1,187

2 vehicles available : 4,692

3 vehicles available : 2,040

4 or more vehicles available : 1,581


(updated 2013)



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

1-person household:

No workers : 4,580

1 worker : 5,726

2-person household:

No workers : 3,979

1 worker : 5,560

2 workers : 6,011

3-person household:

No workers : 723

1 worker : 2,584

2 workers : 3,154

3 workers : 921

4-or-more-person household:

No workers : 363

1 worker : 3,727

2 workers : 4,439

3 or more workers : 1,309


(updated 2013)



Means of Transportation To Work
(Faulkner County, Arkansas)

Car, truck, or van:

Drove alone : 47,751

Carpooled:

In 2-person carpool : 4,881

In 3-person carpool : 629

In 4-person carpool : 25

In 5- or 6-person carpool : 105

In 7-or-more-person carpool : 122

Public transportation (excluding taxicab):

Bus or trolley bus : 147

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

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 40

Motorcycle : 127

Bicycle : 150

Walked : 697

Other means : 324

Worked at home : 1,445


(updated 2013)



Travel Time To Work
(Faulkner County, Arkansas)

Less than 5 minutes : 2,113

5 to 9 minutes : 6,584

10 to 14 minutes : 11,189

15 to 19 minutes : 9,268

20 to 24 minutes : 5,056

25 to 29 minutes : 1,422

30 to 34 minutes : 6,845

35 to 39 minutes : 2,011

40 to 44 minutes : 1,880

45 to 59 minutes : 5,393

60 to 89 minutes : 2,434

90 or more minutes : 803


(updated 2013)



Occupations in Faulkner County, Arkansas

Male:


  • Management, Professional, And Related Occupations: 6,439  (28.5%)
  • Service Occupations: 2,401  (10.6%)
  • Sales And Office Occupations: 4,077  (18.1%)
  • Farming, Fishing, And Forestry Occupations 143  (0.6%)
  • Construction, Extraction, And Maintenance Occupations: 4,515  (20.0%)

Female:


  • Management, Professional, And Related Occupations: 6,868  (34.5%)
  • Service Occupations: 3,490  (17.5%)
  • Sales And Office Occupations: 7,249  (36.4%)
  • Farming, Fishing, And Forestry Occupations 46  (0.2%)
  • Construction, Extraction, And Maintenance Occupations: 154  (0.8%)


(updated 2010)





Employment Rate In Faulkner County, Arkansas

Employed: 50,358
Unemployed: 2,348



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

  • Total Black-owned firms of 100 or more, percent 2002: 2.4%
  • 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: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • 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: 20.6%
  • Other: 77%



Water Usage In Faulkner County, Arkansas

Ground Water

 
Fresh 1.37 Mgal/d
Saline 0.00 Mgal/d

Total 1.37 Mgal/d
 

Surface Water

 
Fresh 11.46 Mgal/d
Saline 0.00 Mgal/d

Total 11.46 Mgal/d





There are 1,693 Farms In Faulkner County, Arkansas


(updated 2008)



Banks In Faulkner County, Arkansas

Centennial Bank - 14 Branches


    Bank Assets: $93.2m
    Industry Specialization: Commercial Lending
    Total Offices: 166

First Security Bank - 9 Branches


    Bank Assets: $40.7m
    Industry Specialization: Commercial Lending
    Total Offices: 118

Arvest Bank - 5 Branches


    Bank Assets: $73.5m
    Industry Specialization: Commercial Lending
    Total Offices: 274

Regions Bank - 5 Branches


    Bank Assets: $589.7m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Bank Of The Ozarks - 5 Branches


    Bank Assets: $31.4m
    Industry Specialization: Commercial Lending
    Total Offices: 160

Simmons First National Bank - 4 Branches


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

Home Bank Of Arkansas - 3 Branches


    Bank Assets: $194.5k
    Industry Specialization: Commercial Lending
    Total Offices: 6

First Arkansas Bank And Trust - 3 Branches


    Bank Assets: $2m
    Industry Specialization: Commercial Lending
    Total Offices: 21

U.s. Bank National Association - 2 Branches


    Bank Assets: $768.3m
    Industry Specialization: Commercial Lending
    Total Offices: 3,238

First Service Bank - 2 Branches


    Bank Assets: $463.9k
    Industry Specialization: Commercial Lending
    Total Offices: 9

(updated 2014)







Airports Near Faulkner County, Arkansas

  • Dennis F Cantrell Field


    (about 3.7 miles in Conway, Arkansas; Airport Code: AR2)

  • Little Rock AFB


    (about 19.3 miles in Gravel Ridge, Arkansas; Airport Code: LRF)

  • North Little Rock Municipal


    (about 21.0 miles in North Little Rock, Arkansas; Airport Code: JZV)

  • Adams Field


    (about 28.2 miles in Little Rock, Arkansas; Airport Code: LIT)

  • Bill and Hillary Clinton Nat Adams Field


    (about 28.3 miles in College Station, Arkansas; Airport Code: LIT)

  • Petit Jean Park


    (about 30.1 miles in Adona, Arkansas; Airport Code: MPJ)

  • Searcy Municipal


    (about 37.0 miles in Searcy, Arkansas; Airport Code: SRC)

  • Russellville Regional


    (about 41.5 miles in Russellville, Arkansas; Airport Code: AR1)

  • Stuttgart Municipal


    (about 58.1 miles in Ulm, Arkansas; Airport Code: SGT)

  • Batesville Regional


    (about 58.8 miles in Desha, Arkansas; Airport Code: BVX)

  • Memorial Field


    (about 60.1 miles in Hot Springs, Arkansas; Airport Code: HOT)

  • Grider Field


    (about 69.9 miles in Pine Bluff, Arkansas; Airport Code: PBF)

  • Ozark Regional


    (about 86.5 miles in Midway, Arkansas; Airport Code: WMH)

  • Baxter County


    (about 86.5 miles in Midway, Arkansas; Airport Code: WMH)

  • Mountain Home Municipal


    (about 86.5 miles in Midway, Arkansas; Airport Code: WMH)

  • Boone County


    (about 90.1 miles in Harrison, Arkansas; Airport Code: HRO)


(updated 2015)



Modes of Transportation in Faulkner County, Arkansas

Car, Truck, Or Van:

 

Drove Alone

78.71%

Carpooled

15.30%

Public Transportation:

 

Bus Or Trolley Bus

0.11%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.05%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.05%

Bicycle

0.32%

Walked

2.02%

Other Means

0.65%

Worked At Home

2.79%



(updated 2010)





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