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Independence County, Arkansas Economic Analysis


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Economic Analysis

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

12:00 A.M. TO 4:59 A.M.   : 590   (4.0%)
5:00 A.M. TO 5:29 A.M.   : 604   (4.1%)
5:30 A.M. TO 5:59 A.M.   : 1,159   (7.9%)
6:00 A.M. TO 6:29 A.M.   : 1,476   (10.1%)
6:30 A.M. TO 6:59 A.M.   : 1,603   (10.9%)
7:00 A.M. TO 7:29 A.M.   : 1,982   (13.5%)
7:30 A.M. TO 7:59 A.M.   : 2,741   (18.7%)
8:00 A.M. TO 8:29 A.M.   : 1,042   (7.1%)
8:30 A.M. TO 8:59 A.M.   : 453   (3.1%)
9:00 A.M. TO 9:59 A.M.   : 415   (2.8%)
10:00 A.M. TO 10:59 A.M.   : 190   (1.3%)
11:00 A.M. TO 11:59 A.M.   : 89   (0.6%)
12:00 P.M. TO 3:59 P.M.   : 1,298   (8.8%)
4:00 P.M. TO 11:59 P.M.   : 1,043   (7.1%)


(updated 2010)



Household Size By Vehicles Available
(Independence County, Arkansas)

1-person household:

No vehicle available : 550

1 vehicle available : 2,355

2 vehicles available : 676

3 vehicles available : 207

4 or more vehicles available : 0

2-person household:

No vehicle available : 175

1 vehicle available : 1,196

2 vehicles available : 2,869

3 vehicles available : 908

4 or more vehicles available : 158

3-person household:

No vehicle available : 36

1 vehicle available : 488

2 vehicles available : 1,142

3 vehicles available : 482

4 or more vehicles available : 172

4-or-more-person household:

No vehicle available : 63

1 vehicle available : 636

2 vehicles available : 1,071

3 vehicles available : 842

4 or more vehicles available : 222


(updated 2013)



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

1-person household:

No workers : 2,245

1 worker : 1,543

2-person household:

No workers : 1,977

1 worker : 1,719

2 workers : 1,610

3-person household:

No workers : 399

1 worker : 1,090

2 workers : 588

3 workers : 243

4-or-more-person household:

No workers : 398

1 worker : 979

2 workers : 1,082

3 or more workers : 375


(updated 2013)



Travel Time To Work
(Independence County, Arkansas)

Less than 5 minutes : 1,113

5 to 9 minutes : 1,993

10 to 14 minutes : 2,960

15 to 19 minutes : 2,740

20 to 24 minutes : 1,935

25 to 29 minutes : 744

30 to 34 minutes : 1,849

35 to 39 minutes : 182

40 to 44 minutes : 244

45 to 59 minutes : 535

60 to 89 minutes : 201

90 or more minutes : 247


(updated 2013)



Occupations in Independence County, Arkansas

Male:


  • Management, Professional, And Related Occupations: 1,763  (21.6%)
  • Service Occupations: 780  (9.6%)
  • Sales And Office Occupations: 951  (11.7%)
  • Farming, Fishing, And Forestry Occupations 149  (1.8%)
  • Construction, Extraction, And Maintenance Occupations: 1,558  (19.1%)

Female:


  • Management, Professional, And Related Occupations: 2,004  (27.8%)
  • Service Occupations: 1,249  (17.3%)
  • Sales And Office Occupations: 2,347  (32.6%)
  • Farming, Fishing, And Forestry Occupations 21  (0.3%)
  • Construction, Extraction, And Maintenance Occupations: 64  (0.9%)


(updated 2010)





Employment Rate In Independence County, Arkansas

Employed: 16,690
Unemployed: 993



Minority Owned Firms of 100 or More in
Independence 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: 0.0%
  • 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: 0.0%
  • Other: 100%



Water Usage In Independence County, Arkansas

Ground Water

 
Fresh 35.36 Mgal/d
Saline 0.00 Mgal/d

Total 35.36 Mgal/d
 

Surface Water

 
Fresh 43.57 Mgal/d
Saline 0.00 Mgal/d

Total 43.57 Mgal/d





There are 1,073 Farms In Independence County, Arkansas


(updated 2008)



Banks In Independence County, Arkansas

The Citizens Bank - 7 Branches


    Bank Assets: $3.7m
    Industry Specialization: All Other < $1 Billion
    Total Offices: 45

Merchants & Planters' Bank - 3 Branches


    Bank Assets: $744.9k
    Industry Specialization: Agricultural
    Total Offices: 9

First Community Bank - 3 Branches


    Bank Assets: $2.6m
    Industry Specialization: Commercial Lending
    Total Offices: 159

Centennial Bank - 2 Branches


    Bank Assets: $13.3m
    Industry Specialization: Commercial Lending
    Total Offices: 166

Fnbc Bank - 1 Branches


    Bank Assets: $366.1k
    Industry Specialization: Commercial Lending
    Total Offices: 12

Southern Bank - 1 Branches


    Bank Assets: $1m
    Industry Specialization: Commercial Lending
    Total Offices: 31

(updated 2014)







Airports Near Independence County, Arkansas

  • Batesville Regional


    (about 4.0 miles in Desha, Arkansas; Airport Code: BVX)

  • Searcy Municipal


    (about 38.0 miles in Searcy, Arkansas; Airport Code: SRC)

  • Walnut Ridge Regional


    (about 44.8 miles in Walnut Ridge, Arkansas; Airport Code: ARG)

  • Jonesboro Municipal


    (about 53.0 miles in Jonesboro, Arkansas; Airport Code: JBR)

  • Kirk Field


    (about 63.9 miles in Paragould, Arkansas; Airport Code: PGR)

  • Mountain Home Municipal


    (about 64.9 miles in Midway, Arkansas; Airport Code: WMH)

  • Ozark Regional


    (about 65.0 miles in Midway, Arkansas; Airport Code: WMH)

  • Baxter County


    (about 65.0 miles in Midway, Arkansas; Airport Code: WMH)

  • Little Rock AFB


    (about 66.1 miles in Gravel Ridge, Arkansas; Airport Code: LRF)

  • Dennis F Cantrell Field


    (about 66.4 miles in Conway, Arkansas; Airport Code: AR2)

  • North Little Rock Municipal


    (about 74.1 miles in North Little Rock, Arkansas; Airport Code: JZV)

  • Bill and Hillary Clinton Nat Adams Field


    (about 79.6 miles in College Station, Arkansas; Airport Code: LIT)

  • Adams Field


    (about 79.9 miles in Little Rock, Arkansas; Airport Code: LIT)

  • Stuttgart Municipal


    (about 79.9 miles in Ulm, Arkansas; Airport Code: SGT)

  • Petit Jean Park


    (about 86.0 miles in Adona, Arkansas; Airport Code: MPJ)

  • West Memphis Municipal


    (about 87.4 miles in West Memphis, Arkansas; Airport Code: AWM)

  • Russellville Regional


    (about 91.3 miles in Russellville, Arkansas; Airport Code: AR1)

  • Kennett Memorial


    (about 92.5 miles in Kennett, Missouri; Airport Code: KNT)

  • Blytheville AFB


    (about 93.0 miles in Blytheville, Arkansas; Airport Code: BYH)

  • Arkansas International


    (about 93.0 miles in Blytheville, Arkansas; Airport Code: BYH)


(updated 2015)



Modes of Transportation in Independence County, Arkansas

Car, Truck, Or Van:

 

Drove Alone

80.35%

Carpooled

13.94%

Public Transportation:

 

Bus Or Trolley Bus

0.06%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.10%

Bicycle

0.0%

Walked

2.23%

Other Means

0.58%

Worked At Home

2.75%



(updated 2010)





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