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Economy, jobs and prices in Arkansas, United States: official figures

The economy of Arkansas (gross domestic product) was worth $196.0 billion in 2025 at current prices, 0.6% of the US total of $30.86 trillion; 17th smallest of 51. In current dollars it was up 3.9% on 2024.

GDP (current dollars)
$196.0 billion
2025
GDP per resident
$62,922
2025
Personal income per person
$61,697
2025
Median household income
$62,106
2024
Unemployment rate (seasonally adjusted)
3.9%
September 2026
Average annual pay (QCEW)
$61,152
2025
Median household income
$62,146
2024
Median gross rent (monthly)
$982
2024

How fast is the economy of Arkansas growing?

After adjusting for inflation, real GDP in Arkansas grew 0.9% in 2025, against 2.3% for the United States; 8th slowest-growing of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the GDP per capita of Arkansas?

Dividing 2025 GDP by the Census Bureau's population estimate gives $62,922 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 2nd lowest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

Is the economy of Arkansas growing or shrinking?

In the second quarter of 2026, real GDP in Arkansas grew at an annual rate of 1.1% (United States: 2.2%); 18th slowest-growing of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What are the main industries in Arkansas?

In 2025 the largest private industry in Arkansas' economy was manufacturing (12.8% of GDP), followed by real estate, rental and leasing (11.1%) and health care and social assistance (8.6%). Government accounted for 11.0%; the manufacturing share was 12th highest of 51 (United States: 9.5%).

Source: U.S. Bureau of Economic Analysis · saved copy

How much do people in Arkansas spend?

Consumer spending (personal consumption expenditures) in Arkansas came to $48,180 per person in 2025 (United States: $61,062); 3rd lowest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

Is Arkansas expensive to live in?

Prices in Arkansas were 13.1% below the national average in 2024, by BEA's regional price parity of 86.9 (US = 100), which covers goods, services and housing; the least expensive of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the inflation rate in Arkansas?

Prices in Arkansas rose 2.8% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).

Source: U.S. Bureau of Economic Analysis · saved copy

What is the per capita income in Arkansas?

Personal income per person in Arkansas was $61,697 in 2025, against $77,028 for the United States; 5th lowest of 51. It was up 3.9% on 2024 and up 30.9% on 2020, before inflation.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the disposable income per person in Arkansas?

After taxes, disposable personal income per person was $55,604 in 2025 (United States: $67,251); 5th lowest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

How far does income go in Arkansas?

Adjusted for local price levels, real personal income per person in Arkansas was $55,219 in 2024 in 2017 dollars (United States: $59,195); 14th lowest of 51.

Source: U.S. Bureau of Economic Analysis · saved copy

What is the median household income in Arkansas?

Median household income in Arkansas was $62,106 in 2024 (margin of error ±$831), against $81,604 for the United States; 4th lowest of 51 by the point estimate. It was up 2.8% on 2023 after adjusting for inflation (American Community Survey).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Arkansas?

The Gini index of household income inequality in Arkansas was 0.472 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 17th most unequal of 51.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Arkansas?

The unemployment rate in Arkansas was 3.9% in September 2026 (seasonally adjusted, preliminary), down from 4.2% a year earlier; tied for 25th highest of 51. The rate for the 50 states and DC combined was 4.2%.

Source: U.S. Bureau of Labor Statistics · saved copy

How many people are unemployed in Arkansas?

In September 2026, 56,194 people in Arkansas were unemployed and 1,402,996 employed, out of a labor force of 1,459,190.

Source: U.S. Bureau of Labor Statistics · saved copy

What share of people in Arkansas are working?

59.1% of residents aged 16 and over were in the labor force in September 2026, and 56.9% had a job; 13th lowest of 51 for labor force participation (50 states and DC combined: 61.6%).

Source: U.S. Bureau of Labor Statistics · saved copy

What was the unemployment rate in Arkansas in 2025?

Over 2025 the unemployment rate in Arkansas averaged 4.1% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.5% in 2024; 23rd highest of 51. The lowest annual rate since 1976 was 3.2% in 2022.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the average salary in Arkansas?

Workers covered by unemployment insurance in Arkansas were paid $61,152 on average in 2025 ($1,176 a week), up 4.7% on 2024; the US average was $78,720. That is 5th lowest of 51.

Source: U.S. Bureau of Labor Statistics · saved copy

How many jobs are there in Arkansas?

Employers in Arkansas had an average of 1,305,532 jobs on their payrolls in 2025 across 109,976 establishments, up 0.8% on 2024 (United States: up 0.5%).

Source: U.S. Bureau of Labor Statistics · saved copy

What is the median wage in Arkansas?

The median annual wage across all occupations in Arkansas was $43,630 in May 2025 (mean $54,890); 2nd lowest of 51. One in ten workers earned less than $27,020 and one in ten more than $94,740.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the most common job in Arkansas?

The most common occupation in Arkansas in May 2025 was fast food and counter workers, with 35,660 workers and a median annual wage of $26,250.

Source: U.S. Bureau of Labor Statistics · saved copy

What is the median household income in Arkansas?

Median household income in Arkansas was $62,146 in 2024, 4th lowest among the 50 states and DC (U.S.: $81,604). In 2019 it was $49,020, so it has risen 26.8% before allowing for inflation.

Source: U.S. Census Bureau · saved copy

What is the average rent in Arkansas?

The median gross rent in Arkansas, including utilities, was $982 a month in 2024, up 5.3% on 2023 ($933); 4th lowest among the 50 states and DC (U.S.: $1,487).

Source: U.S. Census Bureau · saved copy

What is the median home value in Arkansas?

Homeowners in Arkansas valued their homes at a median of $215,600 in 2024, up 10.2% on 2023 ($195,700); 3rd lowest among the 50 states and DC (U.S.: $360,600).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Arkansas?

The median home value in Arkansas was 3.5 times the median household income in 2024 ($215,600 against $62,146); 11th lowest ratio among the 50 states and DC (U.S.: 4.4).

Source: U.S. Census Bureau · saved copy

Is rent affordable in Arkansas?

A household on the median income in Arkansas would spend 19.0% of its income on the median rent of $982 a month in 2024 (U.S.: 21.9%).

Source: U.S. Census Bureau · saved copy

How Arkansas compares with other states

Gross domestic product, 2025 (current dollars) (2025)

Arkansas ranks 35 of 51, highest first.

RankRegionGross domestic product, 2025 (current dollars)
32Iowa$271.9 billion
33Kansas$232.1 billion
34Nebraska$206.6 billion
35Arkansas$196.0 billion
36District of Columbia$193.0 billion
37Mississippi$162.8 billion
38New Mexico$152.1 billion
Source: U.S. Bureau of Economic Analysis · saved copy

GDP per resident, 2025 (BEA GDP / Census population) (2025)

Arkansas ranks 50 of 51, highest first.

RankRegionGDP per resident, 2025 (BEA GDP / Census population)
45South Carolina$67,929
46Idaho$67,695
47Oklahoma$66,523
48Alabama$65,286
49West Virginia$63,020
50Arkansas$62,922
51Mississippi$55,117
Source: U.S. Bureau of Economic Analysis · saved copy

Real GDP growth, 2025 (2025)

Arkansas ranks 44 of 51, highest first.

RankRegionReal GDP growth, 2025
41Nebraska1.3%
42Missouri1.2%
43Kansas1.0%
44Arkansas0.9%
45Wisconsin0.8%
46Maryland0.8%
47Minnesota0.7%
Source: U.S. Bureau of Economic Analysis · saved copy

Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)

Arkansas ranks 34 of 51, highest first.

RankRegionReal GDP growth, 2026:Q2 (annual rate)
31Maryland1.3%
32Nevada1.3%
33Virginia1.2%
34Arkansas1.1%
35Colorado1.0%
36Rhode Island0.9%
37Oregon0.8%
Source: U.S. Bureau of Economic Analysis · saved copy

Personal income per person, 2025 (2025)

Arkansas ranks 47 of 51, highest first.

RankRegionPersonal income per person, 2025
44Louisiana$64,103
45South Carolina$63,435
46New Mexico$62,089
47Arkansas$61,697
48Kentucky$60,835
49Alabama$59,754
50West Virginia$58,217
Source: U.S. Bureau of Economic Analysis · saved copy

Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)

Arkansas ranks 38 of 51, highest first.

RankRegionReal personal income per person, 2024 (adjusted for local prices, 2017 dollars)
35Rhode Island$55,878
36Indiana$55,562
37Oregon$55,451
38Arkansas$55,219
39Delaware$55,185
40Utah$55,116
41Michigan$53,569
Source: U.S. Bureau of Economic Analysis · saved copy

Median household income, 2024 (ACS) (2024)

Arkansas ranks 48 of 51, highest first.

RankRegionMedian household income, 2024 (ACS)
45Alabama$66,659
46Oklahoma$66,148
47Kentucky$64,526
48Arkansas$62,106
49Louisiana$60,986
50West Virginia$60,798
51Mississippi$59,127
Source: U.S. Census Bureau · saved copy

Regional price parity, 2024 (US = 100) (2024)

Arkansas ranks 51 of 51, highest first.

RankRegionRegional price parity, 2024 (US = 100)
45Alabama88.8
46South Dakota88.6
47Louisiana88.2
48Oklahoma87.8
49Iowa87.8
50Mississippi87.0
51Arkansas86.9
Source: U.S. Bureau of Economic Analysis · saved copy

Unemployment rate, September 2026 (seasonally adjusted) (September 2026)

Arkansas ranks 26 of 51, highest first.

RankRegionUnemployment rate, September 2026 (seasonally adjusted)
23Louisiana4.0%
24West Virginia4.0%
25Maryland3.9%
26Arkansas3.9%
27Kansas3.8%
28Pennsylvania3.6%
29Virginia3.6%
Source: U.S. Bureau of Labor Statistics · saved copy

Unemployment rate, 2025 annual average (2025)

Arkansas ranks 23 of 51, highest first.

RankRegionUnemployment rate, 2025 annual average
20Texas4.2%
21New Mexico4.2%
22West Virginia4.2%
23Arkansas4.1%
24Missouri4.0%
25Maryland4.0%
26Colorado4.0%
Source: U.S. Bureau of Labor Statistics · saved copy

Labor force participation rate, September 2026 (September 2026)

Arkansas ranks 39 of 51, highest first.

RankRegionLabor force participation rate, September 2026
36Wyoming60.2%
37Arizona59.7%
38Tennessee59.3%
39Arkansas59.1%
40South Carolina58.8%
41Michigan58.5%
42Maine58.5%
Source: U.S. Bureau of Labor Statistics · saved copy

Average annual pay, 2025 (QCEW) (2025)

Arkansas ranks 47 of 51, highest first.

RankRegionAverage annual pay, 2025 (QCEW)
44Montana$62,882
45Kentucky$62,521
46Idaho$62,392
47Arkansas$61,152
48Oklahoma$60,996
49South Dakota$60,575
50West Virginia$60,359
Source: U.S. Bureau of Labor Statistics · saved copy

Median annual wage, all occupations, May 2025 (OEWS) (May 2025)

Arkansas ranks 50 of 51, highest first.

RankRegionMedian annual wage, all occupations, May 2025 (OEWS)
45South Carolina$46,490
46Alabama$45,670
47Oklahoma$45,600
48Louisiana$45,520
49West Virginia$45,300
50Arkansas$43,630
51Mississippi$40,120
Source: U.S. Bureau of Labor Statistics · saved copy

Median household income (2024)

Arkansas ranks 48 of 51, highest first. Census Bureau SAIPE model estimates

RankRegionMedian household income
45Alabama$66,704
46Oklahoma$66,124
47Kentucky$64,481
48Arkansas$62,146
49Louisiana$61,038
50West Virginia$60,662
51Mississippi$59,301
Source: U.S. Census Bureau · saved copy

Median gross rent (monthly) (2024)

Arkansas ranks 48 of 51, highest first. Renter-occupied units paying cash rent

RankRegionMedian gross rent (monthly)
45Kentucky$998
46Wyoming$998
47Mississippi$990
48Arkansas$982
49Iowa$981
50North Dakota$980
51West Virginia$883
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2024)

Arkansas ranks 49 of 51, highest first. Owner-reported value

RankRegionMedian value of owner-occupied homes
45Iowa$227,300
46Kentucky$226,000
47Louisiana$223,200
48Oklahoma$222,100
49Arkansas$215,600
50Mississippi$186,500
51West Virginia$170,800
Source: U.S. Census Bureau · saved copy

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