Article Table Of Contents
Lowell, White Hall, Centerton: These cities aren't just some of the best places to live in Arkansas. They are also home to some of the richest people in the Natural State.
Lowell in particular houses the richest residents in the state thanks, in part, to a median household income of $66,994 and a ridiculously low poverty rate of 4.96054114994363%.
If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Arkansas share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 64 places in Arkansas with more than 5,000 people.
At the end of the day, here's the set of the 10 richest places in Arkansas for 2020:
- Lowell (Photos | Homes For Sale)
- White Hall (Photos | Homes For Sale)
- Centerton (Photos | Homes For Sale)
- Bentonville (Photos | Homes For Sale)
- Bryant (Photos | Homes For Sale)
- Pea Ridge (Photos | Homes For Sale)
- Farmington (Photos | Homes For Sale)
- Maumelle (Photos | Homes For Sale)
- Prairie Grove (Photos | Homes For Sale)
- Rogers (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Arkansas.
Rich people not your cup of tea? Feel free to check out some more reading about Arkansas:
The 10 Richest Cities In Arkansas For 2020
Lowell is a city in Benton County, Arkansas, in the United States. Located within the Ozarks, first settlement was along Old Wire Road in the 1840s, and although destroyed during the Civil War, the community was reestablished by J. H. McClure and thrived when the St. Louis--San Francisco Railway came through the area in the 1880s. Today, the city is a growing bedroom community within the rapidly growing Northwest Arkansas region. Lowell is also home to the headquarters of trucking company J.B. Hunt.
White Hall is a city in Washington Township, Jefferson County, Arkansas, with a population of 5,526 in the 2010 census. It is included in the Pine Bluff Metropolitan Statistical Area and the greater Little Rock-North Little Rock-Pine Bluff Combined Statistical Area. The city is home to the Pine Bluff Arsenal.
Centerton is a city in Benton County, Arkansas, United States. The population was 9,515 at the 2010 census. Centerton is part of the Fayetteville-Springdale-Rogers, AR-MO Metropolitan Statistical Area.
Bentonville is the ninth-largest city in Arkansas and the county seat of Benton County. The city is centrally located in the county with Rogers adjacent to the east. The city is the headquarters of Walmart, which is the world's largest retailer. Originally named Osage after the Osage Indians who hunted in the area when white settlers first moved to the area in 1837, the community was renamed to Bentonville in 1906 in honor of New York inventor Linn Boyd Benton, after being first incorporated on April 3, 1873. It is one of the four main cities in the four-county Northwest Arkansas Metropolitan Statistical Area, which is ranked 109th in terms of population in the United States with 463,204 in 2010 according to the United States Census Bureau. The city itself had a population of 35,301 at the 2010 Census, with an estimated population of 47,093 in 2016.
Pea Ridge is a city in Benton County, Arkansas, United States. The name Pea Ridge comes from a combination of the physical location of the original settlement of the town, across the crest of an Ozark Mountains ridge, and for the hog peanuts or turkey peas that had been originally cultivated by Native American tribes centuries before European settlement, which later helped to provide basic subsistence once those pioneer settlers arrived.
Farmington is a city in Washington County, Arkansas. The community is nestled in a valley among the Boston Mountains, a subset of the Ozark Mountains. Although the first settlers came from the Deep South in 1828, the community did not incorporate until 1946. Located immediately west of Fayetteville in the Northwest Arkansas metropolitan statistical area, Farmington has been experiencing a population boom in recent years, as indicated by a 66% growth in population between the 2000 and 2010 censuses. It has been characterized as a bedroom community by the University of Arkansas Community Design Center.
Maumelle is an affluent city in Pulaski County, Arkansas, United States. As of the 2010 census, the city population was 17,163. The city is located northwest of Little Rock, bordering the opposite shore of the Arkansas River and is part of the Little Rock metropolitan area.
Prairie Grove is a city in Washington County, Arkansas, United States. The population was 4,380 at the 2010 Census. It is part of the Northwest Arkansas region, and home to Prairie Grove Battlefield State Park. The park spans a large amount of land and contains a visitor center, museum, several monuments, a driving tour and a collection of period buildings and homes.
Rogers is a city in Benton County, Arkansas, United States. As of the 2010 census, the city has a population of 55,964 making it the state's-eighth largest city. Rogers is located in the northwest portion of the state in the Fayetteville-Springdale-Rogers Metropolitan Area, which is one of the fastest growing areas in the nation and is ranked 109th in terms of population in the United States with 465,776 in 2010 according to the United States Census Bureau.
How We Determined The Richest Places In Arkansas For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 64 places with more than 5,000 people in Arkansas, we ranked each place from 1 to 64 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Lowell, crowned the "Richest City In Arkansas For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 64 places.
There You Have It - The Wealthiest Places In Arkansas For 2020
Like we said earlier, when we set out to identify the richest places in Arkansas, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Arkansas.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Arkansas, according to data:
Poorest: Helena-West Helena
2nd Poorest: Osceola
3rd Poorest: Mena
For more Arkansas reading, check out:
- Worst Places To Live In Arkansas
- Best Places To Live In Arkansas
- Best Places To Raise A Family In Arkansas
Detailed List Of The Richest Cities In Arkansas
|42||North Little Rock||40.0|