Centerton, Bryant, Maumelle: 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.
Centerton in particular houses the richest residents in the state thanks, in part, to a median household income of $63,170 and a ridiculously low poverty rate of 6.9%.
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 2012-2016 American Community Survey for the 61 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 2018:
- Bentonville (Photos)
- White Hall (Photos)
- Lowell (Photos)
- Benton (Photos)
- Marion (Photos)
- Rogers (Photos)
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.
How We Determined The Richest Places In Arkansas For 2018
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 2012-2016 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 61 places with more than 5,000 people in Arkansas, we ranked each place from 1 to 61 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, Centerton, crowned the ‘Richest Place In Arkansas For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 61 places.
Population: 11,403 Median Income: $63,170
Unemployment Rate: 1.2%
Poverty Rate: 6.9%
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.
Population: 19,529Median Income: $62,302
Unemployment Rate: 2.7%
Poverty Rate: 4.8%
Population: 17,795Median Income: $78,779
Unemployment Rate: 3.2%
Poverty Rate: 6.0%
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.
Population: 42,499Median Income: $76,447
Unemployment Rate: 3.2%
Poverty Rate: 7.8%
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.
5. White Hall
Population: 5,243Median Income: $61,132
Unemployment Rate: 2.9%
Poverty Rate: 8.3%
Population: 8,322Median Income: $56,557
Unemployment Rate: 1.2%
Poverty Rate: 10.7%
Population: 33,613Median Income: $55,128
Unemployment Rate: 4.2%
Poverty Rate: 9.3%
Population: 9,296 Median Income: $57,150
Unemployment Rate: 4.5%
Poverty Rate: 10.8%
Greenwood is a city in and one of the two county seats of Sebastian County, Arkansas, United States, perhaps best known locally for its Arkansas high school football. It is the fifth largest municipality in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area with a population of 8,952 according to the 2010 US Census.
Population: 12,323Median Income: $67,178
Unemployment Rate: 5.5%
Poverty Rate: 10.5%
Marion is a city in and the county seat of Crittenden County, Arkansas, United States. The population was 12,345 at the 2010 census, a 38.7% increase since 2000. The city is part of the Memphis metropolitan area. It is the second largest city in Crittenden County, behind West Memphis.
Population: 61,979Median Income: $53,638
Unemployment Rate: 3.3%
Poverty Rate: 13.4%
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.
There You Have It – The Richest Places In Arkansas For 2018
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: Monticello
For more Arkansas reading , check out:
Detailed List Of The Richest Cities In Arkansas
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