- 90,525 employers
- 1.21 million employees
- $845 average weekly wage
- The average weekly wage is 23.3% below the national average
- The cost of living is 11.6% below the national average
Government | Private Employment
As an employer in Arkansas, you are most likely to be running a private company rather than a government agency. 95.4% of employers run private companies in the state, 1.6% lower than the national average. The remaining 4.6% of employers are government agencies: 1.3% of employers are federal agencies, 1.2% are state agencies and 2.2% are local government agencies. The chart below illustrates this breakout.
83.7% of employees work for a private company. This is 1.5% below the national average of 85.2%. Local government agencies employ 9.0% of the workers in the state, state government agencies employ 5.6% of the workers and the federal government employs 1.7%. The percentage of employees working for a government agency (16.3%) is 1.5% higher than the national average.
The average pay in the state is $845, which is 23.3% lower than the national average of $1,101. Arkansas workers that are employed by private businesses earn $841 per week, 23.5% lower than the national average for private company employees. Employees of federal government agencies in Arkansas earn $1,356 per week, a premium of 61.2% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
The sector with the greatest number of businesses in the state is Healthcare with 17.3% of the businesses in the state. Retail trade (12.8%) and Professional services (10.5%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 17.2% of all workers, followed by Manufacturing and Retail trade which account for 15.8% and 13.7% of private company employees. The table below illustrates the number of businesses by sector:
|Health care and social assistance||14,919||17.3%|
|Professional and technical services||9,035||10.5%|
|Accommodation and food services||6,192||7.2%|
|Other services, except public administration||5,353||6.2%|
|Finance and insurance||4,979||5.8%|
|Administrative and waste services||4,729||5.5%|
|Real estate and rental and leasing||3,439||4.0%|
|Transportation and warehousing||2,955||3.4%|
|Agriculture, forestry, fishing and hunting||2,098||2.4%|
|Arts, entertainment, and recreation||987||1.1%|
|Management of companies and enterprises||560||0.6%|
|Mining, quarrying, and oil and gas extraction||431||0.5%|
The sector that employs the most workers in Arkansas is the Health Care and Social Assistance sector, which employs 174,259 workers, 17.2% of the workers in the state. Manufacturing is also a big employer, employing 15.8% of the workers in the state, which is 160,596.
|Health care and social assistance||174,259||17.2%|
|Accommodation and food services||106,988||10.6%|
|Administrative and waste services||67,887||6.7%|
|Transportation and warehousing||54,275||5.4%|
|Professional and technical services||43,999||4.3%|
|Finance and insurance||37,004||3.6%|
|Management of companies and enterprises||34,785||3.4%|
|Other services, except public administration||24,956||2.5%|
|Real estate and rental and leasing||13,629||1.3%|
|Agriculture, forestry, fishing and hunting||12,519||1.2%|
|Arts, entertainment, and recreation||11,427||1.1%|
|Mining, quarrying, and oil and gas extraction||3,819||0.4%|
The Management of Companies sector is the best paying sector in the state, paying an average of $2,212 per week. This is 161% above the state average wage of $845 per week. The sector with the most employees, Health Care (see above) pays an average of $824 per wee, which is 2.5% below the state average wage.
|Management of companies and enterprises||$2,212|
|Mining, quarrying, and oil and gas extraction||$1,268|
|Finance and insurance||$1,253|
|Professional and technical services||$1,217|
|Transportation and warehousing||$907|
|Health care and social assistance||$824|
|Agriculture, forestry, fishing and hunting||$808|
|Real estate and rental and leasing||$750|
|Other services, except public administration||$670|
|Administrative and waste services||$584|
|Arts, entertainment, and recreation||$406|
|Accommodation and food services||$308|
Each broad sector is made up of specific industries. In Arkansas the industry with the most businesses is Services for the elderly and disabled (with 6,773 businesses employing 20,006 workers). The next two industries are Restaurants and other eating places and Offices of physicians. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Services for the elderly and disabled||6,773||3.0|
|Restaurants and other eating places||4,862||18.5|
|Offices of physicians||2,321||10.9|
|Wholesale trade agents and brokers||2,282||2.5|
|Computer systems design and related services||1,836||5.2|
|Insurance agencies and brokerages||1,754||3.5|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 90,007 people in 4,862 businesses. On average, these employees are paid $299, 64.6% less than the state average. There are 18.5 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||90,007||18.5|
|General medical and surgical hospitals||38,997||464.3|
|Management of companies and enterprises||34,785||62.1|
|Animal slaughtering and processing||32,905||416.5|
|General merchandise stores, including warehouse clubs and supercenters||31,286||36.3|
|Temporary help services||27,029||31.2|
The industry that pays the most (on an average weekly basis) is Securities brokerage. There are 1,355 employees working in 233 businesses. The next best paying industries are Investment banking and securities dealing and Portfolio management.
|Detailed Industry||Wkly Wage|
|Investment banking and securities dealing||$3,019|
|Plastics materials merchant wholesalers||$2,445|
|Commodity contracts dealing||$2,390|
|Electric power generation||$2,375|
Small business dominates the state with over 96% of all businesses employing less than 50 workers, which is slightly above the national average. The largest businesses who employ over 500 represent 0.2% of businesses, which is the national average.
The largest companies in the state employ, on average 1.4% fewer employees than the national average of 17.4%. Smaller businesses, employing fewer than 50 workers employ 47.5% of the workers in the state, which is 3.7% above the national average.
The largest companies in the state pay their workers 88% higher than the state average. The average worker in the state earns $821 per week and employees of companies that employ over 1,000 people earn $1,545 per week. Mid to large companies pay their workers 28% less than the national average for these employers, while the smallest companies (less than 20 employees) pay about 16% lower than the national average. These smallest companies pay about $775 a week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.