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Benton County leads the entire nation in wage growth.
Posted on 6/18/15 at 11:29 am
Posted on 6/18/15 at 11:29 am
Wages grew faster in Benton County than in any other county in the nation, Dec 2013 to Dec 2014. Wages were up 9.9% for the average worker.
The average worker in Benton County was making an additional $209 per week in 2014 vs 2013.
That's insane, and awesome.
LINK
NWA
NWA NWA
The average worker in Benton County was making an additional $209 per week in 2014 vs 2013.
That's insane, and awesome.
LINK
NWA
NWA NWA
4
Posted on 6/18/15 at 5:10 pm to Numberwang
Nwa>Lr
Posted on 6/18/15 at 5:17 pm to pioneerbasketball
I believe it. Benton county is filthy rich.
Posted on 6/18/15 at 5:42 pm to razorbackfan4life
quote:
Benton county is filthy rich.
Its getting there. Growth like that in a county that size is incredible. We're talking about a county of 250,000 people with a huge increase in average wages...in one year.
NWA is definitely back in a boom cycle after slowing down a few years during the recession.
Posted on 6/18/15 at 5:49 pm to Numberwang
Those yankees moving in make good money I guess.
Posted on 6/18/15 at 6:12 pm to Numberwang
quote:
The average worker in Benton County was making an additional $209 per week in 2014 vs 2013.
Just doing math in my head but does that mean the average salary is $90k in Benton Co.? Goodness
eta: read article and that weekly wage grew at 16% clip so disregard
This post was edited on 6/18/15 at 6:21 pm
Posted on 6/19/15 at 9:19 am to I Ham That I Ham
quote:
Just doing math in my head but does that mean the average salary is $90k in Benton Co.? Goodness
Not it def. isn't that high.
Posted on 6/19/15 at 12:33 pm to WonderWartHawg
quote:
Those yankees moving in make good money I guess.
Lawd have mercy...
Posted on 6/19/15 at 8:53 pm to Numberwang
This has to be fueled by people on the upper end making even more, doesn't it?
I'd find it hard to believe the mechanic down at the Ford dealer or a waitress at the Waffle House had their income skyrocket like that.
Posted on 6/19/15 at 9:03 pm to Mizz-SEC
In general, it probably has mostly to do with an expanding white-collar workforce. Bentonville is getting fancier, so obviously there is an increasing number of people with lots of disposable income. It isn't just Walmart HQ employees. There are lots of marketing firms, every vendor for products you can think of, IT people, logistics people, etc. Its a huge global company and so it has a broad ripple effect on the entire economy.
Labor in other areas is also generally bid up a bit just due to the constant availability of jobs in an expanding local economy. In that way, its probably a combination of rich getting richer and low-skill jobs paying more. It is a relatively large county, 250,000 people.
Labor in other areas is also generally bid up a bit just due to the constant availability of jobs in an expanding local economy. In that way, its probably a combination of rich getting richer and low-skill jobs paying more. It is a relatively large county, 250,000 people.
Posted on 6/19/15 at 9:07 pm to wmr
Construction companies are making a killing right now in NWA, for example. We are back in a boom cycle and there's stuff being built everywhere. Homes, businesses, roads, etc. There was a lull for a few years, but right now every city has a lot of building permits out and a lot going on.
JB Hunt is bringing 1500 or so corporate jobs back to Lowell soon, (also in Benton County) so things are really looking bright for the region for the next several years at least. I can't recall a time in my lifetime that NWA wasn't expanding and growing at a healthy rate.
JB Hunt is bringing 1500 or so corporate jobs back to Lowell soon, (also in Benton County) so things are really looking bright for the region for the next several years at least. I can't recall a time in my lifetime that NWA wasn't expanding and growing at a healthy rate.
This post was edited on 6/19/15 at 9:08 pm
Posted on 6/19/15 at 9:14 pm to wmr
Seems almost surreal how much the area has grown over the years. When I was at the You of A Bentonville had a population of around 8,000-9,000.
Posted on 6/20/15 at 8:51 am to Litigator
I really like my job and have 6 more years to retire.
Is there still reasonable property around Beaver Lake or do I need to consider moving early and finish my career up there in order to get a reasonable deal on retirement property?
It's such a big lake, I was hoping the supply continues to keep up with the pace of demand.
Is there still reasonable property around Beaver Lake or do I need to consider moving early and finish my career up there in order to get a reasonable deal on retirement property?
It's such a big lake, I was hoping the supply continues to keep up with the pace of demand.
Posted on 6/20/15 at 9:04 am to wmr
Yet we can't get the state to build sufficient infrastructure for the money/jobs/education center of the state.
Drove to LR this week for the first time in years, Conway to LR is 6 lanes and they're replacing every single bridge.
There's maybe 40,000 daily commuters from west of LR, we're a MSA of over 500k and can't get shite done up here.
FUUUUUUUCCCK Dick Trammel.
I wholeheartedly believe there is massive skimming going on in the Highway Dept. and has been for years.
Drove to LR this week for the first time in years, Conway to LR is 6 lanes and they're replacing every single bridge.
There's maybe 40,000 daily commuters from west of LR, we're a MSA of over 500k and can't get shite done up here.
FUUUUUUUCCCK Dick Trammel.
I wholeheartedly believe there is massive skimming going on in the Highway Dept. and has been for years.
Posted on 6/20/15 at 9:10 am to Mizz-SEC
quote:
The Northwest Arkansas economy was historically based upon agriculture and poultry. In recent decades, NWA has seen rapid growth and diversification of its economy based upon the three Fortune 500 companies based there, Walmart, Tyson Foods, and J.B. Hunt, while also seeing a growing University of Arkansas and cultural amenities sector. Although impacted by theGreat Recession, NWA's economy fared better than most peer metropolitan areas, the state of Arkansas and the United States overall. Between 2007 and 2013, the region saw unemployment rates significantly below those of peer regions and the national average; while also seeing a 1% net growth of jobs. The NWA gross domestic product grew 7.0% over the aforementioned time period, and bankruptcies, building permits and per capita incomes are returning to pre-Recession rates.[20]
The professional, education and health care sectors of the Northwest Arkansas economy have been growing steadily since 2007. Between 2007 and 2013, the region has seen a growth of 8,300 jobs in the region, with 6,100 added in education and health professions and 4,300 jobs added in the leisure and hospitality jobs related to the region's cultural amenities.[20] The government and transportation sectors have remained relatively constant between 2007 and 2013, however the manufacturing sector has seen steady decline, mirroring national averages. The construction and real estate sectors saw large declines attributable to the poor housing market during the economic downturn.
Posted on 6/20/15 at 9:13 am to CtotheVrzrbck
Well they are currently widening I-49 but our esteemed Congress cannot fund the Highway Trust Fund, which is causing AHTD to cancel lettings all across the state
Missouri is also really hurting in Highway funding...like way worse than Arkansas. They are holding up progress on the Bella Vista Bypass
Missouri is also really hurting in Highway funding...like way worse than Arkansas. They are holding up progress on the Bella Vista Bypass
Posted on 6/20/15 at 9:17 am to Porker Face
Didn't Missouri have their money but it took Arkansas 5 or 6 years to come up w/ our half so they used those funds elsewhere until we got our act together, and now they aren't about to put a dime into the Bella Vista bypass until we complete it on our side.
Posted on 6/20/15 at 9:30 am to CtotheVrzrbck
We were building to the state line under the assumption MO would meet us there. They gave AHTD notice they were not planning to build their section, so we postponed the last section from Benton Co Rd 34-MO state line until they have funds
The reason we didn't begin until 2010 was AHTD was waiting to receive TIGER discretionary funding from the feds for years. Our funding finally came through and Transportation Secy Ray LaHood flew out here from DC with Gov Beebe, AHTD director Flowers and Senators/Congressmen hailing this project as a model TIGER recipient. It was huge to get Federal funds for this project so AHTD could stretch their shrinking state revenue across other projects
Probably more than you want to know...but I am very familiar with this project
The reason we didn't begin until 2010 was AHTD was waiting to receive TIGER discretionary funding from the feds for years. Our funding finally came through and Transportation Secy Ray LaHood flew out here from DC with Gov Beebe, AHTD director Flowers and Senators/Congressmen hailing this project as a model TIGER recipient. It was huge to get Federal funds for this project so AHTD could stretch their shrinking state revenue across other projects
Probably more than you want to know...but I am very familiar with this project
This post was edited on 6/20/15 at 9:37 am
Posted on 6/20/15 at 2:19 pm to Litigator
quote:
When I was at the You of A Bentonville had a population of around 8,000-9,000.
Yeah, I remember when the Bentonville population sign went from 9,000 to 12,000. It used to be really podunk. Still is in some ways, but Benton County is starting to resemble Plano/Frisco a lot more these days.
Posted on 6/20/15 at 2:23 pm to CtotheVrzrbck
quote:
Yet we can't get the state to build sufficient infrastructure for the money/jobs/education center of the state.
There is still a degree of resentment from Central Arkansas in some groups of people, politicians, powerbrokers. I honestly believe that holds us back with infrastructure funding. How dare any part of the state not consider Little Rock central to its identity? I don't think it goes both ways, as people up here are less aware of happenings in Little Rock in general, apart from state government decisions. Local news here only covers the metro and parts over to around Russellville, while LR news will cover NWA at times. I don't think NWAers think about Little Rock all that much. We're more apt to know what is going on in Tulsa, just due to proximity.
A good example of some of the "oh noes, competition" mindset was the rumors of Little Rock getting a big new art museum on the riverfront, a "response thread" IRL to Crystal Bridges.
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