Faulkner is one of 75 counties in Arkansas. It is part of the Little Rock-North
Little Rock-Conway, AR (MSA). Its 2004 population of 95,124 ranked 5th in the
state.
In 2004 Faulkner had a per capita personal income (PCPI) of $25,308. This
PCPI ranked 10th in the state and was 98 percent of the state average, $25,794,
and 76 percent of the national average, $33,090. The 2004 PCPI reflected an
increase of 4.4 percent from 2003. The 2003-2004 state change was 5.7 percent and the national change was 5.2
percent. In 1994 the PCPI of Faulkner was $17,588 and ranked 12th in the state.
The 1994-2004 average annual growth rate of PCPI was 3.7
percent. The average annual growth rate for the state was 4.0
percent and for the nation was 4.1 percent.
In 2004 Faulkner had a total personal income (TPI) of $2,407,419*. This TPI ranked 7th
in the state and accounted for 3.4 percent of the state total. In 1994 the TPI
of Faulkner was $1,241,969* and ranked 9th in the state. The 2004 TPI reflected
an increase of 7.0 percent from 2003. The 2003-2004 state change was 6.6 percent and the national change was 6.2
percent. The 1994-2004 average annual growth rate of TPI was 6.8
percent. The average annual growth rate for the state was 5.1
percent and for the nation was 5.2
Total personal income includes net earnings by place of residence; dividends, interest, and rent;
and personal current
transfer receipts received by the residents of Faulkner. In
2004 net earnings accounted for 71.7 percent of TPI (compared with 71.7 in
1994); dividends, interest, and rent were 11.1 percent (compared with 13.0 in
1994); and personal current transfer receipts were 17.2 percent (compared with
15.4 in 1994). From 2003 to 2004 net earnings increased 9.5 percent; dividends,
interest, and rent decreased 7.1 percent; and personal current transfer
receipts increased 7.6 percent. From 1994 to 2004 net earnings increased on
average 6.8 percent each year; dividends, interest, and rent increased on
average 5.2 percent; and personal current transfer receipts increased on
average 8.1 percent.
Earnings of persons employed in Faulkner
increased from $1,425,096* in 2003 to $1,530,581* in 2004, an increase of 7.4
percent. The 2003-2004 state change was 6.8 percent and
the national change was 6.4 percent. The average annual
growth rate from the 1994 estimate of $751,586* to the 2004 estimate was 7.4 percent. The average annual growth rate for the state was
5.1 percent and for the nation was 5.5
percent.
*Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation.