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Personal income last published on November 16, 2017.
Personal Income for Madison
Madison is one of 75 counties in Arkansas. It is part of the Fayetteville-Springdale-Rogers, AR-MO Metropolitan Statistical Area. Its 2016 population of 16,072 ranked 50th in the state.
Per Capita Personal Income
In 2016, Madison had a per capita personal income (PCPI) of $31,416. This PCPI ranked 49th in the state and was 79 percent of the state average, $39,722, and 64 percent of the national average, $49,246. The 2016 PCPI reflected a decrease of 1.0 percent from 2015. The 2015-2016 state change was 1.8 percent and the national change was 1.6 percent. In 2006, the PCPI of Madison was $23,291 and ranked 47th in the state. The 2006-2016 compound annual growth rate of PCPI was 3.0 percent. The compound annual growth rate for the state was 3.1 percent and for the nation was 2.6 percent.
Per Capita Personal Income, 2016
Per Capita Income as a Percent of the United States
| Madison | ||
| Arkansas | ||
Personal Income
In 2016, Madison had a personal income of $504,919*. This personal income ranked 48th in the state and accounted for 0.4 percent of the state total. In 2006, the personal income of Madison was $352,999* and ranked 51st in the state.
*Personal income estimates are in thousands of dollars, not adjusted for inflation.
| 2015-2016 percent change | 2006-2016 CAGR | |
|---|---|---|
| Madison | 1.2 % | 3.6 % |
| Arkansas | 2.1 % | 3.7 % |
| U.S. | 2.3 % | 3.4 % |
| CAGR: compound annual growth rate | ||
Components of Personal Income
Personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Madison.
2015-2016 percent change
| Madison | Arkansas | U.S. | |
|---|---|---|---|
| Net earnings | - 0.7 % | 2.4 % | 2.5 % |
| Dividends, interest, and rent | 3.4 % | - 0.2 % | 1.2 % |
| Personal current transfer receipts | 4.6 % | 3.8 % | 3.1 % |
2006-2016 CAGR
| Madison | Arkansas | U.S. | |
|---|---|---|---|
| Net earnings | 2.5 % | 2.3 % | 2.8 % |
| Dividends, interest, and rent | 4.4 % | 5.8 % | 3.7 % |
| Personal current transfer receipts | 6.0 % | 5.4 % | 5.5 % |
| CAGR: compound annual growth rate | |||
Percent Contribution to Personal Income
| Madison | Arkansas | United States | |
|---|---|---|---|
| 2006 | 
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| 2016 | 
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| Net earnings by place of residence | |||
| Dividends, interest, and rent | |||
| Personal current transfer receipts | |||