Arkansas
Between the 2022 and 2023 filing years, Arkansas saw a net gain of 5,213 tax-filing households and a net gain of 11,246 individuals. Against a population of about 3,067,732, that is a net inflow of about 3.7 per 1,000 residents. On net, the area gained $445.8M in associated adjusted gross income (AGI, nominal dollars).
Key Statistics
- Cost of living: 13% below the U.S. average
- Median home value: $175,300 (national: $303,400)
- Home prices: +49.7% over the 5 years to 2023
- Monthly rent: $914 (national: $1,348)
- Homeownership rate: 66% (national: 65%)
- Unemployment rate: 3.2% (national: 3.6%)
- Median household income: $58,773 (national: $78,538)
- Median age: 38.4 years (national: 38.7)
Migration Overview
- Net households: +5,213 tax returns
- Net people: +11,246 exemptions
- Net income (AGI): +$445.8M nominal dollars
- Net migration rate: +3.7 net people per 1,000 residents
Income (AGI) in and out:
- Moved in: $2.4B
- Moved out: $1.9B
- Net: +$445.8M (nominal)
Top Origin States
- Texas: 7,451 households, $498.9M AGI
- Missouri: 3,265 households, $175.3M AGI
- Oklahoma: 2,953 households, $133.7M AGI
- California: 2,736 households, $188.5M AGI
- Tennessee: 1,960 households, $117.7M AGI
Top Destination States
- Texas: 6,498 households, $406.7M AGI
- Missouri: 3,143 households, $153.1M AGI
- Oklahoma: 2,929 households, $137.9M AGI
- Tennessee: 1,839 households, $99.7M AGI
- Florida: 1,743 households, $168.4M AGI
Churn by State (Two-Way Exchanges)
The biggest two-way exchanges of filing households, 2022–2023:
- Texas: 7,451 in, 6,498 out (+953 net, +$92.2M AGI)
- Missouri: 3,265 in, 3,143 out (+122 net, +$22.1M AGI)
- Oklahoma: 2,953 in, 2,929 out (+24 net, -$4.2M AGI)
- California: 2,736 in, 1,313 out (+1,423 net, +$104.1M AGI)
- Tennessee: 1,960 in, 1,839 out (+121 net, +$17.9M AGI)
Net Migration by Year
Net AGI and net people by year (nominal dollars):
- 2012: -$93.5M AGI, -1,195 people
- 2013: -$41.1M AGI, -1,654 people
- 2014: -$72.7M AGI, -4,489 people
- 2015: -$81.3M AGI, -1,545 people
- 2016: -$39.5M AGI, +1,028 people
- 2017: +$75.5M AGI, +5,110 people
- 2018: -$18M AGI, +2,431 people
- 2019: -$43.9M AGI, +2,253 people
- 2020: +$249.9M AGI, +9,763 people
- 2021: +$539.1M AGI, +15,710 people
- 2022: +$467.7M AGI, +14,641 people
- 2023: +$445.8M AGI, +11,246 people
Net 2012–2023: +$1.4B AGI (+53,299 people).
Migration in Context
- Population (2023 estimate): 3,069,856
- Net migration rate: +3.7 net people per 1,000 residents
- Net income per resident: +$145 nominal dollars
Components of population change (2023 Census):
- Births: +35,330
- Deaths: 36,406
- Net domestic migration: +17,825
- Net international migration: +5,592
- Total change: +22,427
Income & Cost of Living
- Price level: 86.8 (100 = U.S. average, 13.2% below average)
- Income per person: $56,547 (19% below U.S. average)
- What that income buys: $65,139 at U.S.-average prices (7% below U.S. average)
Price parity by category (index where 100 = U.S. average):
- Housing & rents: 56.7
- Goods: 93.1
- Utilities: 81.9
- Other services: 95.7
Demographics
- Median age: 38.4 years
- Median household income: $58,773 (25% below U.S. median)
- College degree: 25% of adults 25+
- Poverty rate: 16.0%
- Average commute: 22 minutes
- Broadband at home: 85% of households
Race and ethnicity (share of residents):
- White: 68%
- Hispanic: 9%
- Black: 15%
- Asian: 2%
- Other: 7%
Housing
- Median home value: $175,300 (42% below U.S. median)
- Median rent: $914 (32% below U.S. median)
- Homeownership rate: 66%
- Home-price appreciation (past year): +8.7%
- Home-price appreciation (past 5 years): +50%
- New home construction (2023): 12,842 units (73% single-family, 27% multifamily)
Local Economy & Risk
- Unemployment rate (2023): 3.2%
- Labor force: 1,386,192 (1,342,482 employed)
- Disaster declarations (2023): 3 major federal (most common: Winter Storm)
Unemployment (May 2026): 3.7% (0.1 points lower than May 2025).
Net Migration by Income Bracket
Tax-filing households that moved into Arkansas minus those that left, by adjusted gross income (2022–2023):
- $1–$10k: +451 households (+$2M AGI)
- $10k–$25k: +739 households (+$12.5M AGI)
- $25k–$50k: +1,045 households (+$39.1M AGI)
- $50k–$75k: +572 households (+$34.1M AGI)
- $75k–$100k: +640 households (+$55.6M AGI)
- $100k–$200k: +1,256 households (+$177M AGI)
- $200k+: +42