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Facts & Stats
Northwest
Arkansas, officially the Fayetteville-Springdale-Rogers MSA, (Metropolitan
Statistical Area), has been, and will
continue to be, the economic growth engine
for the state of Arkansas.
It is comprised of Benton and Washington Counties (the most northwestern counties in Arkansas) and McDonald County (the most southwestern county in Missouri). Known for a diverse economy and bolstered by such giants as Wal-Mart, Tyson Foods and J.B. Hunt Transportation world headquarters, industry thrives alongside tourism and agriculture.
The soil
continues to be fertile for growth in
Northwest Arkansas. For example, the MSA was named the #1 best performing in the nation by the Milken Institute in 2003 and was the sixth-fastest growing MSA in the country from 1990-2000 at 47.5%, with Benton County growing 57.3% and Washington County growing 39.1%. Due to rapid growth, the information from the U.S. Census Bureau 2000 Census has become quickly outdated. The city of Rogers conducted a special census in May 2006. Access a summary of the 2006 Rogers Special Census including demographics related to age, race and gender by clicking here.
|
|
1990
Population |
2000
Population |
2005/2006
Estimate |
|
Rogers |
24,692 |
38,829 |
*48,667 |
|
Lowell |
1,224 |
5,013 |
7,042 |
|
MSA |
210,908 |
311,121 |
367,295 |
Benton County |
97,499 |
153,406 |
196,045 |
Washington County |
113,409 |
157,715 |
186,521 |
|
Arkansas |
2,350,400 |
2,673,400 |
2,701,431 |
*Sources: U.S. Census Bureau; Univ. of Arkansas Center for Business & Economic Research 2005/2006 figures are population estimates except those from *Rogers Special Census 2006 |
5-Year
Population Projections % Growth
|
|
Population |
% Growth |
|
MSA |
368,224 |
18.0 |
|
Benton County |
186,319 |
21.0 |
|
Washington County |
181,905 |
15.0 |
|
Arkansas |
2,805,500 |
4.0 |
Explosive population growth has translated into jobs, consistently placing the MSA in the ranks of the fastest growing job markets in the U.S., as measured by percentage of job growth. The unemployment rate is significantly lower than the national average, hovering around 3% for the MSA. The ACCRA Cost of Living Index, places the MSA at an affordable 91.3% of the U.S. Cost of Living Index average
Wealth and Income
|
Rogers, Arkansas |
2000 |
2006 |
2011 |
|
Median Household Income |
$40,476 |
$51,401 |
$63,030 |
|
Median Home Value |
$91,068 |
$144,005 |
$176,697 |
|
Per Capita Income |
$19,761 |
$24,785 |
$30,782 |
| Sources: ESRI Report prepared by the Arkansas Department of Economic Development |
Detailed Demographics
For specialized research, local contacts, market information or assistance contact:
Rogers-Lowell Area Chamber of Commerce
317 W. Walnut St.
Rogers, AR 72756
479-636-1240
info@rogerslowell.com
For assistance establishing a local franchise or starting a small business locally, please refer to the Small Business section of our website, visit the Rogers-Lowell Area Chamber of Commerce to pick up a guide to Doing Business in Rogers & Lowell or contact:
Gretchen Laffoon
Director of Economic Development
Rogers-Lowell Area Chamber of Commerce
317 West Walnut
Rogers, AR 72756
479-619-3190
gretchen@rogerslowell.com |
