Jonesboro, Arkansas – In a recent study, Arkansas emerged as the second state in the U.S. that allocates the least towards home improvement expenditures, preceded only by Mississippi.
The study undertook a comparison of each state’s median income against its respective expenditure on various fronts.
This comprehensive analysis, carried out by the Contractor Growth Network, utilized data acquired from the Consensus Business Builder spanning the timeframe of December 2021 to December 2022.
With a population of approximately 3 million, the median household earnings in Arkansas stand at $52,123. Residents, on average, devote about $2,705 annually to home enhancement endeavors.
A representative from Contractor Growth Network articulated, “There has never been a better time to renovate property in America.” While elaborating on the findings, the spokesperson noted, “this study underscores the states with the least financial commitment to home refurbishments. Nonetheless, it’s worth observing that even if these states spend nominally less, the proportion of expenditure in relation to the median household income parallels, or even exceeds, that of states which invest more substantially in home improvements.”
