Faulkner County · Arkansas · South · 68k residents
Conway, AR: economy, jobs & business costs
The site-selection read on Conway: labor costs, talent, corporate tax, energy, and business activity, with the Arkansas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $990/wk. Arkansas's corporate income tax rate is 4.3%. Commercial electricity averages 10.2¢/kWh.
Compare Conway side by side
Avg. weekly wage
$990/wk
Corporate income tax
4.3%
Bachelor's degree or higher
42.7%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast Conway's economy is moving, ranked against the US cities we track.
53/100
Steady
Ranks Conway's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $252,100 |
| Price per sq. ft. | $135 |
| Property tax rate | 0.62% |
| 1-bedroom rent | $845/mo |
| 2-bedroom rent | $956/mo |
| State & local income tax | 4.01% |
| Sales tax | 9.45% |
| Corporate income tax | 4.3% |
| Avg. weekly wage | $990/wk |
| Bachelor's degree or higher | 42.7% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 26.0/1k |
| Wage: Software developer | $104,070 |
| Wage: Registered nurse | $81,070 |
| Wage: General manager | $76,080 |
| Wage: Customer service | $38,160 |
| Wage: Warehouse worker | $35,340 |
| Wage: Heavy truck driver | $57,050 |
| Wage: Electrician | $48,200 |
| Wage: Retail salesperson | $29,150 |
| Cost of living index | 80 |
| Groceries index | 95 |
| Utilities | $155/mo |
| Transit pass | $40/mo |
| Gas price | $2.90/gal |
| Healthcare index | 90 |
| Childcare (per child) | $750/mo |
| Median household income | $63,004 |
| Unemployment rate | 3.4% |
| Population | 68k |
| Crime index | 68/100 |
| School rating | 4.5/10 |
| Walkability | 34/100 |
| Disaster risk | 86/100 |
| Avg. commute | 22 min |
| Sunny days / year | 217 days |
| July high | 92°F |
| January low | 27°F |
| Annual snowfall | 2 in |
| Home price YoY | +1.6% |
| Home price MoM | 0.0% |
| Rent YoY | +0.5% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | +1.0% |
| Building permits YoY | -29.3% |
| Ocean coast | 367 mi |
| Big lake | 116 mi |
| Mountains | 69 mi |
| Major airport | 27 mi |
| Ski resort | 257 mi |
Popular comparisons
Nearby
- Maumelle, AR · 19k
- Sherwood, AR · 33k
- Jacksonville, AR · 29k
- North Little Rock, AR · 65k
- Cabot, AR · 27k
Similar size
- Rogers, AR · 73k
- Bentonville, AR · 58k
- Jonesboro, AR · 80k
- Springdale, AR · 88k
- Fort Smith, AR · 90k
Real listings in Conway
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Conway a good place to run a business?
- Arkansas's corporate income tax rate is 4.3%; average weekly wages in the surrounding labor market run $990/wk; commercial electricity averages 10.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Conway, AR?
- Conway indexes at 80 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $956/mo and a acs median home value of $252,100.
- How much does a house cost in Conway?
- The acs median home value in Conway is $252,100 (Census ACS estimate; individual listings vary).
- How much is rent in Conway?
- A two-bedroom in Conway rents for about $956/mo.