Garland County · Arkansas · South · 16k residents
Hot Springs Village, AR: economy, jobs & business costs
The site-selection read on Hot Springs Village: 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 $906/wk. Arkansas's corporate income tax rate is 4.3%. Commercial electricity averages 10.2¢/kWh.
Compare Hot Springs Village side by side
Avg. weekly wage
$906/wk
Corporate income tax
4.3%
Bachelor's degree or higher
34.7%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast Hot Springs Village's economy is moving, ranked against the US cities we track.
80/100
Heating
Ranks Hot Springs Village's 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 | $272,000 |
| Price per sq. ft. | $135 |
| Property tax rate | 0.62% |
| 1-bedroom rent | $2,712/mo |
| 2-bedroom rent | $1,109/mo |
| State & local income tax | 4.01% |
| Sales tax | 9.45% |
| Corporate income tax | 4.3% |
| Avg. weekly wage | $906/wk |
| Bachelor's degree or higher | 34.7% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 34.1/1k |
| Wage: Software developer | $117,610 |
| Wage: Registered nurse | $78,590 |
| Wage: General manager | $62,810 |
| Wage: Customer service | $34,150 |
| Wage: Warehouse worker | $32,130 |
| Wage: Heavy truck driver | $44,590 |
| Wage: Electrician | $46,650 |
| Wage: Retail salesperson | $27,890 |
| Cost of living index | 84 |
| 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 | $75,370 |
| Unemployment rate | 3.4% |
| Population | 16k |
| Crime index | 68/100 |
| School rating | 4.5/10 |
| Walkability | 30/100 |
| Disaster risk | 89/100 |
| Avg. commute | 22 min |
| Sunny days / year | 217 days |
| July high | 93°F |
| January low | 32°F |
| Annual snowfall | 1 in |
| Home price YoY | +2.1% |
| Home price MoM | +0.2% |
| Rent YoY | — |
| Rent MoM | -2.3% |
| Employment (jobs) YoY | +1.3% |
| Building permits YoY | — |
| Ocean coast | 334 mi |
| Big lake | 136 mi |
| Mountains | 49 mi |
| Major airport | 48 mi |
| Ski resort | 300 mi |
Popular comparisons
Nearby
- Hot Springs, AR · 38k
- Benton, AR · 37k
- Bryant, AR · 22k
- Maumelle, AR · 19k
- Russellville, AR · 29k
Similar size
- El Dorado, AR · 17k
- Siloam Springs, AR · 19k
- Centerton, AR · 22k
- Searcy, AR · 23k
- Van Buren, AR · 24k
Real listings in Hot Springs Village
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Hot Springs Village 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 $906/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 Hot Springs Village, AR?
- Hot Springs Village indexes at 84 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,109/mo and a acs median home value of $272,000.
- How much does a house cost in Hot Springs Village?
- The acs median home value in Hot Springs Village is $272,000 (Census ACS estimate; individual listings vary).
- How much is rent in Hot Springs Village?
- A two-bedroom in Hot Springs Village rents for about $1,109/mo.