Average All Occupations Salary in Hot Springs, AR
In Hot Springs, Arkansas, the average annual salary for All Occupations stands at $46,040. This figure is notably lower than the national average of $67,140, reflecting regional economic factors and the specific demands of the local job market. The cost of living in Hot Springs aligns perfectly with the national average, suggesting that while nominal wages are lower, purchasing power may be more balanced.
Executive Summary
- Average Salary: $46,040 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,930.
- Outlook: Hot Springs, AR supports a substantial workforce of 37,840 individuals across all occupations. The Location Quotient of 1.0 indicates that the concentration of these jobs is precisely in line with the national average, suggesting a stable and balanced employment landscape. With 1,000 jobs per 1,000 workers, the market appears to offer consistent opportunities for those seeking employment in the area.
Salary Overview
The average All Occupations in Hot Springs, AR earns-31.4%below the national average.
$22.1
$885
$3,837
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations in Hot Springs, AR, have experienced modest growth over the past four years, mirroring broader economic trends. This growth is likely influenced by inflation, evolving industry demands, and the overall economic health of the region, contributing to a gradual increase in average compensation.
All Occupations Salary Distribution in Hot Springs, AR
Salary progression for All Occupations in Hot Springs, AR, typically scales with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher compensation. The percentile gaps between entry-level and senior roles highlight the tangible career advancement and earning potential available to dedicated individuals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $23,890 | $11.5 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $34,530 | $16.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $36,010 | $17.3 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $57,550 | $27.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $76,930 | $37 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$46,040
Gross Pay
Real Wage (Purchasing Power)
$46,040
Adjusted for COL (100)
The nominal average annual salary of $46,040 in Hot Springs, AR, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of the average salary in Hot Springs is equivalent to the national average. While the absolute salary figure may seem lower, the balanced cost of living suggests that residents can maintain a similar standard of living to those in higher-cost areas with higher nominal salaries.
Job Market Context
37,840
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Hot Springs, AR has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Hot Springs, AR, signifies that the concentration of these jobs within the local workforce is identical to the national average. This suggests a well-established and balanced job market, neither significantly over-saturated nor experiencing a pronounced shortage of workers in these roles. Opportunities are likely consistent with national trends, offering a predictable employment environment.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR All Occupations Salary | $55,540↑ 21% | 43 mi |
| South Arkansas nonmetropolitan area All Occupations Salary | $48,000↑ 4% | 51 mi |
| North Arkansas nonmetropolitan area All Occupations Salary | $46,650↑ 1% | 51 mi |
| West Arkansas nonmetropolitan area All Occupations Salary | $46,500↑ 1% | 51 mi |
| East Arkansas nonmetropolitan area All Occupations Salary | $46,730↑ 1% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Hot Springs, AR?
The median annual salary for a All Occupations in Hot Springs, AR is $46,040. This typically ranges from $23,890 for entry-level positions to $76,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 31.4% lower than the national median of $67,140.
Is Hot Springs, AR a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $46,040 is significantly below the national average of $67,140. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Hot Springs, AR a good place to live for All Occupations?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($55,540) and South Arkansas nonmetropolitan area.
How does the cost of living in Hot Springs, AR compare nationally?
The cost of living index in Hot Springs, AR is 100, which is exactly the national average. This means that the general expenses for goods and services are on par with the rest of the United States.
What is the total workforce size in Hot Springs, AR for All Occupations?
The total local workforce for All Occupations in Hot Springs, AR, comprises 37,840 individuals, indicating a substantial employment base within the city.
Does the Location Quotient suggest a high demand for All Occupations in Hot Springs, AR?
A Location Quotient of 1.0 suggests that the concentration of All Occupations jobs in Hot Springs, AR, is average compared to the national level, indicating neither a high demand nor a significant surplus.
How does the average salary in Hot Springs, AR compare to the national average?
The average annual salary for All Occupations in Hot Springs, AR, is $46,040, which is considerably lower than the national average of $67,140.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 37,840 employees in the Hot Springs, AR area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Hot Springs, AR