Average Computer and Mathematical Occupations Salary in Hot Springs, AR
In Hot Springs, AR, professionals in Computer and Mathematical Occupations earn an average annual salary of $61,060. This figure significantly trails the national average of $119,220, indicating a distinct regional compensation structure. Factors such as local industry demand, the cost of doing business, and the availability of a specialized talent pool likely contribute to this disparity.
Executive Summary
- Average Salary: $61,060 per year.
- Growth Trend: Salaries have shifted 6.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,620.
- Outlook: The local market for Computer and Mathematical Occupations in Hot Springs, AR, comprises approximately 370 individuals. With a jobs-per-1,000-workers ratio of 9.701, the presence of these roles is noted, though the low location quotient of 0.29 suggests a concentration below the national average. This indicates that while these positions exist, the sector is not a dominant employer in the region compared to national trends.
Salary Overview
The average Computer and Mathematical Occupations in Hot Springs, AR earns-48.8%below the national average.
$29.4
$1,174
$5,088
Computer and Mathematical Occupations Salary Trends (2020-2024)
While specific historical data for Hot Springs, AR, is not provided, it is reasonable to assume that salaries for Computer and Mathematical Occupations have experienced growth over the past four years, mirroring national trends. Economic expansion, technological advancements, and increasing demand for skilled professionals typically drive upward salary adjustments in this sector.
Computer and Mathematical Occupations Salary Distribution in Hot Springs, AR
Salary progression within Computer and Mathematical Occupations typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring specialized skills and extensive experience, command significantly higher compensation. The percentile gaps in salary distribution reflect these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $27,480 | $13.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $45,795 | $22 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $49,800 | $23.9 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $76,325 | $36.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $109,620 | $52.7 |
Detailed Computer and Mathematical Occupations Market Analysis
Relocation Context
Nominal Salary
$61,060
Gross Pay
Real Wage (Purchasing Power)
$61,060
Adjusted for COL (100)
The nominal average salary of $61,060 in Hot Springs, AR, aligns perfectly with the national average cost of living index of 100. This means that while the absolute salary is lower than the national average, the purchasing power of this income locally is equivalent to the national average. Therefore, the lower salary is offset by the stable cost of living, making the effective financial standing comparable to the national median.
Job Market Context
370
Total Jobs
9.701
Per 1K Jobs
0.29
Location Quotient
At 0.29x, Hot Springs, AR has a notably lower concentration of Computer and Mathematical Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A location quotient of 0.29 for Computer and Mathematical Occupations in Hot Springs, AR, signifies that this field is less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but also indicates a potentially smaller pool of specialized opportunities compared to more saturated regions.
Nearby Job Markets
Nearby Cities for Computer and Mathematical Occupations
Comparing salaries near Hot Springs, AR
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Frequently Asked Questions
How much does a Computer and Mathematical Occupations make in Hot Springs, AR?
The median annual salary for a Computer and Mathematical Occupations in Hot Springs, AR is $61,060. This typically ranges from $27,480 for entry-level positions to $109,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 48.8% lower than the national median of $119,220.
Is Hot Springs, AR a lucrative place for Computer and Mathematical Occupationss?
No, not compared to the national average.The average salary of $61,060 is substantially lower than the national average of $119,220. However, the cost of living is also at the national average, meaning the purchasing power is relatively stable.
Is Hot Springs, AR a good place to live for Computer and Mathematical 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 ($78,810) and South Arkansas nonmetropolitan area.
How does the local salary compare to the national average?
The average annual salary for Computer and Mathematical Occupations in Hot Springs, AR, is $61,060, which is considerably less than the national average of $119,220.
What is the cost of living in Hot Springs, AR?
Hot Springs, AR, has a cost of living index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are Computer and Mathematical Occupations jobs in Hot Springs, AR?
The location quotient of 0.29 indicates that these occupations are less concentrated in Hot Springs, AR, than the national average, suggesting a smaller presence in the local job market.
What is the total workforce size for these roles in Hot Springs, AR?
There are approximately 370 individuals employed in Computer and Mathematical Occupations in Hot Springs, AR.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Hot Springs, AR area with a job density of 9.701 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Computer and Mathematical Occupations • Data source: BLS OEWS 2024 •Jobs in Hot Springs, AR