Average Installation, Maintenance, and Repair Occupations Salary in Hot Springs, AR
In Hot Springs, AR, professionals in Installation, Maintenance, and Repair Occupations earn an average annual salary of $46,940. This figure is notably below the national average of $61,410, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this sector.
Executive Summary
- Average Salary: $46,940 per year.
- Growth Trend: Salaries have shifted 23.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,500.
- Outlook: The Installation, Maintenance, and Repair sector in Hot Springs, AR, supports a local workforce of 1,750 individuals. With a location quotient of 1.18, this occupation is more concentrated in Hot Springs than the national average, indicating a steady demand and a robust presence within the local economy. The figure of 46.32 jobs per 1,000 workers further underscores the significance of this field in the region.
Salary Overview
The average Installation, Maintenance, and Repair Occupations in Hot Springs, AR earns-23.6%below the national average.
$22.6
$903
$3,912
Installation, Maintenance, and Repair Occupations Salary Trends (2020-2024)
While specific historical data for Hot Springs is not provided, it is generally observed that salaries within Installation, Maintenance, and Repair Occupations have seen consistent growth over the past four years nationally. This trend is typically driven by increasing demand for skilled trades, rising material costs, and the ongoing need for essential infrastructure upkeep, which are likely reflected to some degree in the local Hot Springs market.
Installation, Maintenance, and Repair Occupations Salary Distribution in Hot Springs, AR
Salary progression for Installation, Maintenance, and Repair roles in Hot Springs, AR, is strongly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned technicians with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential as professionals gain expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $28,990 | $13.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $35,205 | $16.9 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $41,490 | $19.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $58,675 | $28.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $70,500 | $33.9 |
Detailed Installation, Maintenance, and Repair Occupations Market Analysis
Relocation Context
Nominal Salary
$46,940
Gross Pay
Real Wage (Purchasing Power)
$46,940
Adjusted for COL (100)
The average annual salary of $46,940 in Hot Springs, AR, aligns precisely with the national average cost of living, which is indexed at 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income within Hot Springs is equivalent to the national average, making the effective take-home pay comparable in terms of local economic value.
Job Market Context
1,750
Total Jobs
46.32
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Hot Springs, AR has a slightly higher-than-average concentration of Installation, Maintenance, and Repair Occupations roles compared to the national norm.
Hot Springs, AR, exhibits a location quotient of 1.18 for Installation, Maintenance, and Repair Occupations, signifying that this sector is 18% more concentrated locally than the national average. This higher concentration suggests a healthy demand for these services and potentially a more competitive market for skilled professionals, as the local economy relies more heavily on this occupational group compared to the rest of the country.
Nearby Job Markets
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Comparing salaries near Hot Springs, AR
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Frequently Asked Questions
How much does a Installation, Maintenance, and Repair Occupations make in Hot Springs, AR?
The median annual salary for a Installation, Maintenance, and Repair Occupations in Hot Springs, AR is $46,940. This typically ranges from $28,990 for entry-level positions to $70,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 23.6% lower than the national median of $61,410.
Is Hot Springs, AR a lucrative place for Installation, Maintenance, and Repair Occupationss?
No, not exceptionally lucrative compared to national averages.While the cost of living is on par with the national average, the average salary of $46,940 is significantly lower than the national average of $61,410 for these roles.
Is Hot Springs, AR a good place to live for Installation, Maintenance, and Repair 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 ($55,170) and South Arkansas nonmetropolitan area.
How does the cost of living in Hot Springs, AR affect the salary?
The cost of living index in Hot Springs, AR is 100, which is the national average. This means that the average salary of $46,940 has the same purchasing power locally as the national average salary does nationally.
What does a Location Quotient of 1.18 mean for this job sector in Hot Springs?
A location quotient of 1.18 indicates that Installation, Maintenance, and Repair Occupations are more prevalent in Hot Springs, AR, than the national average. This suggests a stronger local demand and a more established presence of these jobs in the region.
How many Installation, Maintenance, and Repair jobs are there per 1,000 workers in Hot Springs?
There are approximately 46.32 jobs per 1,000 workers in Installation, Maintenance, and Repair Occupations in Hot Springs, AR, highlighting the sector's relative importance to the local employment landscape.
Is the job market for Installation, Maintenance, and Repair Occupations growing in Hot Springs?
While specific growth rates aren't provided, the location quotient of 1.18 and the total workforce size suggest a stable and potentially growing demand for these essential services within the Hot Springs economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,750 employees in the Hot Springs, AR area with a job density of 46.32 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Installation, Maintenance, and Repair Occupations • Data source: BLS OEWS 2024 •Jobs in Hot Springs, AR