Average Light Truck Drivers Salary in Hot Springs, AR
Light Truck Drivers in Hot Springs, Arkansas, earn an average annual salary of $40,090. This figure is notably below the national average of $47,920. Local economic factors and the specific demand within the Hot Springs region likely contribute to this pay differential.
Executive Summary
- Average Salary: $40,090 per year.
- Growth Trend: Salaries have shifted 5.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,550.
- Outlook: With a total local workforce of 280 Light Truck Drivers, the market in Hot Springs, AR, shows a moderate concentration. The Location Quotient of 1.14 suggests that this profession is slightly more prevalent in Hot Springs compared to the national average, indicating a stable, albeit not booming, demand for these services within the area.
Salary Overview
The average Light Truck Drivers in Hot Springs, AR earns-16.3%below the national average.
$19.3
$771
$3,341
Light Truck Drivers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Light Truck Drivers in Hot Springs, AR, have experienced gradual growth over the past four years, mirroring broader economic trends and inflation adjustments. This suggests a generally positive trajectory for compensation in this role.
Light Truck Drivers Salary Distribution in Hot Springs, AR
Salary progression for Light Truck Drivers typically correlates with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings reflect this career advancement and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $26,370 | $12.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $30,068 | $14.5 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $37,280 | $17.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $50,113 | $24.1 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $59,550 | $28.6 |
Detailed Light Truck Drivers Market Analysis
Relocation Context
Nominal Salary
$40,090
Gross Pay
Real Wage (Purchasing Power)
$40,090
Adjusted for COL (100)
The average annual salary of $40,090 in Hot Springs, AR, aligns precisely with the national average cost of living (Index 100). This means that the nominal income earned by a Light Truck Driver in this location has purchasing power equivalent to the national average, offering a balanced financial landscape.
Job Market Context
280
Total Jobs
7.373
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Hot Springs, AR has a slightly higher-than-average concentration of Light Truck Drivers roles compared to the national norm.
A Location Quotient of 1.14 indicates that Light Truck Drivers are 14% more concentrated in Hot Springs, AR, than the national average. This suggests a slightly higher demand or a more established presence of this occupation within the local job market, potentially leading to more opportunities compared to areas with a lower quotient.
Nearby Job Markets
Nearby Cities for Light Truck Drivers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Light Truck Drivers Salary | $44,890↑ 12% | 43 mi |
| South Arkansas nonmetropolitan area Light Truck Drivers Salary | $38,690↓ 3% | 51 mi |
| North Arkansas nonmetropolitan area Light Truck Drivers Salary | $43,030↑ 7% | 51 mi |
| West Arkansas nonmetropolitan area Light Truck Drivers Salary | $39,950↓ 0% | 51 mi |
| East Arkansas nonmetropolitan area Light Truck Drivers Salary | $38,880↓ 3% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring Light Truck Driverss?
Frequently Asked Questions
How much does a Light Truck Drivers make in Hot Springs, AR?
The median annual salary for a Light Truck Drivers in Hot Springs, AR is $40,090. This typically ranges from $26,370 for entry-level positions to $59,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 16.3% lower than the national median of $47,920.
Is Hot Springs, AR a lucrative place for Light Truck Drivers?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary for Light Truck Drivers in Hot Springs, AR ($40,090) is below the national average ($47,920).
Is Hot Springs, AR a good place to live for Light Truck Drivers?
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 ($44,890) and South Arkansas nonmetropolitan area.
How does the cost of living in Hot Springs, AR affect salary?
The cost of living in Hot Springs, AR, is exactly at the national average (100). This means the $40,090 salary has average purchasing power, but it is less impactful given the salary is below the national average for the role.
What does a Location Quotient of 1.14 mean for Light Truck Drivers in Hot Springs?
A Location Quotient of 1.14 signifies that Light Truck Drivers are slightly more concentrated in Hot Springs, AR, than the national average. This suggests a healthy presence and demand for these professionals within the local economy.
How many Light Truck Drivers are there in Hot Springs, AR?
There are approximately 280 Light Truck Drivers employed within the Hot Springs, AR area.
Is the job market for Light Truck Drivers growing in Hot Springs, AR?
While specific growth rates aren't provided, the Location Quotient of 1.14 suggests a stable or slightly above-average concentration of jobs, implying a consistent demand rather than rapid expansion.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Hot Springs, AR area with a job density of 7.373 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Light Truck Drivers • Data source: BLS OEWS 2024 •Jobs in Hot Springs, AR