Average Medical and Health Services Managers Salary in Hot Springs, AR
In Hot Springs, AR, Medical and Health Services Managers earn an average annual salary of $93,860. This figure is notably below the national average of $137,170, reflecting localized economic factors and demand specific to the Arkansas region. While the nominal pay is lower, understanding the context of the local market is crucial for career and financial planning.
Executive Summary
- Average Salary: $93,860 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $144,580.
- Outlook: The local workforce of 200 Medical and Health Services Managers in Hot Springs, AR, coupled with a Location Quotient of 1.47, suggests a concentrated and potentially stable demand for these professionals. A Location Quotient above 1.0 indicates a higher concentration of these jobs in the area compared to the national average, implying a specialized need within the local healthcare infrastructure.
Salary Overview
The average Medical and Health Services Managers in Hot Springs, AR earns-31.6%below the national average.
$45.1
$1,805
$7,822
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Hot Springs is not provided, it is generally assumed that salaries for Medical and Health Services Managers have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is driven by increasing healthcare demands, an aging population, and the growing complexity of healthcare administration.
Medical and Health Services Managers Salary Distribution in Hot Springs, AR
Career progression for Medical and Health Services Managers typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while senior roles, requiring extensive expertise and leadership, command salaries in the higher percentiles. The gap between entry-level and senior compensation underscores the value placed on accumulated knowledge and proven management capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,610 | $24.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,395 | $33.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,630 | $40.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,325 | $56.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $144,580 | $69.5 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$93,860
Gross Pay
Real Wage (Purchasing Power)
$93,860
Adjusted for COL (100)
With an average annual salary of $93,860 and a Cost of Living Index of 100, Medical and Health Services Managers in Hot Springs, AR, experience a salary that aligns precisely with the national average cost of living. This means that the purchasing power of their income is comparable to that of managers in other areas considered to be at the national average for expenses.
Job Market Context
200
Total Jobs
5.388
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Hot Springs, AR has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
The Location Quotient of 1.47 for Medical and Health Services Managers in Hot Springs, AR, signifies that this profession is more concentrated in this area than the national average. This suggests a robust local market with a higher proportion of these roles relative to the general workforce, potentially indicating strong demand or a specialized healthcare industry presence.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
Comparing salaries near Hot Springs, AR
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Hot Springs, AR?
The median annual salary for a Medical and Health Services Managers in Hot Springs, AR is $93,860. This typically ranges from $50,610 for entry-level positions to $144,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 31.6% lower than the national median of $137,170.
Is Hot Springs, AR a lucrative place for Medical and Health Services Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $93,860 is substantial, it falls significantly short of the national average of $137,170. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Hot Springs, AR a good place to live for Medical and Health Services Managers?
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 ($105,000) and South Arkansas nonmetropolitan area.
How does the Hot Springs, AR salary compare to the national average?
The average annual salary for Medical and Health Services Managers in Hot Springs, AR, is $93,860, which is considerably lower than the national average of $137,170.
What is the concentration of Medical and Health Services Managers in Hot Springs, AR?
Hot Springs, AR has a Location Quotient of 1.47, indicating a higher concentration of these professionals compared to the national average.
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 the $93,860 salary has a purchasing power equivalent to the national average.
What is the total workforce size for this role in Hot Springs, AR?
There are approximately 200 Medical and Health Services Managers employed 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 200 employees in the Hot Springs, AR area with a job density of 5.388 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Hot Springs, AR