Best Small Places for Business and Careers 2019

Hot Springs, AR

Hot Springs, AR
the place image

Hot Springs, AR

Hot Springs, AR
gross metro product
$3.5B
population
99.2K
median household income
$46,894
median home price
$169,000
cost of living
10% below nat'l avg
college attainment
19.5%
net migration
230 (year: 2018)
unemployment
3.8%
major industries
Tourism
job growth
1.8% (year: 2018)
As of October 2019
Hot Springs is traditionally best known for the natural spring water that gives it its name, flowing out of the ground at a temperature of 147 degrees into the famed Bathhouse Row. Hot Springs National Park is the oldest Federal Reserve in the U.S., and the tourist trade brought by the famous springs makes it a very successful spa town. Other popular attractions include Oaklawn Park, theme parks, the Hot Springs Music Festival and the Hot Springs Documentary Film Festival which is held each October at the historic Malco
Theater. The city is home to National Park Community College and the Hot Springs Technology Institute.
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On forbes lists
#102
In Cost of Doing Business
#133
In Job Growth
#166
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1.8% (year: 2018)
Projected Annual Job Growth
0.7%
Unemployment
3.8%
Median Household Income
$46,894
Household Income Growth
2.7%
High-Tech Employment
0.5%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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