With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Hot Springs Village, AR.
In Hot Springs Village, diverse industries contribute to the local economy, providing a range of career opportunities for job seekers. Health care plays a significant role in this city, while construction and finance also offer stable employment prospects. Additionally, educational institutions and hospitality-related businesses contribute to the area's workforce. Overall, these sectors ensure that residents have access to rewarding and sustainable careers in a slightly positive economic environment.
In the city, employment opportunities present a unique landscape for job seekers. With an average salary of $46,997, earnings in this locale are 32.11% below the national average. However, the cost of living is notably more affordable, being 10.0% lower than the average benchmark. A noteworthy aspect of employment here is that 17% of individuals receive insurance through their employer. The typical commute time for professionals in the city stands at 32 minutes, which might be worth considering when exploring potential career options within its borders.
Hot Springs Village, AR is a city with an unemployment rate of 6.10%, which is above the national average of 3.8%. Despite the higher than average unemployment rate, the future job market growth in Hot Springs Village is expected to be strong, providing ample opportunities for jobseekers. The combination of a slightly higher unemployment rate and strong future job market growth suggests that Hot Springs Village's economy is experiencing positive changes, making it an attractive location for employment seekers.
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