Hot Springs, Arkansas Income Statistics
Hot Springs Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Hot Springs Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hot Springs | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,956 | $60,940 | $80,455 |
| Median Personal Income | $40,697 | $49,255 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.6% | 4.8% |
| Six-Figure Earners | 5.6% | 8.0% | 13.9% |
| $200k+ Households | 3.2% | 6.7% | 13.2% |
The median household income in Hot Springs is about 23% lower than in Arkansas. Income has been growing faster in Hot Springs (4.7%/yr) than in Arkansas (4.6%/yr).
About 6% of adults in Hot Springs earn six figures ($100,000 or more) a year, lower than the Arkansas average of 8%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hot Springs, Arkansas grew by 50.8% from 2009 to 2024, reaching $46,956 in 2024. That's an average of about 4.7% per year.
Hot Springs has been far below the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2022, its income was 37% lower. The gap has widened from 39% in 2009 to 42% in 2024.
Income Distribution in Hot Springs
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 2,785 households (18.9% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 40.0% of households in Hot Springs had an income under $35,000 and 8.5% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Hot Springs has a larger share of households earning $15,000 to $24,999 (13.2% vs 6.4%) and a smaller share earning $200,000 or more (3.2% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,154 | 7.8% | 5.1% |
| $10,000 to $14,999 | 953 | 6.5% | 3.5% |
| $15,000 to $24,999 | 1,944 | 13.2% | 6.4% |
| $25,000 to $34,999 | 1,848 | 12.5% | 6.7% |
| $35,000 to $49,999 | 1,914 | 13.0% | 10.1% |
| $50,000 to $74,999 | 2,413 | 16.4% | 15.5% |
| $75,000 to $99,999 | 1,722 | 11.7% | 12.6% |
| $100,000 to $149,999 | 1,537 | 10.4% | 17.4% |
| $150,000 to $199,999 | 775 | 5.3% | 9.5% |
| $200,000 or more | 473 | 3.2% | 13.2% |
Shares are of all 14,734 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 1,473 residents (5.6% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 6.4% of residents who have any income.
In 2024, 12.3% of Hot Springs residents aged 15 and over reported no personal income, 37.0% had some income but less than $25,000, and 10.9% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Hot Springs has a larger share of residents earning $15,000 to $24,999 (16.5% vs 10.5%) and a smaller share earning $100,000 or more (5.6% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,225 | 12.3% | 12.8% |
| $1 to $9,999 | 3,077 | 11.8% | 11.2% |
| $10,000 to $14,999 | 2,285 | 8.7% | 7.0% |
| $15,000 to $24,999 | 4,321 | 16.5% | 10.5% |
| $25,000 to $34,999 | 3,399 | 13.0% | 9.5% |
| $35,000 to $49,999 | 3,881 | 14.8% | 12.6% |
| $50,000 to $74,999 | 3,090 | 11.8% | 14.3% |
| $75,000 to $99,999 | 1,387 | 5.3% | 8.2% |
| $100,000 or more | 1,473 | 5.6% | 13.9% |
Shares are of the 26,138 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Hot Springs
| Metric | Hot Springs | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.551 | 0.552 |
| Male Median Income | $45,710 | $57,045 | $69,667 |
| Female Median Income | $43,983 | $46,102 | $56,850 |
| Gender Pay Gap | 3.8% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Hot Springs, it is 0.532, lower than Arkansas's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 4% more than women's income in Hot Springs, Arkansas. Over a 35-year career, a 4% wage gap accumulates to roughly $60,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hot Springs, Arkansas has narrowed from about 8% to 4% in 2024. Over that period the gap was widest at 20% in 2016, and was narrowest at 4% in 2023. In dollar terms, the gap has narrowed by $765 since 2009.
Employment
| Metric | Hot Springs | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.9% | 5.2% |
| Working from Home | 6.9% | 8.8% | 15.0% |
| Commute time (minutes) | 13 | 18 | 22 |
Approximately 756 people are unemployed in Hot Springs, Arkansas.
The average commute time in Hot Springs is 13 minutes, shorter than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hot Springs, Arkansas has fallen from 11.0% to 5.3% in 2024. Over that period the rate peaked at 11.2% in 2014.
Hot Springs has stayed above the U.S. unemployment rate from 2011 to 2024 and has never dropped below it. It came closest in 2019, when the two were level. The gap has narrowed from 2.3 points in 2011 to 0.1 points in 2024.
Conclusion
Considering all these factors, Hot Springs, Arkansas has an overall wealth index grade of D, making it about on par with Arkansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hot Springs, Arkansas.
How Rich Is Hot Springs, Arkansas?
Hot Springs has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $46,956, about 23% lower than the Arkansas average of $60,940.
How has median household income changed in Hot Springs, Arkansas?
Between 2009 and 2024, the median household income in Hot Springs, Arkansas rose 51%, from $31,139 to $46,956. Over the same years, income here lagged behind Arkansas as a whole: +51% against +58%.
What was the median household income in Hot Springs in 2023?
In 2023, the median household income in Hot Springs, Arkansas was $46,273, down 1% from $46,881 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Hot Springs in 2020?
In 2020, the median household income in Hot Springs, Arkansas was $39,609. By 2024 it had risen 19% to $46,956.
What is the Gini coefficient in Hot Springs, Arkansas?
The Gini coefficient in Hot Springs is 0.532. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hot Springs, Arkansas?
Since 2009, the income gap between men and women in Hot Springs, Arkansas has narrowed from about 8% to 4% in 2024. Over that period the gap was widest at 20% in 2016, and was narrowest at 4% in 2023. In dollar terms, the gap has narrowed by $765 since 2009.
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