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2024 Compare Cities Economy:
Florence, AL vs Hot Springs Village, AR

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Highlights
- Household income in Hot Springs Village, is 54% more than it is in Florence and is 10% below the National Average.
- Florence unemployment rate is 3.2%.
- Hot Springs Village unemployment rate is 6.1%.

Economy
 Florence, ALHot Springs Village, ARUnited States
 Unemployment Rate3.2%6.1%6.0%
 Recent Job Growth1.1%-1.0%1.6%
 Future Job Growth27.4%27.2%33.5%
 Sales Taxes5.5%8.0%6.2%
 Income Taxes5.0%6.9%4.6%
 Income per Cap.$25,854$38,011$37,638
 Household Income$40,944$62,938$69,021
 Family Median Income$53,716$77,907$85,028
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 Est. Households By Income
 Florence, ALHot Springs Village, ARUnited States
 Income Less Than 15K15.7%7.5%9.4%
 Income between 15K and 20K7.5%2.8%3.8%
 Income between 20K and 30K14.8%10.3%8.1%
 Income between 30K and 40K11.1%7.4%8.0%
 Income between 40K and 50K10.7%11.0%7.6%
 Income between 50K and 60K6.8%7.4%7.2%
 Income between 60K and 75K8.7%13.8%9.6%
 Income between 75K and 100K12.0%17.2%12.8%
 Income between 100K and 150K6.6%15.5%16.3%
 Income between 150K and 200K3.5%3.9%7.8%
 Income greater than 200K2.8%3.1%9.5%
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 Population By Occupation
 Florence, ALHot Springs Village, ARUnited States
 Management, business, finance11.0%17.6%16.4%
 Engineering, computers, science2.9%2.7%6.5%
 Community, social services2.0%1.2%1.8%
 Legal0.6%0.3%1.2%
 Education, library7.5%6.9%6.2%
 Arts, design, media, sports, entertainment1.7%0.6%2.0%
 Healthcare practitioners and technology6.6%5.4%6.2%
 Healthcare support2.6%4.5%3.3%
 Firefighters, law enforcement1.9%1.8%2.1%
 Food preparation, serving10.3%4.5%5.4%
 Building maintenance3.0%7.1%3.6%
 Personal care2.2%2.4%2.6%
 Sales, office, administrative support25.0%26.9%20.9%
 Farming, fishing, forestry0.1%0.5%0.6%
 Construction, extraction, maintenance/repair6.7%7.6%8.1%
 Production, transportation, material moving15.8%9.8%13.1%

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Reviews for Florence    8 Reviews

Over 14 years ago

I am a 41 yr old female in search of a new life. I am not running I amj ust trying to find myself some happiness and I would like to know what I can rent there to make  More

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Over 14 years ago

A few years ago, while i was still living in Florence, the local newspaper did an article abt why the young educated people were leaving Florence. In my early 20's as i  More

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Over 15 years ago

we will relocate to Alabama, Muscle Shoals, Florence, Sheffield area.We would like a nice town to live in, where our two kids can grow up and would not cost us a  More

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Reviews for Hot Springs Village    16 Reviews

Over 3 years ago

We’ve been coming here for nearly 30 years. Bought a house on Lake Balboa 3 years ago and love the neighbors, golf, restaurants and location. Many lakes in this gated  More

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I have moved into Hot Springs Village less than 2 months ago. Within that 2 month time period I have had the POA compliance authorities come to tell me I was out of  More

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1. Cost of living is lower than most other states, especially property taxes. 2. Icy and snowy weather is infrequent. 3. Hurricane evacuations are not an issue you  More

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ZIPS IN FLORENCE, ALABAMA
35630 35633 35634
ZIPS IN HOT SPRINGS VILLAGE, ARKANSAS
71909 71949 72087

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