Hot Springs Village, AR is a great place to live for those looking for a more affordable lifestyle. The average 2 Bedroom rent in Hot Springs Village, AR is $1,200 which is lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hot Springs Village, AR is 98 compared to 100 in the US. Hot Springs Village is home to several local businesses including Joe's BBQ & Grill, Lakeside Cafe & Ice Cream Parlor, and McAlister's Deli. Residents can enjoy activities such as hiking trails in Balboa Lake Park or shopping at the local outlets located near the downtown area. Additionally, there are several amenities available in Hot Springs Village such as fitness centers, community pools and tennis courts for residents to enjoy year round.
Hot Springs Village has an unemployment rate of 6.1%. The US average is 6.0%.
Hot Springs Village has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Hot Springs Village
- The Sales Tax Rate for Hot Springs Village is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Hot Springs Village is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hot Springs Village
- The average income of a Hot Springs Village resident is $36,827 a year. The US average is $28,555 a year.
- The Median household income of a Hot Springs Village resident is $62,938 a year. The US average is $69,021 a year.