Hot Springs Village is a beautiful small town located in Garland County, Arkansas. It is the largest gated community in the United States and home to more than 26,000 people. The median two-bedroom rent here is just $1,280 per month, significantly lower than the US average of $1,430. Additionally, grocery costs are below the national average; an index of 98 compared to 100 in the US. There are plenty of local businesses for residents to take advantage of like A.R.C. Homecare & Hospice and Olde Towne Barber Shop who offer quality services at competitive prices. With its affordable housing options and convenient shops, it's no wonder Hot Springs Village is a popular destination for newcomers and longtime residents alike!
Hot Springs Village (zip 71909) has an unemployment rate of 6.1%. The US average is 6.0%.
Hot Springs Village (zip 71909) has seen the job market decrease by -4.7% 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 (zip 71909)
- The Sales Tax Rate for Hot Springs Village (zip 71909) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hot Springs Village (zip 71909) 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 (zip 71909)
- The average income of a Hot Springs Village (zip 71909) resident is $36,199 a year. The US average is $37,638 a year.
- The Median household income of a Hot Springs Village (zip 71909) resident is $61,312 a year. The US average is $69,021 a year.