Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Located in the state of Arkansas, Hot Springs is a mid-sized city with a population of 38,697 people. If we look at the most recent Census, Hot Springs is known to have a predominantly White population. The next two most common races are Black and Asian. Single men and women might be happy to hear that in Hot Springs, only 49% of the population is married. If you're not a fan of traffic congestion and long commute times to work, Hot Springs is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 17 minutes, significantly lower than the national average of 26 minutes.
Living in Hot Springs can be a good experience for anyone moving to the city. Having said that, in the state of Arkansas, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like cost of living, health & safety, housing, you can easily compare the best places to live in Hot Springs and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Hot Springs to Arkansas and the national average.
Using data and statistics Hot Springs has received a livability score of 62/100. This score is ranked in the 49th percentile when compared to all other cities. If we dig down a little deeper into each category within the livability score, we see that Hot Springs has higher than average rankings for the following: cost of living (A+) and housing (B). There is at least one category that you should be aware of in Hot Springs. The following was graded with a discouraging score: amenities (F), crime (F), education (F) and employment (F).
Unemployment rates can range pretty dramatically from one city to another. Knowing that Hot Springs has an unemployment rate of 2.72% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Finding affordable real estate and housing in Hot Springs can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Hot Springs. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Hot Springs are affordable. Median real estate prices in Hot Springs come in at $127,500, which is 11.2% higher than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Hot Springs, the home price to income ratio is 3.2, which is 18.5% higher than the Arkansas average.
| Statistic | Hot Springs | Arkansas | National |
| Average one way commute | 17min | 22min | 26min |
| Workers who drive to work | 77.8% | 82.7% | 76.4% |
| Workers who carpool | 12.3% | 10.8% | 9.3% |
| Workers who take public transit | 0.6% | 0.4% | 5.1% |
| Workers who bicycle | 0.1% | 0.2% | 0.6% |
| Workers who walk | 3.5% | 1.7% | 2.8% |
| Working from home | 3.6% | 3.2% | 4.6% |
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