NAICS 52

Finance and Insurance in Hot Springs, AR

Metro Market Score 53.0 (Challenging), ranked #197 of 331 metros. 188 establishments, 881 jobs.

Metro Market Score 53.0

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national finance and insurance average.

Hot Springs's finance and insurance sector saw employment decline over the past year (growth trend: 9.1). That contraction, combined with a 53.0 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

44.1

LQ: 0.57

Rank #146 of 331 metros

Wage Competitiveness

19.3

$74,749 avg wage

Growth Trend

↓ 9.1

Employment growth index

Rank #302 of 331 metros

Wage Pressure

49.4

YoY wage change index

188 Finance and Insurance Firms in Hot Springs

188

Establishments

-6.0% YoY

881

Total Employment

-6.8% YoY

$74,749

Average Annual Wage

+7.5% YoY

0.57

Location Quotient

Below national avg

Within Arkansas

#4 of 5

finance and insurance metros in state

Arkansas state rank

#7 of 51

for finance and insurance entry risk

vs State Median

+1.4

worse than median (51.6)

Hot Springs vs Arkansas Statewide

How this metro's finance and insurance market compares to Arkansas overall. The state ranks #7/51 for entry risk.

Measure	Hot Springs	AR Statewide
Overall Score	53.0 Challenging	44.7 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#197 of 331 metros	#7 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Hot Springs

Information 22.1 Other Services 22.9 Administrative and Support Services 30.4 Professional, Scientific, and Technical Services 35.5 Construction 36.8 Real Estate and Rental and Leasing 40.3 Accommodation and Food Services 62.0 Healthcare and Social Assistance 66.8 Retail Trade 71.6

Finance and Insurance in Other Arkansas Metros

Jonesboro 27.0 #27/331 Fayetteville-Springdale-Rogers 47.6 #157/331 Fort Smith 51.6 #184/331 Little Rock-North Little Rock-Conway 62.8 #262/331

Finance and Insurance Metros With Similar Conditions

Metros within 5 points of Hot Springs's 53.0 score. Useful when comparing markets with comparable entry profiles.

Rockford, IL 53.0 #198/331 Oshkosh-Neenah, WI 53.0 #196/331 Panama City-Panama City Beach, FL 53.2 #199/331 Saginaw, MI 53.3 #200/331 Chattanooga, TN 53.3 #201/331 Davenport-Moline-Rock Island, IA 52.8 #195/331 Slidell-Mandeville-Covington, LA 53.3 #202/331 Scranton--Wilkes-Barre, PA 53.3 #203/331 Orlando-Kissimmee-Sanford, FL 52.6 #194/331 Hilton Head Island-Bluffton-Port Royal, SC 53.4 #204/331

Finance and Insurance in States Bordering Arkansas

State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.

Louisiana 42.0 #6/51 Texas 50.4 #25/51 Tennessee 53.4 #33/51 Mississippi 54.5 #36/51 Missouri 57.7 #43/51 Oklahoma 64.9 #48/51

Browse Finance and Insurance in Other States

State-level entry risk reports for finance and insurance across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Hot Springs's finance and insurance sector, the employment growth component (90.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Hot Springs, AR MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment