NAICS 62

Healthcare and Social Assistance in Hot Springs, AR

Metro Market Score 66.8 (Difficult), ranked #229 of 248 metros. 477 establishments, 7,892 jobs.

Metro Market Score 66.8

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national healthcare and social assistance average.

With a 1.45 location quotient, Hot Springs has an outsized healthcare and social assistance presence relative to its population. That concentration (index: 91.5) creates a mature local market where supplier networks are established but differentiation matters more.

Industry Concentration

91.5

LQ: 1.45

Rank #227 of 248 metros

Wage Competitiveness

26.2

$57,737 avg wage

Growth Trend

↓ 6.8

Employment growth index

Rank #232 of 248 metros

Wage Pressure

47.1

YoY wage change index

477 Healthcare and Social Assistance Firms in Hot Springs

477

Establishments

+0.6% YoY

7,892

Total Employment

-1.5% YoY

$57,737

Average Annual Wage

+4.4% YoY

1.45

Location Quotient

Above national avg

Within Arkansas

#2 of 2

healthcare and social assistance metros in state

Arkansas state rank

#24 of 51

for healthcare and social assistance entry risk

vs State Median

0.0

matches median (66.8)

Hot Springs vs Arkansas Statewide

How this metro's healthcare and social assistance market compares to Arkansas overall. The state ranks #24/51 for entry risk.

Measure	Hot Springs	AR Statewide
Overall Score	66.8 Difficult	39.5 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#229 of 248 metros	#24 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 Finance and Insurance 53.0 Accommodation and Food Services 62.0 Retail Trade 71.6

Healthcare and Social Assistance in Other Arkansas Metros

Jonesboro 51.4 #144/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Hot Springs's 66.8 score. Useful when comparing markets with comparable entry profiles.

Jacksonville, FL 66.8 #228/248 Lima, OH 66.5 #227/248 Durham-Chapel Hill, NC 66.1 #226/248 Kiryas Joel-Poughkeepsie-Newburgh, NY 67.9 #230/248 Great Falls, MT 68.1 #231/248 Barnstable Town, MA 68.2 #232/248 Grand Forks, ND 68.2 #233/248 York-Hanover, PA 65.3 #225/248 Spokane-Spokane Valley, WA 68.7 #234/248 Fairbanks-College, AK 64.6 #224/248

Healthcare and Social Assistance in States Bordering Arkansas

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Louisiana 34.6 #16/51 Mississippi 38.3 #23/51 Texas 46.8 #36/51 Tennessee 47.4 #38/51 Oklahoma 49.7 #41/51 Missouri 55.6 #51/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance 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 healthcare and social assistance sector, the employment growth component (93.2) 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