NAICS 81

Other Services in Hot Springs, AR

Metro Market Score 22.9 (Favorable), ranked #5 of 332 metros. 225 establishments, 1,055 jobs.

Metro Market Score 22.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national other services average.

📈Rapid Growth✓Favorable Market

Employment in Hot Springs's other services sector grew faster than most metros last year, pushing its growth trend index to 87.3. Combined with a 22.9 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration

41.6

LQ: 0.92

Rank #138 of 332 metros

Wage Competitiveness

5.4

$34,768 avg wage

Growth Trend

↑ 87.3

Employment growth index

Rank #43 of 332 metros

Wage Pressure

36.6

YoY wage change index

225 Other Services Firms in Hot Springs

225

Establishments

+3.7% YoY

1,055

Total Employment

+5.6% YoY

$34,768

Average Annual Wage

-0.4% YoY

0.92

Location Quotient

Below national avg

Within Arkansas

#1 of 3

other services metros in state

Arkansas state rank

#15 of 51

for other services entry risk

vs State Median

-21.8

better than median (44.7)

Hot Springs vs Arkansas Statewide

How this metro's other services market compares to Arkansas overall. The state ranks #15/51 for entry risk.

Measure	Hot Springs	AR Statewide
Overall Score	22.9 Favorable	38.8 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#5 of 332 metros	#15 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 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 Healthcare and Social Assistance 66.8 Retail Trade 71.6

Other Services in Other Arkansas Metros

Fort Smith 44.7 #112/332 Fayetteville-Springdale-Rogers 48.5 #142/332

Other Services Metros With Similar Conditions

Metros within 5 points of Hot Springs's 22.9 score. Useful when comparing markets with comparable entry profiles.

Huntsville, AL 23.1 #6/332 Greenville, NC 23.3 #7/332 Logan, UT 21.5 #4/332 Racine-Mount Pleasant, WI 24.4 #8/332 Columbus, IN 24.5 #9/332 Norwich-New London-Willimantic, CT 21.2 #3/332 Sheboygan, WI 25.4 #10/332 Idaho Falls, ID 19.9 #2/332 Pocatello, ID 26.0 #11/332 Greenville-Anderson-Greer, SC 26.7 #12/332

Other Services in States Bordering Arkansas

State-level entry risk for other services in adjacent states. Use this to weigh cross-border options.

Mississippi 35.9 #8/51 Tennessee 40.5 #18/51 Oklahoma 40.6 #19/51 Louisiana 41.9 #21/51 Missouri 47.4 #33/51 Texas 50.1 #36/51

Browse Other Services in Other States

State-level entry risk reports for other services 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 other services sector, the industry concentration component (41.6) 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