NAICS 54

Professional, Scientific, and Technical Services in Hot Springs, AR

Metro Market Score 35.5 (Moderate), ranked #60 of 261 metros. 253 establishments, 1,007 jobs.

Metro Market Score 35.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national professional, scientific, and technical services average.

At #60 of 261 metros, Hot Springs's professional, scientific, and technical services sector scores 35.5 on the market index. Concentration (21.1), wage levels (6.1), and growth (38.3) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

21.1

LQ: 0.38

Rank #55 of 261 metros

Wage Competitiveness

6.1

$63,199 avg wage

Growth Trend

↓ 38.3

Employment growth index

Rank #162 of 261 metros

Wage Pressure

50.9

YoY wage change index

253 Professional, Scientific, and Technical Services Firms in Hot Springs

253

Establishments

-1.6% YoY

1,007

Total Employment

-0.1% YoY

$63,199

Average Annual Wage

+9.2% YoY

0.38

Location Quotient

Below national avg

Within Arkansas

#2 of 5

professional, scientific, and technical services metros in state

Arkansas state rank

#18 of 51

for professional, scientific, and technical services entry risk

vs State Median

-9.7

better than median (45.2)

Hot Springs vs Arkansas Statewide

How this metro's professional, scientific, and technical services market compares to Arkansas overall. The state ranks #18/51 for entry risk.

Measure	Hot Springs	AR Statewide
Overall Score	35.5 Moderate	37.3 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#60 of 261 metros	#18 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 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

Professional, Scientific, and Technical Services in Other Arkansas Metros

Jonesboro 16.1 #5/261 Fayetteville-Springdale-Rogers 45.2 #115/261 Fort Smith 46.0 #117/261 Little Rock-North Little Rock-Conway 50.3 #145/261

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Hot Springs's 35.5 score. Useful when comparing markets with comparable entry profiles.

Kokomo, IN 35.5 #61/261 Gadsden, AL 35.5 #62/261 Panama City-Panama City Beach, FL 35.4 #59/261 Houma-Bayou Cane-Thibodaux, LA 35.7 #63/261 Odessa, TX 35.7 #64/261 Racine-Mount Pleasant, WI 35.2 #58/261 Salem, OR 35.1 #57/261 Oshkosh-Neenah, WI 36.1 #65/261 Manhattan, KS 34.8 #56/261 Homosassa Springs, FL 36.2 #66/261

Professional, Scientific, and Technical Services in States Bordering Arkansas

State-level entry risk for professional, scientific, and technical services in adjacent states. Use this to weigh cross-border options.

Mississippi 33.4 #5/51 Louisiana 36.4 #15/51 Tennessee 39.4 #25/51 Texas 42.2 #30/51 Oklahoma 45.4 #43/51 Missouri 45.5 #45/51

Browse Professional, Scientific, and Technical Services in Other States

State-level entry risk reports for professional, scientific, and technical 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 professional, scientific, and technical services sector, the employment growth component (61.7) 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