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Hot Spring County, Arkansas Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Hot Spring County, Arkansas need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Arkansas

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.07 6.95 5.10 7.08 0.00 6.70
  Total Electric Industry 8.07 6.95 5.10 7.08 0.00 6.70
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.10 6.95 5.05 6.83 0.00 6.69
  Total Electric Industry 8.10 6.95 5.05 6.83 0.00 6.69
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.28 7.11 5.02 6.77 0.00 6.71
  Total Electric Industry 8.28 7.11 5.02 6.77 0.00 6.71
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.27 7.04 4.85 6.93 0.00 6.62
  Total Electric Industry 8.27 7.04 4.85 6.93 0.00 6.62
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.07 6.88 4.60 6.46 0.00 6.35
  Total Electric Industry 8.07 6.88 4.60 6.46 0.00 6.35
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.98 6.83 4.51 6.65 0.00 6.27
  Total Electric Industry 7.98 6.83 4.51 6.65 0.00 6.27
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.74 4.47 6.58 0.00 6.15
  Total Electric Industry 7.77 6.74 4.47 6.58 0.00 6.15
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.80 6.78 4.45 6.61 0.00 6.15
  Total Electric Industry 7.80 6.78 4.45 6.61 0.00 6.15
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.51 5.90 4.16 5.98 0.00 5.78
  Total Electric Industry 7.51 5.90 4.16 5.98 0.00 5.78
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.43 5.82 4.12 6.26 0.00 5.68
  Total Electric Industry 7.43 5.82 4.12 6.26 0.00 5.68
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.45 5.93 4.20 6.39 0.00 5.77
  Total Electric Industry 7.45 5.93 4.20 6.39 0.00 5.77
2001              
  Full-Service Providers 7.72 6.19 4.43 6.91 0.00 6.05
  Total Electric Industry 7.72 6.19 4.43 6.91 0.00 6.05
2002              
  Full-Service Providers 7.25 5.68 4.01 6.52 0.00 5.61
  Total Electric Industry 7.25 5.68 4.01 6.52 0.00 5.61
2003              
  Full-Service Providers 7.24 5.54 4.04 0.00 0.00 5.57
  Total Electric Industry 7.24 5.54 4.04 0.00 0.00 5.57
2004              
  Full-Service Providers 7.36 5.64 4.16 0.00 0.00 5.67
  Total Electric Industry 7.36 5.64 4.16 0.00 0.00 5.67
2005              
  Full-Service Providers 8.00 6.18 4.74 0.00 0.00 6.30
  Total Electric Industry 8.00 6.18 4.74 0.00 0.00 6.30
2006              
  Full-Service Providers 8.85 6.96 5.24 0.00 0.00 6.99
  Total Electric Industry 8.85 6.96 5.24 0.00 0.00 6.99

(updated 2006)



Time Leaving to Work in Hot Spring County, Arkansas

12:00 A.M. TO 4:59 A.M.   : 562   (4.3%)
5:00 A.M. TO 5:29 A.M.   : 575   (4.4%)
5:30 A.M. TO 5:59 A.M.   : 939   (7.2%)
6:00 A.M. TO 6:29 A.M.   : 1,583   (12.2%)
6:30 A.M. TO 6:59 A.M.   : 1,523   (11.7%)
7:00 A.M. TO 7:29 A.M.   : 1,974   (15.2%)
7:30 A.M. TO 7:59 A.M.   : 2,242   (17.2%)
8:00 A.M. TO 8:29 A.M.   : 827   (6.4%)
8:30 A.M. TO 8:59 A.M.   : 302   (2.3%)
9:00 A.M. TO 9:59 A.M.   : 324   (2.5%)
10:00 A.M. TO 10:59 A.M.   : 187   (1.4%)
11:00 A.M. TO 11:59 A.M.   : 82   (0.6%)
12:00 P.M. TO 3:59 P.M.   : 891   (6.9%)
4:00 P.M. TO 11:59 P.M.   : 987   (7.6%)


(updated 2010)



Household Size By Vehicles Available
(Hot Spring County, Arkansas)

1-person household:

No vehicle available : 280

1 vehicle available : 1,978

2 vehicles available : 538

3 vehicles available : 94

4 or more vehicles available : 38

2-person household:

No vehicle available : 355

1 vehicle available : 879

2 vehicles available : 2,468

3 vehicles available : 1,036

4 or more vehicles available : 250

3-person household:

No vehicle available : 54

1 vehicle available : 350

2 vehicles available : 624

3 vehicles available : 545

4 or more vehicles available : 182

4-or-more-person household:

No vehicle available : 7

1 vehicle available : 380

2 vehicles available : 861

3 vehicles available : 737

4 or more vehicles available : 655


(updated 2013)



Household Size By Number Of Workers In Household
(Hot Spring County, Arkansas)

1-person household:

No workers : 1,768

1 worker : 1,160

2-person household:

No workers : 2,010

1 worker : 1,873

2 workers : 1,105

3-person household:

No workers : 185

1 worker : 492

2 workers : 789

3 workers : 289

4-or-more-person household:

No workers : 361

1 worker : 452

2 workers : 1,422

3 or more workers : 405


(updated 2013)



Travel Time To Work
(Hot Spring County, Arkansas)

Less than 5 minutes : 249

5 to 9 minutes : 1,756

10 to 14 minutes : 1,657

15 to 19 minutes : 1,660

20 to 24 minutes : 1,182

25 to 29 minutes : 731

30 to 34 minutes : 2,236

35 to 39 minutes : 547

40 to 44 minutes : 738

45 to 59 minutes : 1,143

60 to 89 minutes : 697

90 or more minutes : 306


(updated 2013)



Occupations in Hot Spring County, Arkansas

Male:


  • Management, Professional, And Related Occupations: 1,305  (17.7%)
  • Service Occupations: 698  (9.5%)
  • Sales And Office Occupations: 975  (13.2%)
  • Farming, Fishing, And Forestry Occupations 199  (2.7%)
  • Construction, Extraction, And Maintenance Occupations: 1,847  (25.1%)

Female:


  • Management, Professional, And Related Occupations: 1,808  (29.6%)
  • Service Occupations: 1,440  (23.5%)
  • Sales And Office Occupations: 2,043  (33.4%)
  • Farming, Fishing, And Forestry Occupations 20  (0.3%)
  • Construction, Extraction, And Maintenance Occupations: 49  (0.8%)


(updated 2010)





Amtrak Stations in Hot Spring County, Arkansas

Rail Station(s)


    200 East First St.
    Malvern, Arkansas 72104

    200 East First St.
    Malvern, Arkansas 72104

(updated 2008)



Employment Rate In Hot Spring County, Arkansas

Employed: 14,746
Unemployed: 819



Minority Owned Firms of 100 or More in
Hot Spring County, Arkansas

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 34.6%
  • Other: 65.4%



Water Usage In Hot Spring County, Arkansas

Ground Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d
 

Surface Water

 
Fresh 414.34 Mgal/d
Saline 0.00 Mgal/d

Total 414.34 Mgal/d





There are 705 Farms In Hot Spring County, Arkansas


(updated 2008)



Banks In Hot Spring County, Arkansas

The Malvern National Bank - 5 Branches


    Bank Assets: $2.3m
    Industry Specialization: Commercial Lending
    Total Offices: 12

Farmers Bank & Trust Company - 2 Branches


    Bank Assets: $1.7m
    Industry Specialization: Commercial Lending
    Total Offices: 17

Southern Bancorp Bank - 2 Branches


    Bank Assets: $2.2m
    Industry Specialization: Commercial Lending
    Total Offices: 39

Bank Of The Ozarks - 2 Branches


    Bank Assets: $12.5m
    Industry Specialization: Commercial Lending
    Total Offices: 160

U.s. Bank National Association - 2 Branches


    Bank Assets: $768.3m
    Industry Specialization: Commercial Lending
    Total Offices: 3,238

(updated 2014)







Airports Near Hot Spring County, Arkansas

  • Memorial Field


    (about 15.2 miles in Hot Springs, Arkansas; Airport Code: HOT)

  • Adams Field


    (about 46.2 miles in Little Rock, Arkansas; Airport Code: LIT)

  • Bill and Hillary Clinton Nat Adams Field


    (about 46.6 miles in College Station, Arkansas; Airport Code: LIT)

  • North Little Rock Municipal


    (about 49.9 miles in North Little Rock, Arkansas; Airport Code: JZV)

  • Harrell Field


    (about 50.3 miles in Camden, Arkansas; Airport Code: CDH)

  • Petit Jean Park


    (about 55.3 miles in Adona, Arkansas; Airport Code: MPJ)

  • Grider Field


    (about 55.7 miles in Pine Bluff, Arkansas; Airport Code: PBF)

  • Dennis F Cantrell Field


    (about 57.8 miles in Conway, Arkansas; Airport Code: AR2)

  • Little Rock AFB


    (about 58.3 miles in Gravel Ridge, Arkansas; Airport Code: LRF)

  • Russellville Regional


    (about 65.1 miles in Russellville, Arkansas; Airport Code: AR1)

  • Mena Intermountain Municipal


    (about 76.1 miles in Mena, Arkansas; Airport Code: XXX)

  • Intermountain Regional


    (about 76.4 miles in Mena, Arkansas; Airport Code: XXX)

  • Stuttgart Municipal


    (about 77.2 miles in Ulm, Arkansas; Airport Code: SGT)

  • South Arkansas Regional at Goodwin Field


    (about 77.3 miles in Smackover, Arkansas; Airport Code: ELD)

  • Goodwin Field


    (about 77.3 miles in Smackover, Arkansas; Airport Code: ELD)

  • El Dorado Airport


    (about 77.3 miles in Smackover, Arkansas; Airport Code: ELD)

  • Texarkana Regional-Webb Field


    (about 87.6 miles in Texarkana, Arkansas; Airport Code: TXK)

  • Texarkana Muni/Webb Field


    (about 87.6 miles in Texarkana, Arkansas; Airport Code: TXK)

  • Searcy Municipal


    (about 89.5 miles in Searcy, Arkansas; Airport Code: SRC)


(updated 2015)



Modes of Transportation in Hot Spring County, Arkansas

Car, Truck, Or Van:

 

Drove Alone

81.10%

Carpooled

14.15%

Public Transportation:

 

Bus Or Trolley Bus

0.20%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.20%

Bicycle

0.05%

Walked

1.11%

Other Means

1.05%

Worked At Home

2.14%



(updated 2010)





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