This data is based on ZIP codes 28743, 28753, which covers Hot Springs and Marshall.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 28743, 28753 area shared across these towns.
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Hot Springs ZIP Area Economy · 2023
Wages +6% vs. avg. Madison Co. town
Hot Springs's ZIP area supports 1,795 jobs across 237 businesses, with workers earning an average of $46K per year, 6% above the Madison County average. The economy is well-diversified (0.90 index), led by construction and food & accommodation. 93.2% of businesses have fewer than 20 employees, and each business employs an average of 7.6 people. Jobs grew 1.3% from the prior year while business count grew 1.7%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Madison Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
237 businesses by employee count. 93.2% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
7.6
employees per business
County avg: 8.0-5%
$144K
payroll per resident
$345K
payroll per business
Hot Springs ZIP Area vs. Avg. Madison Co. Towni
All Industries in ZIP Areai
| Sector | Hot Springs ZIP | Avg. Madison Co. | Spec. |
|---|---|---|---|
| Construction | 37 | 33 | 0.9x |
| Food & Accommodation | 29 | 19 | 1.2x |
| Healthcare | 26 | 21 | 1.0x |
| Retail Trade | 25 | 22 | 0.9x |
| Other Services | 23 | 21 | 0.9x |
| Professional Services | 20 | 15 | 1.0x |
| Real Estate | 16 | 12 | 1.0x |
| Transportation | 10 | 5 | 1.6x |
| Manufacturing | 10 | 9 | 0.9x |
| Admin Services | 10 | 11 | 0.7x |
| Education | 5 | 3 | 1.3x |
| Information | 4 | 4 | 0.8x |
| Finance & Insurance | 4 | 5 | 0.6x |
| Wholesale Trade | 3 | 2 | 1.2x |
| Arts & Entertainment | 3 | 3 | 0.8x |