Average Salary in Conway, Arkansas
$52000
$49000
2.8%
What is the Average Salary in Conway, Arkansas?
The average salary in Conway, Arkansas is $52000 per year. Entry-level positions start at $40000, mid-career professionals earn around $52000, and senior-level employees make $67000. The median household income is $49000.
Quick Salary Overview for Conway
| Average Salary: | $52000 |
| Entry-Level: | $40000 |
| Mid-Career: | $52000 |
| Senior-Level: | $67000 |
| Median Household Income: | $49000 |
How Conway Stacks Up
Average Salary
$52000
Competitive for Arkansas markets
Adjusted Value
$54737
After cost of living adjustment
Home Prices
$285000
Median home value
Job Growth
2.8%
Annual employment expansion
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Understanding the Salary Landscape in Conway, Arkansas
If you’re considering a career move to Conway, understanding the local salary landscape is crucial for making informed decisions. With a population of 65000 and an average salary of $52000, Conway offers competitive compensation across various industries.
The median household income in Conway stands at $49000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 95, the real purchasing power translates to approximately $54737 annually.
Salary Breakdown by Experience Level in Conway
Career progression in Conway shows clear salary advancement opportunities across different experience levels:
The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $52000 and senior-level employees commanding salaries around $67000. For comparison with neighboring states, check out average salaries in Alabama or salaries in Oklahoma.
Top Industries and Employers in Conway
Conway has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Education
The Education sector offers the most competitive salaries in Conway, attracting top talent and driving economic growth in Arkansas.
Major Industries in Conway:
Education, Healthcare, Manufacturing
Major Employers Hiring in Conway
Some of the largest employers in Conway include: University of Central Arkansas, Acxiom, Conway Regional. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.8%.
Cost of Living in Conway: What Your Salary Can Buy
Understanding how far your salary goes in Conway requires analyzing the local cost of living. With a cost of living index of 95 (where 100 is the national average), Conway offers good value for money in Arkansas.
Housing
$285000
$1350/month
102
Transportation
102
Groceries
105
Healthcare
96
Monthly Living Costs
$2245
$4890
With housing costs representing a housing index of 102 and an average monthly rent of $1350, Conway provides affordable living options. The median home price of $285000 and estimated monthly necessities of $2245 for a single person or $4890 for a family should be factored into your financial planning.
Job Market and Employment Trends in Conway
The job market in Conway shows promising signs with a job growth rate of 2.8% and an unemployment rate of 4.1%. This indicates a healthy economy with expanding opportunities for job seekers across Arkansas.
For professionals exploring opportunities across the state, our comprehensive Arkansas salary guide provides detailed comparisons to help you identify the best locations for your career growth.
Demographics and Workforce Profile
Conway has a median age of 32.5 years, with 38.5% of the population holding a college degree. This educated workforce contributes to the city’s competitive salary landscape and attracts employers seeking skilled talent. For similar regional opportunities, explore salary data in Tennessee.
Key Takeaways About Salaries in Conway
- š° The average salary in Conway is $52000, with median household income at $49000
- š When adjusted for cost of living (95), salaries have approximately $54737 in purchasing power
- šÆ Education is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like University of Central Arkansas, Acxiom, Conway Regional provide stable career opportunities
- š The city shows 2.8% job growth with 4.1% unemployment rate
- š Housing costs include median home prices at $285000 and average rent at $1350
- šµ Monthly living costs: $2245 (single) | $4890 (family)
- š 38.5% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Conway the Right Career Move?
Conway offers a compelling combination of competitive salaries, growing job opportunities, and Arkansas’s affordable lifestyle. With an average salary of $52000 and a cost of living index of 95, professionals can enjoy a comfortable standard of living while building their careers.
The city’s 2.8% job growth rate and 4.1% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Education, Healthcare, Manufacturing.
Whether you’re an entry-level professional earning around $40000 or a senior executive commanding $67000, Conway provides the economic foundation for career growth and financial stability in Arkansas.
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