Average Salary in Siloam Springs, Arkansas
$53000
$50000
2.6%
What is the Average Salary in Siloam Springs, Arkansas?
The average salary in Siloam Springs, Arkansas is $53000 per year. Entry-level positions start at $41000, mid-career professionals earn around $53000, and senior-level employees make $68000. The median household income is $50000.
Quick Salary Overview for Siloam Springs
| Average Salary: | $53000 |
| Entry-Level: | $41000 |
| Mid-Career: | $53000 |
| Senior-Level: | $68000 |
| Median Household Income: | $50000 |
How Siloam Springs Stacks Up
Average Salary
$53000
Competitive for Arkansas markets
Adjusted Value
$51961
After cost of living adjustment
Home Prices
$400000
Median home value
Job Growth
2.6%
Annual employment expansion
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Understanding the Salary Landscape in Siloam Springs, Arkansas
If you’re considering a career move to Siloam Springs, understanding the local salary landscape is crucial for making informed decisions. With a population of 17500 and an average salary of $53000, Siloam Springs offers competitive compensation across various industries.
The median household income in Siloam Springs stands at $50000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 102, the real purchasing power translates to approximately $51961 annually.
Salary Breakdown by Experience Level in Siloam Springs
Career progression in Siloam Springs 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 $53000 and senior-level employees commanding salaries around $68000. For comparison with neighboring states, check out average salaries in Alabama or salaries in Oklahoma.
Top Industries and Employers in Siloam Springs
Siloam Springs has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Food Processing
The Food Processing sector offers the most competitive salaries in Siloam Springs, attracting top talent and driving economic growth in Arkansas.
Major Industries in Siloam Springs:
Food Processing, Manufacturing, Education
Major Employers Hiring in Siloam Springs
Some of the largest employers in Siloam Springs include: Simmons Foods (2053), Cobb-Vantress (2000), McKee Foods (1500), Gates Corporation (750), John Brown University (699). These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.6%.
Cost of Living in Siloam Springs: What Your Salary Can Buy
Understanding how far your salary goes in Siloam Springs requires analyzing the local cost of living. With a cost of living index of 102 (where 100 is the national average), Siloam Springs offers good value for money in Arkansas.
Housing
$400000
$1650/month
115
Transportation
106
Groceries
108
Healthcare
100
Monthly Living Costs
$2415
$5270
With housing costs representing a housing index of 115 and an average monthly rent of $1650, Siloam Springs provides affordable living options. The median home price of $400000 and estimated monthly necessities of $2415 for a single person or $5270 for a family should be factored into your financial planning.
Job Market and Employment Trends in Siloam Springs
The job market in Siloam Springs shows promising signs with a job growth rate of 2.6% and an unemployment rate of 4.2%. 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
Siloam Springs 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 Siloam Springs
- š° The average salary in Siloam Springs is $53000, with median household income at $50000
- š When adjusted for cost of living (102), salaries have approximately $51961 in purchasing power
- šÆ Food Processing is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like Simmons Foods (2053), Cobb-Vantress (2000), McKee Foods (1500), Gates Corporation (750), John Brown University (699) provide stable career opportunities
- š The city shows 2.6% job growth with 4.2% unemployment rate
- š Housing costs include median home prices at $400000 and average rent at $1650
- šµ Monthly living costs: $2415 (single) | $5270 (family)
- š 38.5% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Siloam Springs the Right Career Move?
Siloam Springs offers a compelling combination of competitive salaries, growing job opportunities, and Arkansas’s affordable lifestyle. With an average salary of $53000 and a cost of living index of 102, professionals can enjoy a comfortable standard of living while building their careers.
The city’s 2.6% job growth rate and 4.2% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Food Processing, Manufacturing, Education.
Whether you’re an entry-level professional earning around $41000 or a senior executive commanding $68000, Siloam Springs provides the economic foundation for career growth and financial stability in Arkansas.
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