🌟 Exploring the Economic Climate of Horseshoe Bend, AR 🌟

Introduction

Welcome to Horseshoe Bend, Arkansas! 🌳 Nestled in the beautiful Ozarks, this charming community is brimming with potential and unique characteristics that make it a great place to live, work, and invest. Let's dive into the economic climate of our beloved town! 🏡

Demographics 📊

• Population: 2,543 residents as of the latest census data 👫

• Median Age: 53.1 years 🎂

• Ethnic Composition: Predominantly White (85.6%), followed by Two or More Races (10%), and Hispanic (2.6%) 🌍

Income and Employment 💼

• Median Household Income: $35,243 per year 💵

• Average Household Income: $49,371 per year 💰

Employment Statistics:

• Unemployment Rate: 6.0% as of the latest data 📉

• White-Collar vs. Blue-Collar Workers: 50.9% white-collar and 49.1% blue-collar 👔👷

• Key Industries: Health care (14.4%), Accommodation & food services (14.4%), and Real estate & rental & leasing (10.7%) 🏥🍴🏡

Housing Market 🏠

• Median Home List Price: $199,900 as of September 2023, with a significant increase from the previous month 📈

• Median Property Value: $103,200 in 2022 🏡

• Homeownership Rate: 79.7% 🏘️

• Median Gross Rent: $599 in 2022 🏠

Cost of Living 💲

• Cost of Living Index: 77.9 (U.S. average is 100), indicating a lower cost of living compared to the national average 🏷️

Economic Growth and Job Market 🚀

• Recent Job Market Trends: A decrease of -8.5% over the last year, with future job growth predicted at 16.9% over the next ten years, which is lower than the U.S. average of 33.5% 📉

• Sales Tax Rate: 9.0% (combined state, county, and city rates) 💸

Poverty Statistics 📉

• Percentage of Residents Living in Poverty: 24.9% in 2022 😞

• Poverty Breakdown by Race:

  • 18.1% for White Non-Hispanic residents

  • 11.3% for Hispanic or Latino residents

  • 100% for American Indian residents 🌍

Transportation 🚗

• Common Means of Transportation: Most residents drive alone to work, with an average commute time of 24.3 minutes 🚘

• Car Ownership: Average of 2 cars per household 🚗🚗

Community and Business Environment 🤝

• Chamber of Commerce Initiatives: The HBCC supports local businesses through networking events, business development workshops, and community outreach programs 🌐

• Local Business Success Stories: COMING SOON: Feature testimonials and case studies of successful local businesses 📈

Future Outlook 🔮

• Population Projections: COMING SOON: Discuss expected population trends and their potential impact on the local economy 👥

• Upcoming Developments: COMING SOON: Information on any planned infrastructure projects, new businesses, or community initiatives 🏗️

Contact Information 📞

• HBCC Contact Details: For further inquiries and support, reach out to the Horseshoe Bend Chamber of Commerce 📬

Interactive Elements 🖼️

• Graphs and Charts: COMING SOON: Visual aids to represent data on income, employment, housing prices, and other economic indicators 📊

• Maps: COMING SOON: A map highlighting key areas of economic activity and development within Horseshoe Bend 🗺️

By following this layout, the HBCC can create a detailed and user-friendly webpage that effectively communicates the current economic climate of Horseshoe Bend, AR, providing valuable insights for residents, businesses, and potential investors. 🌟