Central Arkansas has long been the state’s hub for health care, education, finance and legal matters. It’s also home to key manufacturing, transportation and construction operations.

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GROWING COMMUNITY

CONWAY’S POPULATION GROWTH

2020 POPULATIONS
Conway: 64,134   
Faulkner County: 123,498
Little Rock-North Little Rock-Conway metro area: 748,031

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DIVERSE COMMUNITY

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YOUNG COMMUNITY

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AFFORDABILITY

Conway consistently ranks among the nation’s most inexpensive places to live, offering a low cost of living but a high quality of life.

30% Cheaper
Electricity and water rates compared to other cities in Arkansas

$825
Average cost of rent

$1,284
Median mortgage

$171,600
Value of housing units

$47,221
Median household income

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REAL ESTATE

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EDUCATED WORKFORCE

Known as the “City of Colleges,” Conway is home to three higher education institutions, all of which have been in the city since the late 1800s and produce graduates who stay in the area and enter the workforce. Nearly 40% of adults 25 and older have a bachelor’s degree or higher.

39.7%
25 or older possess a bachelor’s degree or higher (National Average: 33%)

94%
High school graduation rate (National Average: 84%)

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ECONOMY AT A GLANCE

A&P Tax collections have grown by more than $1.5 million since 2012.

Since 2012, restaurant sales tax collections have grown more than $1.6 million.

Restaurant sales tax collections made up the majority of the A&P collections in 2021, totaling more than
$4.7 million.

Collections rebounded in 2021 to $5.1 million after falling to $4.06 million in 2020

Retail sales in 2021 totaled $1.88 billion.