Conway by the Numbers 2025

(Provided)

A Growing Community

In 2023, Conway was the 45th fastest growing city in the U.S. It’s also one of the most well-educated. Here’s a look at what makes Conway such a great place to live.

94% — Population with a high school diploma

41% — Population with a bachelor’s degree or higher

$58,461 — Median household income

769,258 — Little Rock/North Little Rock/Conway metro population

$270,000 — Median home price

62% — Faulkner County homeownership rate

129,951 — Faulkner county population

69,580 — Conway population

29.6 — Median age

26,717 — Households in Conway

35,454 — Conway residents employed

Cost of Living

A low cost of living is important to retaining a high quality of life for current residents. It is also important to attract new businesses and residents. Moving into this region from an area with a higher cost of living means that new residents will have more disposable income, increasing their overall quality of life.

Migration into Conway from Other States, 2021 – 2022

Rank	State	Inbound Migrations
1	Texas	480
2	Oklahoma	170
3	California	157
4	Louisiana	136
5	Florida	115
6	Missouri	102
7	Colorado	88
8	Mississippi	79
9	Arizona	78
10	Georgia	70
11	Washington	63
12	Tennessee	63
13	Wisconsin	61
14	Illinois	59
15	Indiana	54
16	Kansas	43
17	Nebraska	40
18	Virginia	36
19	Alabama	35
20	Pennsylvania	33
21	Hawaii	32
22	North Carolina	28
23	Ohio	28
24	Minnesota	22
25	West Virginia	21
26	New York	19
27	Michigan	19
28	New Hampshire	16
29	Kentucky	14
30	Wyoming	14
31	Oregon	14
32	Utah	12
33	Iowa	11
34	South Carolina	11
35	Nevada	11
36	New Jersey	9
37	Maryland	9
38	New Mexico	9
39	Idaho	9
40	Alaska	7
41	Montana	6
42	Massachusetts	5
43	Connecticut	4
44	Maine	4
45	South Dakota	3
46	North Dakota	3
47	Delaware	2
48	District of Columbia	1
49	Vermont	1
50	Rhode Island	0

Total Sales Growth

2020-2024, total sales volume in city and county
(2024 sales estimates: Conway, $2.25 billion; Faulkner County, $3.08 billion)

(Source: Arkansas Department of Finance and Administration)

Property Taxes

Median Property Taxes
(5 year estimate)

Area	Property Taxes
Faulkner County	$1,145
Washington County	$1,399
Edmond, OK	$1,923
Murfreesboro, TN	$1,654
San Marcos, TX	$6,198
Ames, IA	$3,453

(Source: The Tax Foundation)

Industry

Top City of Conway Industries

Industry	2024 Jobs
Education and Health Services	9,570
Trade, Transportation, and Utilities	9,058
Government	7,667
Leisure and Hospitality	6,209
Professional and Business Services	4,989
Construction	4,732
Manufacturing	3,472
Other Services	3,181
Information	1,517
Financial Activities	1,981

(Source: U.S. Census Bureau)

Top Industry Earnings

Industry	Avg. Earnings Per Job
Information	$129,444
Manufacturing	$73,462
Financial Activities	$71,146
Construction	$66,057
Professional and Business Services	$64,180
Government	$60,974
Education and Health Services	$58,525
Trade, Transportation, and Utilities	$50,342
Other Services	$35,024
Leisure and Hospitality	$23,866

(Source: DataUSA)

Faulkner County Top Industry Projections, 2025-2034

Industry	2024 Jobs	2034 Jobs	2024–2034 Change	% Change
Education and Health Services	9,570	10,864	1,294	14%
Trade, Transportation, and Utilities	9,058	9,571	513	6%
Government	7,667	7,811	144	2%
Leisure and Hospitality	6,209	6,672	463	7%
Professional and Business Services	4,989	5,568	579	12%
Construction	4,732	5,198	465	10%
Manufacturing	3,472	4,017	545	16%
Other Services	3,181	3,766	585	18%
Financial Activities	1,981	2,129	147	7%
Information	1,517	1,981	464	31%

(Source: DataUSA)

Gross Regional Product (GRP)

GRP = Earnings + Property Income + Taxes – Subsidies | Total $5.8 billion

Industry	GRP
Trade, Transportation, and Utilities	$1,010,262,639
Education and Health Services	$671,511,676
Information	$620,851,313
Government	$523,656,997
Construction	$499,650,885
Professional and Business Services	$492,624,172
Financial Activities	$492,467,091
Manufacturing	$402,460,444
Leisure and Hospitality	$234,050,708
Other Services	$160,019,310
Natural Resources and Mining	$95,382,181