Siloam Springs is a medium-sized city located in the state of Arkansas. With a population of 20,075 people and five associated neighborhoods, Siloam Springs is the 27th largest community in Arkansas. There's nothing like the smell of a brand new house, and in Siloam Springs, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Siloam Springs, and putting down their money on brand new construction. Siloam Springs’s real estate is, on average, some of the newest in the nation. Siloam Springs does seem to be experiencing an influx of affluent people, because the median household income is $72,065.00.
Siloam Springs real estate is some of the most expensive in Arkansas, although Siloam Springs house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Siloam Springs has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Siloam Springs telecommute to their jobs. Overall, about 7.38% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In terms of college education, Siloam Springs is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 27.49% of adults 25 and older in the city have at least a bachelor's degree.
The per capita income in Siloam Springs in 2022 was $29,327, which is upper middle income relative to Arkansas, and lower middle income relative to the rest of the US. This equates to an annual income of $117,308 for a family of four. However, Siloam Springs contains both very wealthy and poor people as well.
Siloam Springs is an extremely ethnically-diverse city. The people who call Siloam Springs home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Siloam Springs residents report their race to be White, followed by Asian. Siloam Springs also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 25.30% of the city’s residents. Important ancestries of people in Siloam Springs include English, Irish, German, Italian, and Scottish.
Siloam Springs also has a high percentage of its population that was born in another country: 15.20%.
The most common language spoken in Siloam Springs is English. Other important languages spoken here include Spanish and Polish.