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Economic Development

Alma Arkansas is located in the beautiful foothills of the Ozark Mountains, along the Arkansas river with Interstate 40 and 49 crossing the city limits.

 

Alma is only minutes from Fort Smith and Fayetteville, Arkansas. It provides residential living in a relaxed environment and maintains the natural beauty of the area. Shopping is made easy at Alma offering a variety of stores and still only minutes from Historical Downtown Van Buren, Central Mall in Fort Smith and Northwest Arkansas Mall in Fayetteville.


Demographics

Alma, AR Population: 5,312
  • Average Age: 39.5
  • Median Household Income: $42,481
  • Growth Rate: 6.8%

 


Daytime Population

19,987 (Based on Trade Area)

 


GAP Analysis

$46,409,252 (Based on Trade Area)

 

The Gap Analysis is a summary of the primary spending Gaps segmented by retail category.

It measures actual consumer expenditures within the City’s trade area and compares it to the potential retail revenue generated by retailers in the same area. The difference between the two numbers reflects leakages, or the degree to which consumers travel outside the community for certain retail goods and services. The Gap analysis is a useful tool to gauge retail supply and demand within the community.