Overall
Arkansas, population 2.8 million in 2006, is one of the most popular retirement destinations for baby boomers because of its mild climate, beautiful scenery, and low cost of living. Many retire in Arkansas - the Natural state - because they have heard of the many active adult communities that cater to the over 55 crowd.
The northwest part of the state near Fayetteville is one of the fastest growing regions in the U.S. The Wikipedia entry for Arkansas has more interesting facts, including further tax details.
Arkansas Climate
The Arkansas climate is humid-sub tropical, strongly influenced by the Gulf of Mexico. Summers are hot and humid with frequent thunderstorms and occasional tornados. Winters are milder in the south.
Economy in Arkansas
Arkansas has one of the lowest per capita incomes - $25,725. Median home prices are much less expensive than in the rest of the U.S. The median home in the Lafayette / Rogers / Springdale area sells for $168,400 vs. the national median of $220,000; the cost of living index there is 85 (national index is 100). In Hot Springs the median home goes for $114,000 and the cost of living index is 81.
Arkansas Taxes
Arkansas has a 7% income tax on a top bracket that starts at $28,500. State sales tax is 5.13%. Total tax burden in Little Rock is about average, 8.1% compared to the median rate for large U.S. cities.
Best retirement communities in Arkansas
Arkansas has many towns that are great as a retirement location; it is also has some of the largest and most successful planned retirement communities. One of the best places to retire in Arkansas is the college town of Fayetteville, home of the exciting University of Arkansas.
Other great retirement communities are near Hot Springs, including the extremely large and popular Hot Springs Village. Bentonville, the home of Walmart, is a fast growing and interesting town. Hardy is a smaller town worth exploring. The state has many lakes as well as the Ozarks, a reason why it is a top retirement destination.
Pinebluff, Texarcana, Eufala Springs, and Fort Smith are just some of the other popular retirement communities in Arkansas.
Certified Retirement Communities
Arkansas does not have a certified retirement community program.
At Topretirements.com our reason for being is to provide the practical facts and peer-reviewed profiles to help you choose the right retirement community. So if you are considering an
Arkansas retirement, check out the more than 200 listings on this site. Here is more inside information on retirement living communities in the neighboring states to help you retire in Louisiana, Oklahoma, Texas, Tennessee, Alabama,
and Mississippi. These links provide insight and data into economic conditions, climate, top communities, and taxes.
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