Retirement in Arkansas

Overview

 

Buying a new home in Arkansas may be a great option, even though you are retired. If you plan to settle down in another state, Arkansas is a good choice. You can have a home designed for you in any part of Arkansas as the cost of housing is dirt cheap. The retirement homes in Arkansas are a cut above the rest.

The mid-north to north-west section of Arkansas is an ideal place for you as you get all the urban facilities and enjoy the advantages of a leisure life. Arkansas has developed into one of the sought after retirement locations in the US, and a major hub of the retirement communities.
 

Arkansas - at a Glance

 

Population Climate State Income Tax State Sales Tax Median Home Price
2,673,400 Humid subtropical climate. Hot and humid summers and mild winters 7% 7% $ 145,000

Pros: Cost of living is relatively low with a reasonable real estate price. The city services are decent.

Cons: Lack of shopping areas in some parts of the state. Bugs and chiggers can be disturbing at times.

 

Cost of Living:

 

The above table shows the percentage fluctuations in expenditures incurred in Arkansas, as compared to the nation's average, which is taken as 100%.

 

Buying a home in Arkansas is one of the cheapest options. The costs of health care and groceries are much below the national average. Even the transportation cost is much less than many other states. You can afford a lavish lifestyle even if you live on your little savings.