Retirement is an exciting time when you can finally take a break from the hustle and bustle of everyday life. But it’s also essential to make sure you are settling down somewhere that suits your unique needs. If you’re looking for serenity and retirement relaxation, Arkansas may be the perfect place to call home. Nicknamed ”The Natural State,” Arkansas offers beautiful landscapes, friendly people, various activity options, and thriving senior communities.
This blog will highlight some of the best retirement communities in Arkansas. We will also showcase the upsides and downsides of retiring in Arkansas and how much it may cost. So, read on if you want to make an informed decision on your next home!
Is Arkansas a good place to retire?
Arkansas has several positive aspects that may make it an attractive option for retirees. The state has a laid-back atmosphere, plenty of outdoor recreational opportunities, and a relatively low cost of living. However, like every other state, Arkansas has some drawbacks too. The chart below shows some pros and cons of retiring in Arkansas.
Around 9% lower cost of living compared to the national average.
The economy is largely dependent on agriculture and manufacturing, so it could make finding work for supplemental income a bit tricky.
Relatively tax-friendly for retirees with zero taxes on Social Security and 6.5% sales taxes.
Has a high property tax rate of $572 per $100,000 of assessed home value.
One of the most naturally beautiful states with plenty of outdoor recreational opportunities.
The public transportation system is not very developed and may require own vehicle to get around.
Has a rich cultural heritage and is home to several historic sites, museums, festivals, and culinary traditions.
Unpredictable weather with periods of extreme heat during summer months followed by bitter cold during winter months.
Has a well-developed healthcare system, with several hospitals and senior care facilities located throughout the state.
Some areas of Arkansas are isolated, with a pretty high crime rate and lack access to modern amenities.
What is the cost of retirement in Arkansas?
The cost of retirement in Arkansas will vary depending on your individual lifestyle. But generally speaking, to retire in The Natural State, one should have around $893,051 in savings, according to the US Today reports. It is the second lowest retirement cost in the country. When planning for retirement, it’s important to calculate how much money you’ll need each month based on your current lifestyle and projected healthcare costs. Some people also choose to purchase long-term care insurance or annuities as part of their retirement plan.
In addition, research any state programs for senior citizens that might help with specific expenses. For example, housing assistance programs, property tax relief programs, veterans’ assistance, prescription drug discounts, or meal delivery services. Doing could reduce out-of-pocket costs when entering retirement and make saving easier down the road.
Best retirement communities in Arkansas
Arkansas is home to many scenic and peaceful retirement locations, with plenty of activities for retirees. They also have several excellent retirement communities with top-notch care and amenities. Below are some of the best 55+ communities in Arkansas.
Location: 2803 Albert Pike Rd, Hot Springs, AR 71913, United States.
Available services: Independent living, assisted living, and memory care.
The Atrium at Serenity Pointe is a beautiful lodge-style retirement community in Hot Springs, Arkansas. The facility is conveniently located near the best hospitals, shopping centers, and food spots. It offers independent living, assisted living, and memory care services to its residents, along with housekeeping, transportation, and recreational activity options. Additionally, the Atrium at Serenity Pointe provides chef-prepared nutritious meal plans, and their compassionate staff go extra mile to provide the best care possible. All in all, it is one of the premium retirement communities in the state.
Location: 1923 E Joyce Blvd, Fayetteville, AR 72703, United States.
Available services: Independent living and assisted living.
Butterfield Trial Village is another great option for retirement living in Arkansas. Located in Fayetteville, the community offers multiple living arrangements in its huge 44-acre campus, including apartments, cottages, and village homes. Besides, Butterfield Trail Village has an on-site healthcare center, heated pool, library, tranquil gardens for seniors with a green thumb, game rooms, and many other amenities. In addition, the facility takes pride in their trained staff who provide round-the-clock supervision and assistance. With its wide selection of housing options and great range of activities, it’s no wonder Butterfield Trail Village is one of the most popular retirement communities in Arkansas!
3. The Arbors Independent Living Community
Location: 697 Bradley Cove Rd, Russellville, AR 72802, United States.
Available services: Independent living.
The Arbors Senior Living Community is one of the top-rated 55+ communities in Arkansas. It is a resort-style luxury community with a state of amenities and services. The facility offers restaurant-style dining, spacious rooms, social gathering areas, religious service rooms, outdoor courtyards, and a fitness center. Arbors’ experienced staff are passionate about delivering superior service that meets our resident’s individual needs. The community will be an ideal place for older adults seeking an active lifestyle without compromising on comfort or convenience.
4. Country Club Village Retirement Community
Location: 1925 Malvern Ave, Hot Springs, AR 71901, United States.
Available services: Independent living.
Country Club Village Retirement Community is another premier retirement community in Hot Springs, AR. The facility has a 28-acre campus, offering six different floor plans with prices starting at $2,200. It is an independent living community with all the modern amenities and recreational options. In addition, Country Club offers short-term stay or respite care services. The community is just minutes away from the shopping centers, hospitals, parks, and local attractions. It also has many on-site features, such as all-day dining, weekly housekeeping, a beauty salon, and a packed activity calendar with exercise classes, movie nights, day trips, etc.
Location: 4727 Boone Rd, Bryant, AR 72022, United States.
Available services: Independent living and assisted living.
The Manor Senior Living has two different campuses in Arkansas, one in Bryant and the other in Little Rock. Residents at The Manor enjoy spacious accommodations, country club-style dining, concierge services, serene courtyards, transportation services, and many other amenities. The community also offers assisted living services, where they help residents with activities of daily living. Besides, an array of activities are offered, ranging from educational seminars to fitness classes to weekly trivia nights. It is an ideal place for enjoying your retirement years close to nature while socializing with like-minded individuals.
6. Brookdale Chenal Heights
Location: 1 Chenal Heights Dr, Little Rock, AR 72223, United States.
Available services: Independent living, assisted living, skilled nursing, and memory care.
Brookdale Chenal Heights is a top-notch 55+ community located in the heart of Arkansas. The community is thoughtfully designed to allow older adults with memory impairments maintain their independence. They are technologically advanced too. They have easy-to-use touch-screen computers with picture-screen prompts, advanced security cameras, and many other features to provide a safe, secure environment for its residents. Brookdale Chenal Heights always emphasizes on staying socially active and practicing hobbies by offering an array of educational and wellness programs. It offers cooking classes, book clubs, Yoga and Tai Chi sessions, local community events, arts & crafts classes, and similar activities and events.
With so many great options to choose from, you’re sure to find a retirement community in Arkansas that suits your needs. Whether you’re looking for a quiet and tranquil setting or an active and social environment, there’s an option for everyone. However, we recommend considering the pros and cons of retiring in Arkansas highlighted in this article, before making the final move.
We hope our list has helped you narrow down your search. If not, don’t hesitate to reach out to us for more personalized assistance. Our qualified senior advisors will try their best to make your transition into retirement living as smooth and seamless as possible. Happy retirement!
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- What is the largest retirement community in Arkansas?
The largest retirement community in Arkansas is Hot Springs Village, located in the Ouachita Mountains of Garland County. This 55+ community is spread across a gigantic 26,000 acres of land. It features healthcare centers, golf courses, outdoor shopping mall, lakes for fishing and boating, miles of hiking trails, and many high-end amenities and services.
- What is the retirement age in Arkansas?
In Arkansas, the general retirement age is 65. However, state and federal laws provide some exceptions. For example, police officers, firefighters, and other public safety workers in Arkansas may be eligible to receive a full retirement benefit at age 55 or earlier if they meet certain requirements.
- What are the best places to retire in Arkansas?
From rural towns to metropolitan areas, Arkansas has something for everyone when it comes to retirement living. Here are some of the best places to retire in Arkansas:
- Hot Springs: Known as “the Spa City” for its natural hot springs, and offers relaxing environment, outdoor activities, and a low cost of living.
- Bella Vista: A planned community with affordable housing, a range of activities, and low crime rates.
- Rogers: Rogers offers a friendly community, lush landscapes, and plenty of opportunities for retirees to stay active and engaged.
- Little Rock: The state’s capital city, known for its high quality of life, diverse cultural offerings, and affordable housing options.
- Fayetteville: Perfect combination of big-city amenities and small-town charm with a thriving cultural scene and recreational activities.
- Bentonville: This city is home to the headquarters of Walmart and is known for its strong economy, growing population, and excellent healthcare facilities.
- What are the average costs of senior living in Arkansas?
The average costs of senior living in Arkansas depend on factors like the type of facility and level of care needed. However, below are the median costs of different senior living options in Arkansas:
- Assisted Living: $3,760
- Nursing Home: $6,083 to $6,692
- Independent Living: $2000
- Memory Care: $4,700
- Home Health Care: $4,195