Arkansas is called by its residents as the Land of Opportunity, and for a retiring senior, there are indeed opportunities that abound. For a retiree, the state has various rivers and lakes to explore and even has hot springs. While the weather can be stormy, it can be a great state for people who love long summers. For nature lovers, this is the state to visit. Retirees also love Arkansas due to its low cost of living. So, if you're looking to retire without breaking the bank, this might be the state for you. Read below, and see what offerings Arkansas has for you.
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Financial Overview
Cost of Living in Arkansas
The cost of living in Arkansas is over 13% cheaper than in the rest of the US. Its most notable affordable aspect is its housing cost, nearly 25% cheaper than the national average. Its median home cost is also over half of the US average. Some states have something more expensive than the average, such as utilities, but Arkansas is cheaper in every regard. For a retiree, this state is perfect if you want affordability. Like any state, however, some places are more affordable than others, so be sure to do your research and plan accordingly.
Cost Comparison Index
100 = National Average
Category
Arkansas
US Average
Overall
86.9↓ 13.1%
100
Grocery
92.5↓ 7.5%
100
Housing
75.6↓ 24.4%
100
Median Home Cost
$127,800
$291,700
Utilities
90.7↓ 9.3%
100
Transportation
91↓ 9.0%
100
Miscellaneous
97.4↓ 2.6%
100
Average Rent by Bedroom Size
Compare Arkansas rent prices with the national average
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