Hot Springs Village topped the financial technology’s website study with Mountain Home, Pocahontas, Batesville, and Greenbrier rounding out the top five.
To find the best places to retire, the website noted it ” …looked at state and local tax rates, considering two types of taxes: income and sales. We calculated effective rates based on a typical retiree, earning $35,000 annually (from retirement savings, social security or part-time employment), and spending their disposable income on taxable goods. Next, we determined the number of doctors’ offices, recreation centers and retirement centers per thousand residents in each area. Finally, we found the number of seniors in each area as a percentage of the total population.”
In our final analysis, we ranked each county and city on these three factors, and calculated an average ranking for each area, weighing the three factors equally. The areas with the lowest average ranking are the best places to retire.”
To read more, click here.
Above image via SmartAsset.com / Featured image of Batesville via Arkansas.com
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