Nestled in the Ouachita Mountains, Hot Springs is a scenic resort town with a colorful history. This community was once a hideaway for famous Prohibition-era gangsters, including Al Capone and Bugs Moran. Today, the community’s famous mineral springs attract nearly 1.5 million visits annually. Hot Springs is also a popular spot for budget-minded retirees. Nearly one in four of its 38,100 residents are aged 65 or older.
Seniors who need extra help with day-to-day needs, such as shopping, meal prep, cleaning and personal care, can turn to assisted living facilities for help. Residents in these communities benefit from apartment-style accommodations, 24-hour staffing, social events and ancillary services such as local transportation. According to Genworth Financial’s Cost of Care Survey for 2021, the median cost of care is $4,500 per month, which is on par with the national average but higher than other parts of the Natural State.
This guide looks at some pros and cons of retiring in the Hot Springs area, including the cost of living and local assisted living prices. You’ll also find a directory of helpful resources that provide free- and low-cost services and engaging activities.