Assisted Living Communities in Hot Springs, Arkansas

Hot Springs is one of the more expensive locations for assisted living in the region. Prices are similar in Little Rock at $4,488. However, other locations may provide a better value. Seniors in Pine Bluff pay just $3,329 per month for a savings of $1,171 or 26%. Rates drop even further in Texarkana at $2,770, which saves residents $1,730 per month or more than $20,000 a year.

The median cost of assisted living in Hot Springs, Arkansas, is $4,500 per month. This is on par with the national average and $740 higher than the state median of $3,760. 

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Arkansas page.

Assisted living isn’t the only type of long-term care to consider. Home care agencies charge approximately $4,290 per month for medical or nonmedical services based on 44 hours of weekly assistance. Daytime health care programs are a cost-effective option with a median fee of $1,560. Seniors who have advanced medical needs may require care from a skilled nursing facility. Nursing homes typically charge over $6,000 per month for a semiprivate room. 

Residential care facilities in Hot Springs may be licensed as Level I or Level II assisted living providers. Licensing regulations are enforced by the Arkansas Department of Human Services, Division of Medical Services, Office of Long Term Care. This agency is also responsible for certifying nursing homes and other medical facilities.

• Hot Springs is an affordable location for seniors who depend on a fixed income. The local cost of living is 20% lower than the national average. Housing, transportation, utilities and health care are competitively priced compared to other parts of the country.
• Arkansas is a moderately tax-friendly state for retirees, which can also help residents stretch their income. Social Security benefits aren’t taxed, and seniors are entitled to a $6,000 exemption on IRA distributions. Although sales taxes are high at 8.6%, some items, such as prescription drugs, aren’t taxed at all.
• Seniors who have chronic medical conditions or ongoing health needs can find quality medical care nearby. Hot Springs has more physicians than most similarly sized cities. For surgeries and urgent needs, several hospitals are located in the area, including the top-rated CHI St. Vincent Hot Springs.
• Environmental factors may also influence residents’ health and well-being. Although the community’s air quality is slightly lower than the national average, which can affect older adults who have asthma or COPD, it receives a perfect score for its water quality. Additionally, this pristine natural area has very few sites that require environmental remediation.
• Crime rates in Hot Springs are much higher than the national average. There are approximately 650 violent crimes per 100,000 residents. Additionally, the number of property crimes is 2.7 times higher than the U.S. median. Fortunately, assisted living facilities usually provide 24-hour staffing, emergency alert systems and secure entry systems for added peace of mind.
• Hot Springs has a senior-friendly climate with long, hot summers and mild winters with just 2 inches of snow and average lows right around freezing. Although the community receives nearly 60 inches of rain, residents enjoy 10 extra days of sunshine compared to the typical U.S. city.