A new study has ranked Crossett one of the top 10 places to retire in Arkansas — No. 10, to be exact.
The study, one that SmartAsset has conducted annually for seven years, takes four criteria into consideration.
Those four criteria are tax burden, access to medical care, and opportunity for recreation and activity.
“First, we looked at state and local tax rates, considering two types of taxes: income and sales. We calculated effective rates based on a retiree earning $35,000 annually from retirement savings, Social Security and part-time employment. We subtracted income taxes paid from the gross income to determine disposable income. Sales taxes paid were calculated based on the disposable income being spent on taxable goods,” said the methodology section of the study.
“Next, we determined the number of doctors’ offices, recreation centers and retirement centers per thousand residents in each location. Finally, we measured the number of seniors in each city as a percentage of the total population.
“In our final analysis, we ranked each location on these three factors. Then we calculated an average ranking for each area and weighted the three factors equally. The areas with the highest average ranking were determined to be the best places to retire.”
In Crossett’s case, the tax burden was lower than the State of Arkansas, accounting for 16.5 percent of income versus the 16.9 percent that the state on average pays overall.
In terms of medical care, Crossett has 0.8 doctor’s offices per 1,000 people, while the No. 1 spot in the survey, Mountain Home, has 7.9.
The survey also notes that 23 percent of Crossett’s population is seniors.
According to SmartAsset, the best places to retire in Arkansas are, in order, Mountain Home; Hot Springs Village; Batesville; Greenbrier; Berryville; Heber Springs; Harrison; Clarksville; Bella Vista; and Crossett.