Any thoughts on Hot Springs, Arkansas? Housing prices seem to be fairly cheap and there's a national park right in town. The mountain bike trails there got a high rating from IMBA.
I live a good distance away, but visit there often. HS seems like a great retirement destination. It's a resort/recreation town with a rich history, awesome hiking/biking, a horse racing track / casino with a fun vibe, and of course some very large freshwater lakes. This is a very low cost of living destination. It has a mix of characteristics of Louisville, KY, Eureka Springs, AR, the Fayetteville, AR metro, and I dare say New Orleans (for the miniature downtown bar scene and fun-loving attitude). The city's mentality is about having fun.
Upsides:- Beautiful lakes, especially Lake Ouachita (pronounced "wa sha ta") with lots of options for camping, fishing, scuba, watersports, sailing, boat rentals, manmade beaches, etc. Lake Hamilton is closer to town, surrounded by condos and mansions, and full of boats. Lake Catherine is sort of a mixture of the two. All three lakes are long-established hydroelectric projects. Ouachita drains into Hamilton which drains into Catherine.
- Very cheap real estate and a generally low cost of living depending on how few motorized toys you can stand to own.
- The location is geologically stable, not generally prone to flooding, wildfires, or hurricanes.
- Mountain biking, as mentioned, though perhaps not as massively developed as Fayetteville, AR.
- White water canoeing / kayaking opportunities within a short drive. You do this in the springtime. You do the lakes in the summer. You hike in the fall/winter. You bike whenever.
- Very clean air and very clean tap water (they actually bottle and sell their tap water).
- Museums, history, and interesting geology. E.g. on some beaches of Lake Ouachita, like a Joplin campground, most of the rocks contain fossils!
- More amenities than a town, but fewer problems than a big city.
- H.S. is a good latitude for people who hate winter and never want to shovel snow again. It can snow, but maybe once a year with the slush lasting for 1-3 days.
- Nearby things to do include all the activities in Little Rock (a place most folks in H.S. are scared of, but which has anything you can't find in H.S.), digging for literal diamonds at the Crater of Diamonds state park, Mount Magazine, Mount Nebo, and Petit Jean Mountain state parks, etc. You're also in a great motorcycle touring area.
Downsides:- H.S. is off the beaten path and not exactly an economic dynamo. Interstate 40 bypassed the city long ago, though a four-lane highway connects the city to the interstate 30-40 miles away. The closest international airport is probably Memphis, at ~3 hours away. The closest regional airport is Little Rock at just over an hour away. The economy is dependent upon tourism, yet not particularly volatile because they are the low-cost provider for tourism; when recession hits tourists trade down to H.S. instead of going to fancier places. I would call the lakes a durable asset, but I wonder about the future of horse racing and people's appreciation for the place's museums and history. If you raise your kids here, expect (hope) that they'll probably move away in search of economic or educational opportunity. On the bright side, Arkansas' colleges are dirt cheap, especially for residents, and a statewide lottery provides scholarships on top of that.
- H.S. is not a college town like Fayetteville, Tulsa, Springfield, etc. and it isn't a hub of industry either. You'll probably find the education level of your neighbors a bit low, especially the crowd in their early 20's. A typical conversation might be more about getting one's jet ski running more so than science, history, arts, or literature. It's blue collar and non-elite.
- Like everywhere in Arkansas, June-August usually means a 90+ degree day with relative humidity over 80%. If you don't mind getting a little sticky, H.S. is the place to be because of its proximity to the lakes. For the cost of a small day use fee at the various parks, campsites, and marinas, you can swim in the lakes without a wetsuit about 5 months out of the year and it feels very much like a tropical vacation.
- H.S. has a neat historical downtown area with cool BnB's, but the surrounding old neighborhoods have not seen revitalization to the extent of many other places. The city is small enough there's not as much incentive to cut commutes. Yet the area attracts artists and non-conformists so there's possibility! Sprawl is occurring thanks to a bypass highway, cheap land, and geographically distributed employment. You can cheaply live in either an old downtown craftsman or a very large newer home on the periphery of town.
- Arkansas is a red state, which means underfunded public schools, slum neighborhoods in every city, car dependency and sprawl, a lack of gynecological services, widespread skepticism about scientific facts, casual racism, brain drain for medical specialists, and periodic invitations to join someone or another's church. Your sensitivity to these factors may determine your enjoyment of the place. Overall though H.S. is a friendly place, and you are well compensated for the downsides via a low cost of living.
- Car ownership is a must wherever you live in H.S. You will eventually feel immense pressure to trade that car up to a truck and boat!
- Visitors from out West might be surprised by some of our parasites, like mosquitos, ticks, seed ticks, and chiggers, and by our poison ivy, which is all over the woods except in the winter.
- If you're looking for the next big thing, H.S. is probably not it. Expect nothing to change in the next 20-30 years. There are just no catalysts. In this regard it's a lot different than the booming and similar Northwest Arkansas area.
I'd suggest putting H.S. on your list of places to visit. It costs virtually nothing anyway. Maybe stay downtown at the historic Arlington Hotel and hit the bike trails, spa museums, bars, art shops, observation tower, Mid-America Museum, etc. Definitely visit lake Ouachita or camp on its shores. If you visit in the spring, go to a horse race, drink a mint julep, and waste a few bucks betting on the dark horse for the giggles.
If your tastes are more suburban / golf-y, check out Hot Springs Village (a separate town/development just to the north). If you want a bigger scene with lots of employment, lots of growth and development, and slightly higher costs, etc. check out Northwest Arkansas.