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00:00:00 – 00:13:23
Many people are moving from Colorado to Arkansas, predominantly driven by retirement plans and a desire for an active, outdoor lifestyle. Home appreciation plays a key role in retirement planning, with lower property costs in Arkansas offering financial advantages. The high cost of living in Denver, particularly due to inflation, income taxes, and sales taxes, has prompted the shift to Arkansas. Families are also moving for better proximity and support. Northwest Arkansas, in particular, is becoming popular due to its family-friendly environment, outdoor activities, lower cost of living, and proximity to major employers.
00:00:00
In this segment of the video, the speaker discusses why many people are moving from Colorado to Arkansas. The first main reason highlighted is retirement, where individuals want to enjoy an outdoor, active lifestyle in their golden years. Arkansas offers similar activities like mountain biking, hiking, fishing, canoeing, and natural beauty comparable to Colorado, but with less crowding and shorter distances to travel for these activities. Many retirees are making a slow transfer planning for the future, buying property in Arkansas ahead of their move from Colorado.
00:03:00
In this segment of the video, the speaker discusses how appreciation in house value can impact retirement planning, emphasizing the importance of buying a home during income-earning years. They highlight the strategy of buying a house at a lower cost basis before retirement to potentially gain from increased property value. Additionally, the lower cost of living in Arkansas compared to Colorado is explained, with Bentonville, Arkansas, being 19% more cost-effective than Denver, Colorado. The speaker elaborates on the substantial price difference in average home values between the two locations, emphasizing the financial benefits of moving to Arkansas for retirees. The segment also touches on healthcare costs, mentioning that Bentonville shows a 2% higher cost for healthcare compared to Denver.
00:06:00
In this segment of the video, the speaker discusses the high cost of living in Denver compared to Arkansas, emphasizing factors such as inflation rates, income taxes, and sales taxes. They highlight that Denver has one of the highest annual rates of inflation, consumer price index changes, and sales taxes, while Arkansas has lower income tax rates but higher sales taxes. The speaker provides specific examples comparing the costs of purchasing items like a TV in Arkansas and Denver, demonstrating the financial implications of these differences for consumers.
00:09:00
In this segment of the video, the speaker discusses the impact of sales tax and property tax on consumer decisions regarding moving from Colorado to Arkansas. They explain that while the sales tax difference may not be significant for an average consumer, the property tax rate in Colorado is higher than in Arkansas. Despite the higher rate in Arkansas, the assessed property values are higher in Colorado, resulting in lower property taxes in Arkansas on average. The speaker also highlights the role of family as a reason for people relocating, citing examples of clients moving to Arkansas for better family proximity and assistance with childcare responsibilities.
00:12:00
In this part of the video, the speaker discusses the benefits of moving to Northwest Arkansas to be closer to family members who are relocating due to a major employer building a new headquarters. The proximity to outdoor activities in Arkansas allows for more quality time with family compared to locations like Colorado where longer commutes may be necessary. The speaker highlights better quality of life, increased family time, and lower cost of living in Arkansas as compelling reasons to consider relocating.