DENHAM SPRINGS — A recent study by SmartAsset, a finance technology company looking to provide web-based financial advice to consumers, ranked Denham Springs as one of the top five places to retire in Louisiana.
The study used five major indexes to determine viability of retirement in any area: tax rate; number of doctors’ offices per 1,000 people; number of recreation areas per 1,000 people; number of retirement centers per 1,000 people; and the percentage of seniors that make up total population.
Denham Springs posted a 19.9 percent tax rate; 3.4 doctors’ offices per 1,000 people; 1.6 recreation centers per 1,000 people; 0.4 retirement centers per 1,000 people; and, finally, a population 19.7 percent seniors.
All of those rankings were in line with the top three places to retire in Louisiana, save for one -- number of hospitals per 1,000 people.
West Monroe was third with 7.3, Mandeville second with 8.4, and Covington placed first with 17 hospitals per 1,000 people.
SmartAsset describes its process as, “Our tools and advice are objective and based on the data. We use our patent-pending Automated Financial Modeling, or AFM, technology to simulate how different decisions (like buying or renting a home) will affect you financially. In some cases companies do pay us a referral fee if you click on or are approved for a financial product through our site.
"This compensation does not influence our recommendations or advice. We maintain editorial integrity when evaluating products and clearly label any partner, sponsored or advertising content and placements.”