What would be the best towns to explore for retirement in Kentucky? Featured Review: Current Resident says Great place to live! For more information, see our Form ADV Part II and other disclosures. Along with an incredibly low crime rate, theres a great sense of community at work, no doubt aided by the convenience of living close enough to Louisville to enjoy all of its amenities and attractions, but with the added benefit of incredibly safe, clean streets. Read more on how this ranking was calculated. 19 Niche users give it an average review of 3.8 stars. Helen Armitage 14 May 2020 View Scenic, full of Southern charm and rich in history, Kentucky, or the 'Bluegrass State,' is home to some of the most beautiful small towns in America. The one issue you may have with Kentuckys tax system as a senior are the rates for inheritance and capital gains. 2015 best towns to retire Kentucky, Kentucky, 1 replies View detailed profiles of: Louisville, Kentucky. 20 Great Places Where You Can Retire on a Lake - Topretirements Best places to retire in Kentucky. 2023 Best Counties to Retire in Kentucky - Niche When you ask is Kentucky a good state to retire in, some locals will mention Paducah, a thriving suburb with a charming historical downtown area. Youll also get a sales tax break on groceries, which will help you keep more of your earnings in the bank. The annual Festival on Walnut Street downtown brings locals together every May like a giant block party celebrating life in Lexington while there are always plenty of theater performances by resident companies such as Actors Guild at nearby Highlands Playhouse which open their doors to seniors at discounted rates. 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Growing up everyone, including myself, always complains about how this town is the worst place in the world. Despite an annual rainfall of about 50 inches, Franklin, Kentucky has about 210 sunny days and summer temperatures in the high 80s. Food, transportation, healthcare and leisure can go for 30-40% cheaper than other cities in the state. These Kentucky cities are the cream of the crop for retirees. The population of the city: is 16,585 people over the age of 65: The cost of living for retirees is 11.8 percent: 5% less than the national average per capita income for the population: $29,825 Taxation for retirees is favorable. Thats much less than the national median of $232,200. Quaint little small. Current Resident: Lyndon is a nice little quiet neighborhood of Louisville that allows residents to be close enough to some of the hottest spots in Louisville while also being able to enjoy the seclusion of suburbian. Read 17 reviews. Mayfield is one of the best place to live in Kentucky for retirement because of its small-town feel and affordability. The population of the city: 16,263 people over the age of 65: The cost of living for retirees is 16.1%: Population income per capita is 12% lower than the national average: $43,980 Retiree tax bracket: tax-friendly. The sales tax stands at a modest 6%. I've lived in this small town most of my life. State: Kentucky County: McCracken County Metro Area: Paducah Metro Area City: Paducah Zip Codes: 42003 42001 Cost of Living: -23.3% lower New! Add in lower taxes and insurance premiums (relative to Kentuckys national average), and you can see why so many retirees choose Ashland as their perfect retirement destination. It is a very friendly town, abundant with young families. $262,800 will get you a very nice property in Crestwood, and given the excellent quality of life on offer, its an investment you should seriously consider. On top of that, groceries and other essential items tend to be relatively cheap. Top 10 Safest Cities in Kentucky in 2023 - NewHomeSource It's right in the middle of everything I feel like. 1 Niche users give it an average review of 5 stars. For all its accollades, Kentuckys below average health care might be the reason the retirement population is below average. Quite neighborhoods, friendly neighbors and great accommodations (workout room, tennis court, pools) Read 9 reviews. The 10 Best Places To Retire In Kentucky For 2023 - HomeSnacks PER CAPITA INCOME FOR POPULATION: $32,097. Plus, Louisvilles cost of living is 7.8 percent lower than the national average. Here are the top places to retire in Kentucky according to retirees. State Guides | kentucky Retirement Guide Though small in size, our community is close-knit and vibrant, with a . The people gossiping didn't matter anymore. Here are some of the best cities in the state for retirement. There are also plenty of housing options available depending on your taste level and budget with several options in retirement communities as well as regular homes available for rent or purchase. Wurtland - Population: 1,311 #24. The area has plenty to offer retirees looking for rest and relaxation: from golf courses and museums to spicy eateries and parks with scenic water views. So you've deposited your last paycheck and you're looking for a place to retire in the Bluegrass State. [emailprotected]. Because of its many hiking trails and parks, this charming college town is one of the best places to retire in Kentucky in 2020 and 2021. Ashland. Retiring in Lexington means joining one of the most vibrant communities in Kentucky that come alive every summer during horse racing season but also provide access to shopping centers like Fayette Mall and some of the states most popular restaurants such as Grey Goose Dining Room & Saloon on South Broadway so you can experience more out of retirement than ever before. It is also the 11th largest, population-wise, with . The consent submitted will only be used for data processing originating from this website. Why did Versailles take the top spot? Download our guide to help safeguard your retirement from economic shifts. Somerset With tax-free Social Security income and tax exemptions on pensions up to a limit, Kentucky is a great place to call home after retirement. Best places to retire in Kentucky | Verified Movers Population: 8,271; Median home value . Quite neighborhoods, friendly neighbors and great accommodations (workout room, tennis court, pools). On the other hand, occasional natural disasters and traffic may be deal-breakers for some people. To that end, most Stacker stories are freely available to We have a few resturants, churches, banks, dollar store, gas stations, grocery stores, and a park! This is our tenth time ranking the best places to retire in Kentucky. First off, Social Security income is fully exempt from taxation. Kentucky is an affordable and beautiful state for retirees who want to enjoy a tranquil lifestyle and reconnect with nature. Featured Review: Current Resident says I have been lucky to grow up in such a nice neighborhood. Featured Review: Current Resident says Great place to raise a family! Population: 10,196Rank Last Year: -Median Rent: $760Distance to Closest Airport: 69 milesMore on Versailles: Real Estate|Data|Photos, Population: 10,202Rank Last Year: -Median Rent: $722Distance to Closest Airport: 62 milesMore on Paris: Real Estate|Data|Photos, Population: 21,695Rank Last Year: 1 (Down 2)Median Rent: $693Distance to Closest Airport: 94 milesMore on Ashland: Real Estate|Data|Photos, Population: 11,696Rank Last Year: 2 (Down 2)Median Rent: $711Distance to Closest Airport: 132 milesMore on Somerset: Real Estate|Data|Photos, Population: 26,248Rank Last Year: 3 (Down 2)Median Rent: $738Distance to Closest Airport: 105 milesMore on Paducah: Real Estate|Data|Photos, Population: 17,164Rank Last Year: 4 (Down 2)Median Rent: $732Distance to Closest Airport: 97 milesMore on Danville: Real Estate|Data|Photos, Population: 19,506Rank Last Year: 7 (No Change)Median Rent: $883Distance to Closest Airport: 3 milesMore on Erlanger: Real Estate|Data, Population: 14,922Rank Last Year: 8 (No Change)Median Rent: $766Distance to Closest Airport: 73 milesMore on Glasgow: Real Estate|Data|Photos, Population: 17,241Rank Last Year: 9 (No Change)Median Rent: $939Distance to Closest Airport: 11 milesMore on Fort Thomas: Real Estate|Data|Photos, Population: 16,932Rank Last Year: 6 (Down 4)Median Rent: $871Distance to Closest Airport: 65 milesMore on Shelbyville: Real Estate|Data|Photos. The 30 Best Places To Retire In The U.S. In 2023 - Retirable The school system is excellent with great athletics and academics.. class size is small so each child gets lots of one on one attention. Retirable provides holistic retirement planning services, which are available only to residents of the United States. Both of these towns are frequent nominees for "best place to retire" lists. With crime rates plummeting in recent years, Villa Hills has emerged as one of the safest cities in Kentucky. Featured Review: Current Resident says Crescent springs is a very peaceful and quiet neighborhood. Increased spending increases the risk of depleting your savings and performance is not guaranteed. Kentucky is part of the Hoosier Alley and has a history of sometimes fatal tornadoes and storms. Retirement doesnt mean boring or sitting around all day when you choose Lexington with plenty of attractions throughout the year. Next on our list is Fort Thomas, a home rule-class city in Campbell County. When you click through real estate links on our site, we earn an affiliate commission. It is very important to do your own analysis before making any decisions based on your own personal circumstances. Read 17 reviews. Here's a look at the Best Places to Retire in 2022-2023. Well-maintained parks and roads highlight the prosperous nature of the community as well as dramatically increase its overall happiness. Read 18 reviews. Paducah continues to grow and expand. The average home value may be high (dont expect much change from around $490k), but its a small price to pay for living in a community served by a great selection of top-ranking schools, some first-class amenities, a job market strong enough to support a median income of $114,683, and an incredible community spirit. The downtown area is dotted with art installations as well as one-of-a-kind restaurants and boutiques. 10. If you like having plenty of shopping and dining options, combined with arts and culture, Louisville could be the perfect choice for you. All rights reserved. Kentucky is a better fit for retirement if you're looking for a state with affordable housing and safer statistics. 10 Best Cities To Retire In Kentucky In 2023 - Retirable Beautifully designed interior of the historic building. @media(min-width:0px){#div-gpt-ad-aginggreatly_com-large-mobile-banner-1-0-asloaded{max-width:336px!important;max-height:280px!important;}}if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[336,280],'aginggreatly_com-large-mobile-banner-1','ezslot_9',108,'0','0'])};__ez_fad_position('div-gpt-ad-aginggreatly_com-large-mobile-banner-1-0'); The fact that the friendly people of Kentucky drive slower than most parts of the country hurts traffic.