Kentucky is a fun and fascinating best place to live for retirement and travel that has a lot going for it. It is known as much for its bourbon and bluegrass as it is for its horse racing and food. Because the Upper South state is located at a geographic and cultural crossroads, its landscapes and settlements are extremely diverse; with rural areas, hills, and mountains making up a large portion of its landmass.
The majority of its population lives in the central Bluegrass region, or in and around its largest city, Louisville, and the Cincinnati suburbs in neighboring Ohio. The best places to live in Kentucky each have their distinct distilling and dining scenes. There is always something new to discover with a piece of rich music; literature, and folklore heritage, and Southern hospitality is a given wherever you go.
Where is the Best Place to Live in Kentucky
A desire for quality housing in a safe, friendly community is one of the few things that unite us all; regardless of our age, education, status, or job title. If that community also has a thriving economy, great local businesses; a plethora of amenities, and a plethora of indoor and outdoor recreational facilities, all the better. Kentucky has a plethora of towns and cities that fit that exact description; find out which ones rank highest on our list of the best places to live in Kentucky.
#1. Cherokee Seneca
Do you want to live in the most desirable neighborhood in Kentucky? Then pack your belongings and travel to the small town of Cherokee Seneca. The average home price is high but not outrageous (expect to pay around $396,792), while the median income is a very desirable $83,165. Along with an incredibly low crime rate, there’s 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.
#2. Cherokee Gardens
The superb little neighborhood of Cherokee Gardens in Louisville is ranked by Niche as the one in Best Neighborhoods to Raise a Family in Louisville, just missing out on the top spot. The average home value may be high (don’t expect much change from around $490k), but it’s 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.
#3. Indian Hills
You may have to pay a significant sum of $502,400 for the privilege of living in the exclusive enclave of Indian Hills, but it’s a price few will argue about when the extensive list of benefits comes with the price of moving in is considered. The crime rate in Kentucky is one of the lowest, with no reports of violent crime in recent years and very few reports of property crime. The median income is a startlingly high $169,737, and the schools, amenities, and facilities are all above average. Residents report a strong sense of community, a thriving local economy, and an overall safe, pleasant atmosphere.
#4. Fort Thomas
The cozy Fort Thomas is an excellent place to raise a family. The friendly, hardworking community is well-served by a wide range of public services and amenities, and the abundance of sidewalks, parks, and trails makes staying fit a breeze. The average house costs $214,000, and most residents can expect a very healthy median income of $71,956. Meanwhile, the schools are among the best in the state.
#5. Hurstbourne Acres
The cost of living in Hurstbourne Acres is 2% lower than the national average, according to Livability. The total crime rate is 75% lower than the national average (with most residents having a 1 in 146 chance of becoming a victim); the unemployment rate is 35% lower than the national average; the high school graduation rate is 13% higher than the national average. If you need any more proof that Hurstbourne Acres is a desirable place to live in Kentucky, consider this: while residents can expect a very healthy income of $60,199, they’ll only need to pay $187,200 for a property—a steal in anyone’s book.
#6. Langdon Place
Langdon Place, a delightful little suburb, demonstrates that the best things sometimes come in small packages. It may be small (the current population is around 1114), but what it lacks in size it makes up for in other ways. Housing is reasonably priced ($221,000 should get you a decently sized home), crime is low, and the median income is high ($90,938, to be precise). Schools are excellent, amenities are plentiful, and parks abound… Overall, a fantastic place to live.
#7. Windy Hills
Windy Hills frequently appears on lists of the best places to retire in Kentucky, and it’s easy to see why. The streets are among Louisville’s safest, the amenities are plentiful, and there are some lovely outdoor areas. There is a good selection of top-rated schools to choose from for those with families, and the good commuting access is sure to appeal to those looking to be close to the action.
#8. Anchorage
Anchorage has been named the best place to live in Kentucky by The Crazy Tourist. While we disagree with their ranking, you can’t help but be impressed by the qualities of this humble little suburb. It’s the ideal place to raise a family, with excellent schools and a strong sense of community. It’s also a pretty good place to be young, free, and single, with an excellent variety of recreational pursuits, wining and dining venues, and a thriving job market. The housing may be on the expensive side (a single-family home should cost around $663,600), but the high cost is more than offset by the equally high median income of $172,188.
#9. Belknap.
Belknap, as one of Louisville’s safest neighborhoods, provides the best of both worlds: a safe, friendly community for families to raise their children, as well as easy access to all of Louisville’s actions. The schools are among the best in the area, and the crime rate is extremely low. Because of its proximity to the city’s financial and business districts, most residents earn a comfortable $79,762 per year. Despite all of these benefits, housing is still very affordable—a very decently sized property here should cost no more than $250,000.
#10. Crestwood
$262,800 will get you a very nice property in Crestwood, and given the excellent quality of life on offer, it’s an investment you should seriously consider. Crime, unemployment, and poverty rates are all low, and the odor of affluence in the air is no doubt aided by the very healthy $102,036 median income most households can boast. The amenities are plentiful, the parks are plentiful, and this is one very happy community.
Best Place to Live in Kentucky for Retirement
Kentucky is an excellent place to retire, with tax-free Social Security income and retirement tax exemptions up to a certain limit. You’ll also get a sales tax break on groceries, which will allow you to save more of your earnings. Is Kentucky a good place to retire, aside from financial savings? The Southern state can be a great option for those who want to experience the best of all four seasons. Here is a list of the best retirement communities in Kentucky.
#1. Louisville
City population: 766,757 people over the age of 65: The cost of living for retirees is 16.7%: Population income per capita is 8% lower than the national average: Retiree tax rating of $33,251: Tax-Friendly
Louisville, named the best place to live in Kentucky for retirement from 2019 to 2021 on numerous lists, is ideal for those seeking city life. Louisville is also conveniently located near Indiana and Ohio. If you enjoy a variety of shopping and dining options, as well as arts and culture, Louisville may be the place for you.
#2. Somerset
The population of the city: is 11,585 people over the age of 65: The cost of living for retirees is 19.1 percent higher: 15% less than the national average per capita income for the population: The tax rate for retirees: is $22,571: tax-friendly
Somerset, a lakeside town with plenty of festivals and events, should be considered the best place (small towns) to live in Kentucky for retirement. Lake Cumberland Regional Hospital, one of the state’s largest hospitals, is also located in the area.
#3. Mayfield
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
Mayfield is one of the best place to live in Kentucky for retirement because of its small-town feel and affordability. There are historical monuments, parks, and plenty of beautiful farmland in the state’s southwestern corner.
#4. Lexington
The population of the city: 323,152 people over the age of 65: Retirees’ cost of living is 13 percent higher: 4% lower than the national average per capita income for the population: Retiree tax rating of $34,442: tax-friendly
Lexington, known as the “horse capital of the world,” is one of the best place to live in Kentucky for retirement who enjoy all things equestrian. The numerous horse events held each year draw visitors from all over the world, which means you’ll have access to a diverse range of restaurants and shops.
#5. Ashland
City population: 20,146; population 65 and older: The cost of living for retirees is 18.3 percent higher: Population is 11% lower than the national average per capita income: Retiree tax rating of $24,096: tax-friendly
Ashland, a midsized city with plenty to offer, is one of the best places to live in Kentucky for retirees who want waterfront living. The downtown area is dotted with art installations as well as one-of-a-kind restaurants and boutiques.
#6. Frankfort
City population: 27,755 population 65 and older: The cost of living for retirees is 16.1%: Population income per capita is 11% higher than the national average: Retiree tax rating of $29,288: tax-friendly
Frankfort is one of the best places to live in Kentucky for a more suburban retirement. Golfers will appreciate the area’s many golf courses, and visitors will appreciate the easy access to Cincinnati, Lexington, and Louisville.
#7. Paducah
City population: 24,865 population 65 and older: The cost of living for retirees is 19.5 percent: Population income per capita is 8% lower than the national average: Retirement income of $32,097 is tax-friendly.
When asked if Kentucky is the best place to retire, some residents will recommend Paducah, a thriving suburb with a charming historical downtown area. You’ll have plenty of dining, shopping, and healthcare options if you live in the suburbs.
#8. Bowling Alley
City population: 70,543 people over the age of 65: The cost of living for retirees is 11 percent higher: Population income per capita is 8% lower than the national average: Retiree tax rating of $24,083: tax-friendly
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. If you enjoy live music, there are numerous venues to choose from, as well as outdoor concerts in the warmer months.
#9. Shelbyville
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.
Shelbyville, located just half an hour from Louisville, offers a variety of affordable housing options and activities. Claudia Sanders Dinner House, as well as several other charming local restaurants and shops, can be found in the city. Because of the proximity to Louisville, you can always find larger-city options if you’re looking for them.
#10. Fortress Thomas
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
This Cincinnati, Ohio-area town is one of the best places to retire in Kentucky because of its natural beauty and history. Coney Island is home to the world’s largest recirculating pool, as well as amusement park rides and restaurants, and the town also has two military museums.
Frequently Asked Questions
Is Kentucky good place to live?
Is it a good place to live in Kentucky? If you want affordable home prices, a low cost of living, delicious bourbon, top-tier national and state parks, southern friendliness, and did we mention good bourbon? Kentucky is an excellent place to live.
What are the pros and cons of living in Kentucky?
The Benefits and Drawbacks of Living in Kentucky
- Living expenses are low.
- Some people will benefit from tax breaks.
- Delicious regional foods and beverages.
- A plethora of outdoor activities.
- The four seasons provide variety.
- Extreme weather hazards.
- Income and sales taxes are both high.
- K-12 education is of lower quality.
What part of Kentucky has the best climate?
Franklin has the best weather in Kentucky because it is one of the least humid cities in the state. Despite an annual rainfall of about 50 inches, Franklin, Kentucky has about 210 sunny days and summer temperatures in the high 80s.
Is it cheaper to live in Kentucky or Tennessee?
Tennessee ranks ninth in terms of utilities, healthcare, and transportation when compared to the national average. The cost of living in places like New Jersey and Morristown is 13% lower than the national average. Tennessee’s cost of living is 10.7 percent higher than Kentucky’s.
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