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retire

Finding the Best Places to Retire Since 2006!

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Retire in Morehead, Kentucky?

Overview:  Nestled amid the deciduous trees of the Daniel Boone National Forest in eastern Kentucky's Appalachian Mountains, cozy Morehead makes its home.  It is the site of Morehead State University, which has more students (10,600) than the town has residents.  

 

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This situation gives Morehead a youthful energy and provides plenty of things to do, from attending college football games to enjoying music and dance performances.   MSU also has a continuing education program with classes for the Morehead community.  The University and its well-regarded Kentucky Folk Arts Center sponsor a number of annual events, including the A Day in the Country Folk Art Festival and the Autumn Arts and Eats Festival.   Other events include the Poppy Mountain Bluegrass Festival, the Cave Run Storytelling Festival and weekly noon outdoor concerts. Morehead Theatre Guild presents theater productions year round. 

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Daniel Boone National Forest surrounds Morehead and provides opportunities for including camping, fishing, and hiking.  Nearby Cave Run Lake is the place for boating.  Homes are mostly ranch ramblers and raised ranch ramblers.

Population:  7,200 (city proper)

Percentage of Population Age 45 or Better:  30%

Cost of Living:  10% below the national average

Median Home Price: $132,000

Climate:    Summer temperatures are in the 70s, 80s and 90s.  Winter temperatures are in the 20s, 30s and 40s.   On average, the area receives 44 inches of rain and 7 inches of snow per year.

At Least One Hospital Accepts Medicare Patients?   Yes

At Least One Hospital Accredited by Joint Commission?   Yes

Public Transit:   Yes

Crime Rate:   Below the national average

Public Library:  Yes

Political Leanings:   Conservative

Is Kentucky Considered Tax Friendly for Retirement?    Yes

Cons:     Morehead has a poverty rate above the national average.  Much of this is, but not all, is attributed to the large student population.  Eastern Kentucky is poor, and some manifestations of this are visible in town.

Notes:    Church attendance is very high.   The city sits along Interstate 64, creating easy access to Lexington to the west.   Morehead has very little racial diversity and has grown by nearly 20% within the last decade.

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Recommended as a Retirement Spot?    Yes

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