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retire

Finding the Best Places to Retire Since 2006!

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Retire in Lexington, Kentucky?

Overview:   Kentucky's second largest city is in the heart of the state's lush Bluegrass Region and started in 1775. It is known as the "Horse Capital of the World" and is a healthy, growing metropolis.

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The population supports an orchestra, two ballet companies, a professional theater, and numerous choral organizations. The art museum and opera programs at the University of Kentucky (31,000 students) have national reputations, and the city's Headley-Whitney Museum offers exhibits, events, and classes. City celebrations include the Mayfest Arts Fair and the Festival of the Bluegrass. Lexington manages six public golf courses, an arboretum, and more than 100 parks. Its River Run Nature Sanctuary has 11 miles of hiking trails, and there are two major horse tracks in town - Keeneland and the Red Mile. Housing stock is comprised mostly of ranch ramblers, raised ranch ramblers and bungalows. Trent Village is a welcoming 55+ apartment community with an emphasis on affordability.

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The Kentucky Horse Park has hosted the World Equestrian Games and maintains an international museum as well as a working farm. Lexington is home to a minor league baseball team, and residents have 22 collegiate teams to watch. Rupp Arena hosts UK's men's basketball team, which has a religious following.

Fayette Mall has 120 retailers, including Macy's and Dillard's. The Shops at Lexington Center and The Square are two downtown shopping areas that are connected by covered pedways. Whole Foods is here, too.

Population:   318,000 (city proper)

Percentage of Population Age 45 or Better:  31%

Cost of Living:   7% below the national average

Median Home Price: $165,000

Climate:   Summer temperatures are in the 80s and 90s. Winter temperatures are in the 20s, 30s and 40s. On average, the area receives 45 inches of rain and 15 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:   Meets the national average

Public Library:   Yes

Political Leanings:   Liberal

Is Kentucky Considered Tax Friendly for Retirement?     Yes

Cons:   The tornado risk is 85% higher than the national average. Parts of the city are prone to flooding during heavy rains.

Notes:   Lexington has grown by 39% within the last decade, and it is racially diverse. Forty percent of locals are college educated.

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Recommended as a Retirement Spot?   Yes

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Kentucky:

Kentucky became the 15th state to enter the Union on June 1, 1792. Early settlers noticed a dark grass growing from the rich limestone soil and gave the area its nickname - the Bluegrass State. Daniel Boone blazed a trail through the state's Cumberland Gap which many followed.

Bounded by the Ohio River and the Appalachian Mountains, the state has five divergent geographic regions. Rolling meadows, plateaus, mountains, flat lands, valleys, and coal fields are all possible within state borders. Because of its diverse geography, Kentucky has four different and distinct seasons with considerable fluctuations in summer and winter temperatures.

Although the Bluegrass State is noted for its Bourbon Whiskey, racehorses, coal, and tobacco, it is gaining a reputation for health services, auto manufacturing, transportation logistics, and biotechnology. Eight well-endowed public universities keep pulling the quality of life forward.

Fort Knox holds almost 150 million ounces of gold for the U.S. Government. Other items it's held include the Magna Carta and the crown of St. Stephen.

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Stats:

Population - 4,436,974

Persons 65 years old and over - 15%

High school graduates, persons age 25+ - 84% 

Bachelor's degree or higher, persons age 25+ - 22% 

Persons of Hispanic or Latino origin - 3% 

White persons, not Hispanic - 85% 

Median household income - $43,740 

Median home value - $123,200 

Social Security taxed? No

Source: U.S. Census Bureau

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