Finding the Best Places to Retire Since 2006!
Retire in Prospect, Kentucky?
Overview: Bordered by the Ohio River and Harrod's Creek in north central Kentucky, leafy Prospect is a loose confederation of very nice, well-manicured subdivisions and is fairly new, having incorporated in 1974. Downtown Louisville is just 13 miles to the southwest.
Meandering country lanes lined with tall trees meander past rolling horse pastures protected by white and brown fences. Large, elegant brick homes sit on expansive lots and are set back from the road. Hunting Creek, one of Prospect's first subdivisions, has its own country club with golf, dining, swimming, and tennis. Hunting Creek also hosts concerts in Cowley Park. Harrod's Landing has a yacht club and marina. The Bridgepoint subdivision manages a swim and tennis club. The Stone Place Stables offer horse boarding, lessons, shows and clinics. Residents gather to celebrate the Kentucky Derby and Bloomsday, a 4th of July fireworks show. The community has its own police department as well as city services.
The Lawrence C. Falk Library is small and welcoming. A centralized shopping village includes a mix of large retail chains and small eclectic boutiques. Restaurants include good steakhouses and cozy seafood grilles, many along Bardstown Road.
Population: 5,000 (city proper)
Age 45 or Better: 45%
Cost of Living: 25% above the national average
Median Home Price: $440,000
Climate: Summers are warm, with temperatures in the 70s, 80s and 90s. Winters can be chilly with temperatures in the 20s and 30s. On average, the area receives 45 inches of rain and five inches of snow per year.
At Least One Hospital Accepts Medicare Patients? No, but Louisville has several that accept Medicare patients.
At Least One Hospital Accredited by Joint Commission? No, but Louisville has several that are accredited.
Public Transit: Yes
Crime Rate: Well below the national average
Public Library: Yes, on the second floor of City Hall
Political Leanings: Liberal
College Educated: 69%
Cons: The tornado risk is 150% above the national average.
Notes: Prospect has grown by 5% in the last decade. The household median income is double the national median. Racial diversity is but a concept. Some people think Prospect is a little on the snobby side.
Recommended as a Retirement Spot? Yes
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.
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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