This article takes a look at the 5 best places to retire in Kentucky. If you wish to read our detailed analysis on navigating retirement living in Kentucky, you may go to 15 Best Places to Retire in Kentucky.
5. Covington
Insider Monkey Score: 84
Livability: 85
Cost of Living Index: 88.8
Median House Price: $216,000
Starting off our top five is the Kenton County city of Covington. Set at the point where the Licking and Ohio Rivers merge, Covington boasts waterfront views across many of its taverns, eateries, and hotels. Apart from majestic views, the city also contains a range of activity outlets. Some of the best include the Purrfect Day Cat Café, the Devou Park, and the Cathedral Basilica of the Assumption. Combined with a lower-than-national-average cost of living, Covington retirees will be more than content here.
4. Somerset
Insider Monkey Score: 84
Livability: 66
Cost of Living Index: 81.7
Median House Price: $145,000
Set in Pulaski County, Somerset is one of the best small towns to retire in Kentucky. For one, the place is financially friendly as it boasts both a low cost of living and a low median house price. It’s also a happening place where retirees will be sure to find something or the other that keeps them entertained. Some of Somerset’s best offerings include the SomerSplash Waterpark, the Somerset Peddler’s Mall, and the Jarfly Brewing Company. The area also holds many delicious eateries including the highly-rated Charred Oak Grill.
3. Henderson
Insider Monkey Score: 85
Livability: 74
Cost of Living Index: 82.4
Median House Price: $200,000
With a cost of living that is 17.6% lower than the national average, the city of Henderson in Henderson County is a great retirement pick for financially struggling senior citizens. Set along the majestic Ohio River, Henderson is known for its rich history. The city is the origin place of the Mother’s Day celebration as well as being the birthplace of the artist John James Audubon. Residents can visit the John James Audubon State Park, the Diamond Lanes Echo Bowling Alley, and the Ellis Park Racing & Gaming Racecourse.
2. Russell
Insider Monkey Score: 88
Livability: 75
Cost of Living Index: 83.7
Median House Price: $170,000
Rounding off our top two pick is Greenup County’s Rusell. To start things off, the city sits in the affordable rank with both a low cost of living and a low median house price – perfect for retirees without hundreds of thousands in the bank. A small place – the last United States Census put Russell’s population below the 4,000 mark – senior citizens will be able to spend a peaceful and laidback retirement in the area.
1. Glasgow
Insider Monkey Score: 91
Livability: 76
Cost of Living Index: 81.1
Median House Price: $198,000
The best place on our list of best places to retire in Kentucky is none other than the Barren County city of Glasgow. With the lowest cost of living in our selection – a whole 18.9% lower than the national average – the city is an ideal pick for retirees who want to spend the bare minimum on necessities and splurge their retirement savings elsewhere. Residents can visit the Plaza Theatre, Yancey’s Gastropub and Brewery, and the Willow Oaks Golf Club for a round on the green.
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