Is Kentucky a Good Place to Retire?

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Retirement Pros and Cons in Kentucky

Kentucky offers beautiful landscapes, diverse cultural attractions, and a low cost of living. The state features many natural wonders, including Mammoth Cave National Park and Red River Gorge. There are also numerous outdoor activities and unique attractions. However, according to WalletHub, Kentucky is the least retirement-friendly state.

Pros:

  • Low cost of living
  • Outdoor activities
  • Rich culture
  • Central U.S. location
  • Tax exemptions

Cons:

  • High sales tax
  • Unpredictable spring/fall weather
  • Mostly dry counties

Best Cities to Retire in Kentucky:

  1. Edgewood:

    • Population: 8,779
    • Social Security income isn’t taxed
    • Pensions aren’t taxed up to a certain amount
    • One of the safest cities in Kentucky

  2. Orange Beach, Alabama:

    • Affordable
    • Low taxes
    • Cons: high sales tax, hot and rainy weather

Ideal Months and Pension Benefits

  • Ideal months to live in Kentucky: September, May, and June with average schools and unemployment.
  • Kentucky offers traditional pensions to most employees and teachers. Benefits are stable regardless of pension investments.

Kentucky vs. Tennessee for Retirees:

Kentucky is fairly friendly to retirees with exemptions for Social Security and certain retirement income. However, it ranks as the least retirement-friendly state according to WalletHub.

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