retirement

Lynchburg, Va.: A Great Small City for Retiring in Good Health

For retirees looking to stay active, this city has lots of scenic trails ideal for hiking or biking.

Population: 79,812

Cost of living: 90.3 (national median = 100)

Median home price: $180,450 (national median: $185,000)

Healthy highlight: More than 18 miles of trails on a 300-acre greenway running through the city

Lynchburg's natural beauty makes it easy for retirees to stay active. Located in the foothills of the Blue Ridge Mountains and overlooking the James River, the City of Seven Hills has more than 18 miles of urban trails for hiking, running and biking. Blackwater Creek Trail, for instance, hugs a creek and passes a waterfall and a historic train tunnel on its way through the city. Lynchburg was named the outstanding runner-friendly community by the Road Runners Club of America in 2011.

Just steps away from the Blackwater trail is Lynchburg's historic downtown, where 120-year-old warehouses are being renovated into everything from artist studios and lofts (two-bedroom units rent for about $1,000 a month) to galleries and restaurants. The Lynchburg Community Market is open five days a week and features a bustling farmers market and live music every Saturday morning. The Lynchburg Is for Locavores program spotlights fresh food from local farms.

Lynchburg is also home to several theater groups, a symphony and an opera company, and it hosts a series of riverfront concerts and arts festivals. The community has raised more than $16.6 million to restore the historic Academy Theatre on Main Street, which will be the marquee building for a busy arts center. With five colleges in town and several more nearby, opportunities for cultural, educational and athletic events abound.

Kids and grandkids can have hours of fun at the Amazement Square children’s museum, a block from the river in a renovated Civil War–era building. And the whole family can enjoy the Lynchburg Hillcats, a minor-league baseball affiliate of the Cleveland Indians. Smith Mountain Lake, Wintergreen ski resort and the Appalachian Trail are all within an hour's drive, and Amtrak gets you to Washington, D.C., in 3 1/2 hours.

Health care centers around Centra Health, a nationally recognized health care system. Its flagship hospital specializes in cardiology, emergency medicine, orthopedics, neurology and neurosurgery.

Virginia doesn't tax Social Security benefits, but it does tax residents on their incomes, including federal and military pensions, at rates up to 5.75%. Residents 65 and older can deduct up to $12,000 per person, depending on their income.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
11 Best Healthcare Stocks for the Rest of 2021
healthcare stocks

11 Best Healthcare Stocks for the Rest of 2021

The 2020s could be the decade of healthcare stocks. Here are 10 companies and one ETF to watch not just for the remainder of this year, but well beyon…
July 13, 2021
9 Best Biotech ETFs to Play High-Octane Trends
ETFs

9 Best Biotech ETFs to Play High-Octane Trends

Biotechnology is a dynamic but often volatile industry. These biotech ETFs provide a lower-risk way to invest in the space.
July 8, 2021

Recommended

What Is the Social Security COLA?
retirement

What Is the Social Security COLA?

For the average recipient, the 2021 monthly increase doesn't even cover a fill-up at the gas station — but it beats nothing.
July 14, 2021
8 Things You Must Know About Retiring to the Carolinas
retirement

8 Things You Must Know About Retiring to the Carolinas

From the picturesque beach towns to cozy mountain communities, North Carolina and South Carolina offer retirees plenty of incentives.
July 12, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
July 6, 2021
10 Most Tax-Friendly States for Retirees
retirement

10 Most Tax-Friendly States for Retirees

If you want your retirement savings to last longer, consider moving to one of these states that impose the lowest taxes on retirees.
July 6, 2021