retirement

Lexington, Ky.: A Great Place to Retire for Your Health

In the heart of Kentucky’s bluegrass country, Lexington offers horse culture, Kentucky Wildcats basketball, and plenty of specialists at Baptist Health Lexington.

Lexington is home to the University of Kentucky (where the Wildcats play) and Keeneland Race Track (where you can see thoroughbred horse racing). Its low taxes, low cost of living and affordable housing make it a great place to retire, too. It’s one of 10 small or midsize cities we found that offer first-class health care.

Lexington stats

Population: 322,000

What $300,000 will buy: 1-bedroom, 1.5-bath, 984-square-foot penthouse condo with a view of downtown

Best place to exercise: Raven Run Nature Sanctuary

5-star hospital*: Baptist Health Lexington

The city, in the heart of Bluegrass Country, is surrounded by horse farms. A visit to the Kentucky Horse Park ($20) gets you access to the International Museum of the Horse as well as American Saddlebred Museum. You’ll find locally owned boutiques at The Shops at Lexington Center, in the heart of the city. Nearby is Rupp Arena, where the Wildcats routinely demolish their opponents.

Outdoor enthusiasts can get their fix at Jacobson Park, a 216-acre park in east Lexington, which has fishing and boat rentals. Another option south of the city is Raven Run Nature Sanctuary, a 734-acre park along the Kentucky River that has more than 10 miles of hiking trails.

Baptist Health Lexington, located a few miles south of the city center, is a 391-bed facility that employs specialists in heart and stroke care, cancer, orthopedics, and rehabilitation.

The median home price in Lexington is about $166,000, according to the National Association of Realtors. If you’re looking to rent rather than buy, $995 per month will get you a 1,200-square-foot downtown condo with three bedrooms and one bath.

Kentucky is one of Kiplinger’s top-10 tax-friendly states for retirees. It exempts Social Security benefits from state income taxes, plus up to $31,110 per person in retirement income.

Blue Grass Airport is five miles west of the city and offers direct flights to a slew of cities on the East Coast and in the Midwest.

* Rating developed by the Centers for Medicare and Medicaid Services.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 12 Best Tech Stocks to Buy for 2022
tech stocks

The 12 Best Tech Stocks to Buy for 2022

The best tech-sector picks for the year to come include plays on some of the most exciting emergent technologies, as well as several old-guard mega-ca…
January 3, 2022
How to Know When You Can Retire
retirement

How to Know When You Can Retire

You’ve scrimped and saved, but are you really ready to retire? Here are some helpful calculations that could help you decide whether you can actually …
January 5, 2022

Recommended

22 Best Retirement Stocks for an Income-Rich 2022
dividend stocks

22 Best Retirement Stocks for an Income-Rich 2022

Ideally, your retirement stocks will help you generate a sizable and reliable income stream. These 22 dividend payers make the grade.
January 21, 2022
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

12 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
January 21, 2022
14 IRS Audit Red Flags for Retirees
retirement

14 IRS Audit Red Flags for Retirees

Seniors beware: Your actions can increase the chances of the IRS giving your tax return a closer look.
January 21, 2022
A Charitable Trust With Many Benefits for Retirees
Charity

A Charitable Trust With Many Benefits for Retirees

You can use a charitable remainder trust to help support causes you love and leave money to heirs in a way that mimics the old "stretch" IRA.
January 20, 2022