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Richmond
Richmond
Kentucky
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Richmond is a home rule-class city in and the county seat of Madison County, Kentucky, United States. It is named after Richmond, Virginia, and is the home of Eastern Kentucky University. The population was 33,533 in 2015. Richmond is the third-largest city in the Bluegrass region (after Louisville and Lexington) and the state's sixth-largest city. Richmond serves as the center for work and shopping for south-central Kentucky. Richmond is the principal city of the Richmond–Berea Micropolitan Statistical Area, which includes all of Madison and Rockcastle counties.

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Low cost of living, but terrible walkability and complete lack of transportation options. If driving is an issue, you're STUCK. Not many volunteer opportunities, but many seniors work in minimum wage jobs as Walmart greeters and such. Near Lexington, where there are cultural and sports amenities,but not many in Richmond.

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Taxes

B+

How did Kentucky earn the grade of B+? We examined the state taxes based on how age friendly they are. Kentucky has a state sales tax of 6.00%. Of particular interest is that Kentucky does not have taxes on social security. There are no estate taxes. There are taxes imposed on inheritance. Kentucky has an effective property tax rate of 0.85%. Weighing these taxes and other taxes most likely to impact the aging population is how Kentucky earned its state tax grade of B+.

Learn more about taxes in Kentucky

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