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The stereotypical vision of retirement might involve a couple of rocking chairs, some knitting needles, and maybe a crossword puzzle or two. But if you’re looking to get active and travel often, you need to find a retirement destination that supports your desire to get up and go. In other words, you need somewhere that’s affordable, retirement-friendly, and located within easy driving distance of a major airport.
Florence, Kentucky may not be an obvious choice for retirement, but you’d be surprised at the amenities and affordability it offers—not to mention its accessibility, vibrant food scene, and fun traditions (like horse racing). With a population just over 33,000, this midsize Midwest gem should certainly be worth your consideration for retirement.
Key Takeaways
- Florence is located just seven miles from the Cincinnati/Northern Kentucky International Airport (CVG), offering retirees easy access to domestic and international flights.
- With a median home value of $253,200, property prices in Florence are well below the national average.
- Florence offers a culturally diverse food scene, unique historical sites, and nature parks that help residents enjoy an active and fulfilling lifestyle in retirement.
- This lesser-known retirement destination is located in northern Kentucky, making it centrally located to several major metropolitan areas, including Cincinnati, Lexington, and Louisville.
Travel Accessibility
Located just across the Ohio River from Cincinnati, Florence is a mere seven miles from the Cincinnati/Northern Kentucky International Airport (CVG). With flights operating through 12 major airlines, including Delta, American Airlines, United, Southwest, and more, Florence residents can enjoy nonstop trips around the country—even as far as Paris, London, and Montego Bay.
If you’d rather travel in leisure, Amtrak offers train rides across the country, which you can catch from the Cincinnati Union Terminal (only about nine miles away).
For local travel, residents make great use of the town’s close proximity to the Ohio River. Several ferry boats run daily, connecting Florence with other cities along Indiana, northern Kentucky, and Ohio.
And of course, you always have the option of heading out on the open road and exploring this little slice of the Midwest all on your own. Florence is nestled in the upper corner of Kentucky with proximity to major cities in Ohio and Indiana.
Head up north just a few miles to Cincinnati and explore the world-renowned Cincinnati Zoo, enjoy a bourbon tasting down in Lexington, or plan a Derby Day celebration in Louisville. Each major city is less than an hour and a half drive from Florence and offers retirees no shortage of things to do. If you’re up for a longer drive, Indianapolis is just about two hours west and home to the famous Indy 500, Indianapolis Colts, and state-of-the-art museums.
In between these major metropolitan areas, you’ll find plenty of charming small towns with unforgettable barbecue and classic Americana landscapes.
Cost of Living and Affordability
Median household income in Boone County (where Florence is located) is around $94,752, about $14,000 higher than the national median of $80,610. But here’s some good news: Florence’s home prices trend more affordable than other, more popular retirement destinations.
The county’s median home value is $253,200, up slightly from the state’s average home value of $223,225 (as of May 31, 2025). But, both Kentucky’s broader real estate market and the city of Florence stay well under the national median in home values. In the first quarter of 2025, for reference, the national median home value was $416,900.
If you’re thinking about relocating to Florence from another city or state, you may find that your savings stretch further in Kentucky—and your homebuying purchasing power is greater. Just consider the median monthly housing costs as an example. In Florence, residents spend around $1,294 a month on rent, mortgage payments, and related home costs. That’s around 60% of the national average of $2,120 per month.
As we mentioned earlier, this retirement destination may be particularly attractive for those who are interested in traveling frequently, whether that’s on a plane, train, ferry, or in the car. On average, Florence residents spend around $1,411 on transportation, which includes car payments, car insurance, gas, plane or train tickets, and other related expenses. That’s a bit higher than the national average of $1,097 per month.
Important
Living on a fixed income or limited resources is a common concern for retirees. Lesser-known retirement destinations like Florence can be an even more attractive option thanks to their overall lower cost of living.
Taxes in Florence, Kentucky
The state of Kentucky imposes a flat 4% income tax rate for all residents, though Boone County implements a 0.8% local tax as well. Florence residents should expect to spend around $875 in monthly taxes.
An important note for retirees, Kentucky is one of the few states that imposes an inheritance tax on residents. If your loved ones receive an inheritance from you, they may be required to pay tax on the value of that property. The good news is that most close relatives are exempt from this tax, including your:
- Spouse
- Parents
- Children
- Grandchildren
- Siblings
Other relatives, however, may be subject to the inheritance tax if you’re residing or own property in Kentucky at the time of death.
Lifestyle Considerations for Retirees
Life in Florence is quiet and relaxed, with plenty of good food and good company. You won’t have any trouble stumbling across restaurants serving cuisine from around the world—from famous Cincinnati-style chili to scratch-made Mexican, Thai, and everything in between.
While you can always head to the airport or explore by car, Florence has plenty to do right within the city limits. Retirees can enjoy strolling through the 15-acre nature park or visit the Big Bone Lick State Historic Site and discover where woolly mammoths used to roam. If you’d like to take a trip back in time, nearby Rabbit Hash is home to the idyllic Rabbit Hash General Store and other fun relics.
For those who are looking for a more relaxed atmosphere, but still want to stay within close proximity to larger cities, Florence offers that ideal balance of Midwest charm and easy access to large amenities (like Cincinnati’s hospital networks and entertainment offerings).
Other Things To Consider
Florence’s population has been steadily growing—but it’s not experiencing the big population boom or high demand that other retirement destinations are.
Thinking ahead to what you may need in retirement, the county is home to 10 hospitals and 264 health care establishments. Though, again, you may need to visit Cincinnati or another larger metropolitan area for more specialized care. Considering the need for ongoing care increases the older you get, understanding your options for health care in any future retirement destination is important.
Weather in Florence, Kentucky
Unlike most popular southern retirement destinations, Kentucky is a four-season state—and you should prepare for high humidity and hot, sunny days all summer long. If you’re hoping to see some snow, Florence is far enough north to receive some winter weather each year (making it one of the few areas of Kentucky that does).
The Bottom Line
Florence, Kentucky may be a surprising choice for retirement, but it’s one you shouldn’t cross off your list just yet. If you’re looking to relocate to an area with proximity to an airport, major metropolitan areas, and a relaxed, Midwest atmosphere, it may be worth visiting Florence sometime soon. While Kentucky isn’t home to world-famous beaches, you’ll find plenty of ways to spend your days relaxing in the Bluegrass State (possibly with a splash of world-class bourbon in your cup).
