Lexington, Kentucky
Average housing cost: $708
Population age 65 or older: 10.5 percent
Walkability score: 34
Safety score: 8
Louisville may have the Kentucky Derby but Lexington comes out ahead with its affordable housing costs, which are the fifth-lowest on this list. Plus, Lexington is as horse-crazy as its Derby neighbors one hour to the west. The progressive southern city in north central Kentucky is transitioning as millennials are attracted to the area and putting down roots as they start families.
The benefits of this shift cater to senior citizens who are looking to enjoy their retirement while living on modest means. Though a car-dependent locale, downtown Lexington is expanding as more cafes, eateries, boutiques and art galleries open to meet residents’ demands. The city also maintains 131 public parks, which provide plenty of walking, running and biking trails.