There are 8 retirement homes serving Richmond, Kentucky. This includes 2 in Richmond and 6 nearby. Retirement home living costs in Kentucky range from around $22 to $154 per day, with a median cost running approximately $60. The monthly cost averages around $1,795 and ranges between $649 and $4,620. Annually, the mean cost is about $21,540, which is below the national average of $23,100.
The cost for retirement home living in Richmond can range from as little as $1,705 per month to $3,025 per month. The median cost is around $2,158 per month, or about $25,900 yearly.
Richmond is a mid size city in the State of Kentucky. It is located in Madison County. It is the 6th largest city in Kentucky. Though the city itself contains 55,803 residents, the encompassing area contains a populace of 1,261,664. Residents who are over 55 make up approximately 21% of the community.
Richmond has a medium SeniorScore™ of 67. The city has a mean per capita income of $22,000. The average household income is $41,000 compared to the average of $37,000 for the state of Kentucky. The current unemployment rate is roughly 9.05% and the average housing price is $114,000, which is somewhat less than the Kentucky average of $124,500.
Richmond has mild mean temperatures, with comfortable winters and temperate summers. The city gets large amounts of precipitation annually. Compared to other cities, Richmond has an average crime rate, subpar water quality, and excellent air quality ratings.