Retire in Bowling Green

Affordability

Find out how much it costs to live in Bowling Green.

Cost of Living

The tax situation is certainly better than average in the Bluegrass state-no social security tax, low state income taxes, and only partial pension taxing. Bowling Green specifically will have you taking your extra income to Bluegrass concerts in no time thanks to a very low cost of living.

Kiplinger Rating:

Tax Friendly

State Income Tax:

2-6%

Social Security Tax?

None

County + State Sales Tax

6%

Property Tax Rate *

0.6%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

2126

* 2008-2010

Cost of Living Index (100=average):

89.1

Housing + transportation costs as % of income:

53%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Mixed

Tax burden: % income going to state and local taxes:

9.5%

Inheritance and estate taxes (per Kiplinger):

Kentucky has an inheritance tax, but all Class A beneficiaries (spouse, parent, child, grandchild, brother and sister) are exempt. Other beneficiaries are subject to inheritance tax rates ranging from 4% to 16%. There is no estate tax.

Taxing of other retirement income (per Kiplinger):

Mixed

Property Tax Break for Seniors (per Kiplinger):

For homeowners 65 and older or totally disabled, $36,000 of the assessed value of their property is exempt from state taxes under the homestead provision for 2014.

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

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Real Estate overview not available for Bowling Green

To learn more about real estate in Bowling Green book a visit and we'll help you find the right place to live.

Work Potential

If you want to minimize your chances of being unemployed, Bowling Green may be a great location for you-only 0.4% of those over 65 are unemployed. Most seem to be finding work in manufacturing or the accommodation industries, the biggest hirers of late.

  • Area
  • National Average

5 Largest Companies

  • Western Kentucky University
  • Medical Center at BG
  • Union Underwear Co.
  • Sun Products
  • Warren County Board of Ed

GDP Growth Last 3 Years

11.4%

Income Growth Last 3 Years

11.8%

Employment Growth Last 3 Years

6.6%

Top Industries Hiring

  • Manufacturing
  • Accommodation and food services
  • Administrative and waste management services
  • Other services, except public administration
  • Healthcare and social assistance

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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