6 Top-Ranked Towns in Indiana for Retirees
Indiana is one of the most affordable states for retirement, as ranked by multiple online resources. Forbes magazine lists Indiana as the 10th most affordable state, while The USA World News report describes the Hoosier State as having the 13th cheapest housing market. Complementing its high quality of life is a strong sense of local community, underscored by a rich culture and engaging community events. The essence of Indiana’s appeal lies in its community events, sports, and recreational opportunities that support an active lifestyle, further enhanced by Southern hospitality and friendly locals, living true to its reputation of warm hospitality. From the classic car haven of Auburn to the endless community events held in Madison, follow along to find your ideal new hometown in Indiana.
Peru
Peru tops every list and blog as one of the best places to retire in Indiana, offering a balanced ambiance of amenities and attractions. It is home to four top-notch healthcare facilities, with Dukes Memorial Hospital being notably significant. Peru also appeals to seniors with its array of senior living options, such as Hickory Creek at Peru and Blair Ridge Health Campus, which rank as top-rated options. With a population of 11,106 residents, seniors looking to own property in town can find homes at a median price of $113,500, which is 33% less than the national average. Additionally, Peru’s lively downtown area is the perfect place to spend a day learning about history, browsing locally owned businesses, and getting to know the locals. Notable city attractions include the Grissom Air Museum, the American Huey 369 Museum, and a range of eateries on North Broadway St, such as DeRozier’s Bakery and Boardwalk Cafe.
Logansport
Logansport combines outdoor recreation with a suburban feel, bordered by the Wabash and Eel Rivers and dotted with parks and preserves like Riverside Park and Flory Preserve, known for their hiking trails. Located 15 miles from the town of Peru, Logansport attracts retirees with its extensive care homes and assisted living facilities, with 22% of the town’s overall population being over 60. Aperion Estates, Hickory Creek Nursing Home, and Blair Ridge Health Campus rank among the top-rated assisted living options in Logansport. Highlights of the local living experience include enjoying live events at the State Theater, the off-road venues of the US 24 Speedway, and scenic natural picnic and recreation spots like France Park. The average home price in Logansport is valued at $182,000, with single-person expenses estimated to be $22,680.
Marion
Marion ranks as one of the best small towns for retirement in Indiana, thanks to its proximity to the major capital city of Indianapolis and its balance of rural ambiance with big city amenities. Despite having a higher crime rate than other top-rated small towns for retirement in Indiana, Marion offers an extensive range of retirement home options and quality medical centers like Marion Health Family Medicine Center and Marion General Hospital. Marion Grant County Senior Center, Northwood Manor, and Wesleyan Health and Rehabilitation Center are among the many assisted living options in town. A well-rounded shopping experience can be enjoyed on S Baldwin Ave, while the historic district on Washington St, featuring the iconic Grant County Courthouse, is dotted with eateries and restaurants such as Mama’s Hometown Market and Pompeii’s Ethnic Italian Restaurant for fine dining. Given its proximity of 85.9 miles to the center of Indianapolis, Marion stands as one of the most affordable places to retire in Indiana, with median home prices as low as $132,500.
Madison
Madison is renowned for its welcoming atmosphere and distinctive small-town vibe, enriched with historical charm. It strikes a balance between urban convenience and rich natural beauty, featuring historic buildings and scenic landscapes. Situated on the border of Indiana and Kentucky, separated by the Ohio River, Madison is conveniently located 55.2 miles from Louisville and 73.6 miles from Cincinnati. This proximity to major cities allows residents easy access to extensive shopping and healthcare facilities. Madison hosts a vibrant community life with events such as the Madison Regatta, Madison Ribfest BBQ & Blues, and the Chautauqua Festival of Arts, catering to socially active retirees. The town offers a variety of senior living options, including independent living at waterfront locations like Rivertrace Apartments and Pine Acres Nursing Home near Main Street. Due to its strategic location, the median home price in Madison is estimated at $289,950 as of 2024, nearly double that of a typical home in Indiana, with a crime rate 18% lower than the national average. Attractions like Lanier Mansion State Park and Clifty Falls State Park enhance Madison’s appeal as a comprehensive retirement community.
New Castle
Recognized nationally as a manufacturing hub, New Castle boasts a laid-back community with friendly locals. With a population of 17,465, the town embodies Indiana's reputation for affordability, offering homes at a median price of $137,000 according to 2024 real estate reports, ranking it among the most budget-friendly retirement destinations near Indianapolis, second only to Marion. New Castle is home to the Henry County Historical Society Museum, the Indiana Basketball Hall of Fame, and the Wilbur Wright Birthplace Museum, providing unique educational and historical insights. The town fosters a strong community spirit with attractions such as the Henry County Farmer’s Market and the Farmer’s Pike Festival, and local culinary delights at the Belgian Horse Winery. It also offers abundant natural spaces, including Summit Lake State Park and Westwood Park, making it an ideal retirement choice for nature lovers.
Auburn
Auburn, celebrated as the classic car capital, is a haven for enthusiasts with attractions like the Early Ford V-8 Foundation & Museum and the National Automotive and Truck Museum. The town also features a charming historical aspect with antique shops such as Antiques on Fifth and 2nd Round Antiques. Auburn has a small population of 13,593 and maintains a low diversity rate, primarily consisting of local residents. It remains an affordable option for purchasing property, with the average home price at $129,500 in 2024. Senior living options like Sunny Meadows Residential Home and Betz Senior Villas, alongside Parkview DeKalb Hospital, ensure a balance of care and independence, contributing to Auburn's appeal as a retirement destination.
The Takeaway
Indiana offers a diverse range of retirement options, each with its unique charm and advantages. The six top-ranked towns in Indiana for retirees stand out not only for their safety and affordability but also for their comprehensive medical facilities and senior living options. These towns exemplify the state's renowned southern hospitality, attracting retirees for their welcoming communities and quality of life.
