01 - Taxes
Retirement Tax Treatment
Illinois does not tax Social Security benefits, which helps retirees keep more of their fixed income.
Source · Tax Foundation
8
Fact text
- From 1906 to 1913, car companies raced up Algonquin's steep hills to prove their vehicles worthy, earning a coveted 'stamp of approval' and national fame via the Algonquin Cup.
- Algonquin Commons, which opened in 2004, is the largest outdoor mall in Illinois, packing 80 stores into one giant open-air shopping playground.
- For much of the 20th century, Chicagoans treated Algonquin as a getaway resort town, flocking to the Fox River to escape city life, basically the Hamptons of the Midwest.
- A park literally called Hill Climb Park marks the original finish line of the old automobile hill climb races, keeping the quirky motorsport legacy alive.
Your
Algonquin
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
30848
+
Total Population
$
109819
Median Income
$
268100
Median Home
13
%
Age 65+
Retirement Suitability
How
Algonquin
ranks for retirees?
43
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
93
Healthcare
50
Climate
13
Results
Algonquin
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
93
03 - Healthcare
Hospital Access & Quality
The area has
Medicare-certified hospitals, averaging a
/5 CMS quality rating.
Source · CMS Hospital Compare
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
82
°F, winters dip to about
16
°F, with roughly
29
″ of snow a year.
Source · NOAA Climate Normals
Cold / Snowy
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively Moderate
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