01 - Taxes
Retirement Tax Treatment
Minnesota exempts most middle-income retirees from state tax on Social Security benefits, with taxation kicking in only above certain income thresholds.
Source · Tax Foundation
0
Fact text
- The town name 'Andover' was supposedly born when a train 'went over and over' off the tracks, but that legend is totally made up.
- Andover was originally called 'Round Lake Township,' then renamed 'Grow Township,' before finally settling on Andover in 1899.
- Andover has produced not one but three professional women's ice hockey players, including Olympic goaltender Maddie Rooney.
Your
Andover
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.
33019
+
Total Population
$
112967
Median Income
$
305900
Median Home
13
%
Age 65+
Retirement Suitability
How
Andover
ranks for retirees?
30
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
85
Healthcare
29
Climate
3
Results
Andover
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
85
03 - Healthcare
Hospital Access & Quality
The area has
1
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
80
°F, winters dip to about
5
°F, with roughly
″ 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
Current Guaranteed Rates · Minnesota
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