01 - Taxes
Retirement Tax Treatment
Illinois does not tax Social Security benefits, which preserves a key income stream for retirees despite the state's flat income tax.
Source · Tax Foundation
8
Fact text
- Arlington Park once hosted the 2002 Breeders' Cup World Thoroughbred Championships, bringing the world's top racehorses right to this Chicago suburb.
- A local company called Sigwalt Sewing Machine cranked out 40,000 sewing machines between 1878 and 1883, before fire dramatically ended the whole operation.
- The Chicago Bears are eyeing a move to Arlington Heights, potentially trading iconic Soldier Field for a brand-new stadium on the old racetrack site.
Your
Arlington Heights
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.
75,071
+
Total Population
$
100,221
Median Income
$
352,000
Median Home
20
%
Age 65+
Retirement Suitability
How
Arlington Heights
ranks for retirees?
25
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
58
Healthcare
16
Climate
25
Results
Arlington Heights
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
58
03 - Healthcare
Hospital Access & Quality
The area has
43
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
81
°F, winters dip to about
19
°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
Very High
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Frequently Asked Questions
Does Illinois tax Social Security income for retirees in Arlington Heights?
Illinois does not tax Social Security benefits, which helps retirees in Arlington Heights preserve that income stream. This is meaningful given the state’s flat income tax structure. Nearly one in five residents here is 65 or older, so understanding this exemption is a common part of local retirement income planning.
How can Arlington Heights retirees use a MYGA alongside Illinois tax rules to protect income?
Arlington Heights retirees enjoy one advantage right away: Illinois does not tax Social Security benefits, which stretches retirement income further. A multi-year guaranteed annuity, or MYGA, builds on that by locking a fixed interest rate for a set term, so you know exactly what your money earns regardless of market swings. That predictability helps cover essential expenses, especially in a community where nearly one in five residents is 65 or older. Current rates change often, so check our current annuity rates page for today’s figures.
How good are the hospitals near Arlington Heights for Medicare patients?
The Arlington Heights area is served by 43 Medicare-certified hospitals. However, those facilities average 2.79 out of 5 stars on CMS quality ratings, which indicates room for improvement. Retirees relying on Medicare may want to research individual hospital ratings rather than assuming uniform care quality across the network.
How harsh are Arlington Heights winters, and what should retirees know about the climate?
Arlington Heights has a cold, snowy climate with average winter lows near 19 degrees Fahrenheit and average summer highs around 81 degrees. For retirees weighing year-round livability, the winters are a practical consideration that can affect mobility, healthcare access, and day-to-day expenses like heating and home maintenance.
Is natural-disaster risk something Arlington Heights retirees should factor into their financial planning?
FEMA rates this county’s overall natural-disaster risk as Very High on its National Risk Index. For retirees with a median home value around $352,000, that rating is worth factoring into homeowners insurance coverage, emergency reserves, and estate planning to help protect assets that many households in this area have spent decades building.