01 - Taxes
Retirement Tax Treatment
New York does not tax Social Security benefits, though retirees are subject to state income tax on other income sources.
Source · Tax Foundation
8
4
Fact text
- Captain Kangaroo, the beloved TV neighbor to millions of kids, actually lived right in Babylon Village.
- LL Cool J, one of hip-hop's biggest legends, spent his formative years growing up in North Babylon in the 1970s and 80s.
- Dee Snider of Twisted Sister, the hair-metal band that screamed 'We're Not Gonna Take It', once called North Babylon home.
- Rodney Dangerfield, the king of 'I don't get no respect' comedy, is among Babylon's notable residents.
- The village of Amityville, made world-famous by a certain horror franchise, is right here inside the Town of Babylon.
Your
Babylon
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.
12,011
+
Total Population
$
128,500
Median Income
$
485,700
Median Home
18
%
Age 65+
Retirement Suitability
How
Babylon
ranks for retirees?
48
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
49
Healthcare
89
Climate
42
Results
Babylon
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
5
% on 5-year terms, with most landing between
4
% and
5
%.
Source · Cannex
49
03 - Healthcare
Hospital Access & Quality
The area has
9
Medicare-certified hospitals, averaging a
4
/5 CMS quality rating.
Source · CMS Hospital Compare
4
04 - Climate
Weather & Comfort
A
Temperate
climate — summers peak near
80
°F, winters dip to about
26
°F, with roughly
″ of snow a year.
Source · NOAA Climate Normals
Temperate
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 High
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Frequently Asked Questions
Does New York state tax Social Security benefits for retirees in Babylon?
New York does not tax Social Security benefits, which can help retirees in Babylon preserve more of that income. However, other retirement income sources may still be subject to New York state income tax. Retirees should review how their full income picture — pensions, withdrawals, annuity payments — is treated under state tax rules.
What are the hospitals like near Babylon, NY for Medicare patients?
Babylon is served by 9 Medicare-certified hospitals, and those facilities average 4.11 out of 5 stars on CMS quality ratings. That combination of quantity and above-average quality scores suggests relatively strong healthcare access for retirees in the area who rely on Medicare coverage.
How expensive is housing in Babylon, NY for someone planning retirement?
The median home value in Babylon is $485,700, which reflects the broader Long Island cost of living. For retirees evaluating whether their savings and income streams can support staying in the area, housing costs are a significant factor to weigh alongside ongoing expenses like property taxes and insurance.
What natural disaster risks should retirees in Babylon, NY be aware of?
FEMA rates the county’s overall natural-disaster risk as Relatively High on its National Risk Index. This is worth factoring into decisions about property insurance, flood coverage, and emergency preparedness. Retirees on fixed incomes may want to ensure their financial plans account for potentially higher insurance costs in this risk environment.
Can a guaranteed annuity help provide steady income for retirement in a high-cost area like Babylon?
Nearly one in five Babylon residents is 65 or older, and with median home values near $485,700, fixed costs here are real. A multi-year guaranteed annuity locks in a set interest rate for a chosen term, converting a lump sum into predictable growth. That certainty can help cover essential expenses regardless of market swings. New York does not tax Social Security, but other income sources face state tax — worth weighing when sizing any annuity. Current rates change often, so check our current annuity rates page for today’s figures.