01 - Taxes
Retirement Tax Treatment
Illinois does not tax Social Security benefits, which helps stretch retirement income despite the state's flat income tax.
Source · Tax Foundation
8
Your
Centralia
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.
12,354
+
Total Population
$
39,117
Median Income
$
75,600
Median Home
22
%
Age 65+
Retirement Suitability
How
Centralia
ranks for retirees?
55
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
99
Healthcare
56
Climate
74
Results
Centralia
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
99
03 - Healthcare
Hospital Access & Quality
The area has
2
Medicare-certified hospitals, averaging a
4
/5 CMS quality rating.
Source · CMS Hospital Compare
4
04 - Climate
Weather & Comfort
A
climate — summers peak near
°F, winters dip to about
°F, with roughly
9
″ of snow a year.
Source · NOAA Climate Normals
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 Low
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Frequently Asked Questions
Does Illinois tax Social Security retirement benefits?
Illinois does not tax Social Security benefits, which can meaningfully stretch a fixed retirement income. Given that the state does apply a flat income tax to other income types, this exemption is worth understanding when estimating your overall tax burden in retirement. Residents in lower-income areas like Centralia may find this especially relevant given a median household income around $39,117.
What hospitals are available near Centralia, IL for Medicare patients?
Two Medicare-certified hospitals serve the Centralia area, averaging 3.5 out of 5 CMS stars. That rating reflects a competent baseline of care rather than exceptional or poor performance. For retirees evaluating healthcare access, this means local options exist, though individuals with complex medical needs may want to research specialists and services beyond the immediate area.
How affordable is housing in Centralia, IL for retirees on a fixed income?
The median home value in Centralia is $75,600, which is considerably lower than national averages. For retirees managing a fixed income, lower housing costs can reduce the amount of guaranteed income needed to cover basic expenses. With nearly 22 percent of residents aged 65 or older, the community has a notably large retiree presence.
What is the natural disaster risk for retirees living in Centralia, Illinois?
FEMA’s National Risk Index rates this county’s overall natural-disaster risk as Relatively Low. That classification can be a practical consideration for long-term retirement planning, as lower disaster risk may reduce concerns about property damage, insurance costs, and disruptions to daily life. Annual snowfall averages just 9 inches, suggesting mild winter weather as well.
How do MYGAs help Centralia retirees manage income predictably?
Nearly 22% of Centralia’s roughly 12,354 residents are 65 or older, making guaranteed income a real priority here. A multi-year guaranteed annuity, or MYGA, locks in a fixed interest rate for a set term, so your growth is predictable regardless of market swings. That stability helps cover essential expenses alongside Social Security, which Illinois does not tax. Because rates change constantly, check our current annuity rates page for today’s figures.