01 - Taxes
Retirement Tax Treatment
Minnesota exempts most middle-income retirees from Social Security taxes, applying them only above certain income thresholds.
Source · Tax Foundation
0
Fact text
- Cottage Grove has more land along the Mississippi River than any other city in Minnesota, riverfront royalty!
- 3M has been making adhesives, industrial polymers, and reflective road signs in Cottage Grove since 1947.
- The city was once known for hosting Minnesota's very first creameries, back when butter was basically big business.
- Cottage Grove throws an annual Strawberry Fest complete with a parade, carnival rides, fireworks, and live bands, all in the name of strawberries.
Your
Cottage Grove
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.
37120
+
Total Population
$
102600
Median Income
$
261500
Median Home
12
%
Age 65+
Retirement Suitability
How
Cottage Grove
ranks for retirees?
48
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
90
Healthcare
82
Climate
4
Results
Cottage Grove
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
90
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
Cold / Snowy
climate — summers peak near
80
°F, winters dip to about
8
°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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