01 - Taxes
Retirement Tax Treatment
Michigan does not tax Social Security benefits, giving retirees a meaningful break on one of their largest income sources.
Source · Tax Foundation
8
Fact text
- Oscar-winning actor J.K. Simmons, the intense drumming instructor from *Whiplash*, hails from Grosse Pointe Woods.
- The city was originally called "Lochmoor" when it incorporated in 1927, then quietly swapped names to Grosse Pointe Woods in 1939, a glow-up 12 years in the making.
- Grosse Pointe Woods is the only one of the five Grosse Pointe suburbs with zero Lake St. Clair shoreline, so it cheekily owns a park in a neighboring city just to get some lakefront action.
Your
Grosse Pointe Woods
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.
15409
+
Total Population
$
111392
Median Income
$
259600
Median Home
19
%
Age 65+
Retirement Suitability
How
Grosse Pointe Woods
ranks for retirees?
29
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
96
Healthcare
4
Climate
12
Results
Grosse Pointe Woods
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
96
03 - Healthcare
Hospital Access & Quality
The area has
15
Medicare-certified hospitals, averaging a
2
/5 CMS quality rating.
Source · CMS Hospital Compare
2
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
80
°F, winters dip to about
19
°F, with roughly
28
″ 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 High
Current Guaranteed Rates · Michigan
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