01 - Taxes
Retirement Tax Treatment
Minnesota exempts most middle-income retirees from state tax on Social Security benefits, with taxes applying only above certain income thresholds.
Source · Tax Foundation
0
Fact text
- Someone in Inver Grove Heights literally built an 8-gabled house in 1876 just to one-up Hawthorne's famous House of Seven Gables.
- A 500-million-year-old meteor impact crater was discovered hiding under the city as recently as 2022.
- The city hosts Gertens Greenhouses, one of the largest garden centers in the entire United States.
- Inver Grove Heights is home to the largest oil refinery in Minnesota, which also ranks 14th biggest in the whole country.
Your
Inver Grove 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.
35492
+
Total Population
$
83155
Median Income
$
273000
Median Home
16
%
Age 65+
Retirement Suitability
How
Inver Grove Heights
ranks for retirees?
51
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
66
Healthcare
82
Climate
68
Results
Inver Grove 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
66
03 - Healthcare
Hospital Access & Quality
The area has
1
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
″ 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 Moderate
Current Guaranteed Rates · Minnesota
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