01 - Taxes
Retirement Tax Treatment
Illinois does not tax Social Security benefits, offering retirees a meaningful break despite the state's flat income tax.
Source · Tax Foundation
8
Fact text
- Mr. T once angered the entire town by chainsaw-clearing over 100 oak trees from his estate, locals dubbed it the 'Lake Forest Chain Saw Massacre'.
- Lake Forest tried to ban the sale of offensive music to minors in 1992, and the name that kept coming up in city council debates was Ice-T.
- Every September, residents celebrate nature preservation with a 'Bagpipes and Bonfire' event, because apparently bagpipes and controlled fires are a perfectly natural combination.
- Market Square, completed in 1916, is considered one of the first planned shopping centers in the United States.
- Frank Lloyd Wright and Frederick Law Olmsted are among the legendary designers who left their mark on this one small Chicago suburb.
Your
Lake Forest
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.
19497
+
Total Population
$
189118
Median Income
$
818000
Median Home
25
%
Age 65+
Retirement Suitability
How
Lake Forest
ranks for retirees?
38
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
37
Healthcare
82
Climate
13
Results
Lake Forest
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
37
03 - Healthcare
Hospital Access & Quality
The area has
5
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
81
°F, winters dip to about
18
°F, with roughly
33
″ 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
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