01 - Taxes
Retirement Tax Treatment
Minnesota exempts most middle-income retirees from state tax on Social Security benefits, with taxation kicking in only above certain income thresholds.
Source · Tax Foundation
0
Fact text
- Post Consumer Brands, the company behind cereals like Honey Bunches of Oats, has called Lakeville home since 2015.
- A famous racehorse named Dan Patch was so beloved that a lake and a railroad line were both renamed in his honor right here in Lakeville.
- Lakeville's Airlake Industrial Park got its clever name by mashing together 'air' (for its on-site airport) and 'lake' (for nearby Lake Marion).
- The Vermillion River, which flows right through Lakeville, is officially designated a trout stream by the Minnesota DNR, casting distance from suburbia.
Your
Lakeville
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.
65710
+
Total Population
$
112020
Median Income
$
325400
Median Home
9
%
Age 65+
Retirement Suitability
How
Lakeville
ranks for retirees?
45
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
79
Healthcare
82
Climate
3
Results
Lakeville
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
79
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
Cold / Snowy
climate — summers peak near
80
°F, winters dip to about
11
°F, with roughly
42
″ 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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