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
- Minneapolis is the birthplace of General Mills, Pillsbury, and Target, so breakfast, baking, and bargain shopping all trace back to one city.
- Saint Anthony Falls is the only natural waterfall on the entire Mississippi River, and Minneapolis literally grew up around it.
- During the 1800s, Minneapolis was simultaneously the flour milling AND lumber milling capital of the entire world, a two-fer no other city could claim.
- The city's name is a mashup of the Dakota word for water ('mni') and the Greek word for city ('polis'), a genuinely creative hybrid.
- Musician Prince was a regular at the First Avenue nightclub, making that downtown venue one of rock royalty's favorite stomping grounds.
Your
Minneapolis
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.
424536
+
Total Population
$
66068
Median Income
$
268100
Median Home
10
%
Age 65+
Retirement Suitability
How
Minneapolis
ranks for retirees?
30
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
42
Healthcare
60
Climate
11
Results
Minneapolis
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
42
03 - Healthcare
Hospital Access & Quality
The area has
7
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
84
°F, winters dip to about
11
°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 High
Current Guaranteed Rates · Minnesota
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