01 - Taxes
Retirement Tax Treatment
Massachusetts taxes income but leaves Social Security benefits untouched, which helps retirees depending on that income stream.
Source · Tax Foundation
8
Fact text
- Carter's, the beloved children's clothing brand, was born in Needham Heights in 1865 as a humble knitting mill.
- Needham and Wellesley high schools have played a Thanksgiving football rivalry since 1882, making it the second-longest running high school football rivalry in the U.S.
- A 19th-century Needham landowner built his own amusement park complete with exotic animals, tunnels, trick floors, and mirrors on his 800-acre estate.
- The dirt under Boston's famous Back Bay neighborhood came from Needham, trains made 16 trips a day hauling fill to create an entirely new part of the city.
- In 2005, Needham became the first place on Earth to raise the legal tobacco-buying age to 21.
Your
Needham
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.
31177
+
Total Population
$
174707
Median Income
$
900200
Median Home
20
%
Age 65+
Retirement Suitability
How
Needham
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
24
Healthcare
64
Climate
9
Results
Needham
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
24
03 - Healthcare
Hospital Access & Quality
The area has
4
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
19
°F, with roughly
44
″ 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
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