Fact text

  • Oakland's Lake Merritt became the United States' very first officially designated wildlife refuge back in 1870, beating every national park to the punch.
  • Oakland was chosen as the western terminus of the Transcontinental Railroad in 1869, making it literally the end of the line for the most ambitious engineering project of its era.
  • The city's name traces back to its massive ancient oak forests, Spanish settlers called the area 'Encinar,' meaning 'oak grove,' and the name just stuck.
  • The first campus of the University of California was actually founded in Oakland, before the school packed up and moved to nearby Berkeley in the 1870s.
Your
Oakland
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.
Stat icon
422575
+
Total Population
Stat icon
$
80143
Median Income
Stat icon
$
730000
Median Home
Stat icon
13
%
Age 65+
Retirement Suitability
How
Oakland
ranks for retirees?
25
/ 100

A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.

Tax
8
Affordability
3
Healthcare
38
Climate
72

Results

Oakland

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
8

California taxes most retirement income but leaves Social Security benefits untouched, and the state sales tax starts at 7.25%.

State sales tax here runs about

7

%.

Source · Tax Foundation
8
7
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
3

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
3
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
38

The area has

11

Medicare-certified hospitals, averaging a

3

/5 CMS quality rating.

Source · CMS Hospital Compare
3
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
72

A

Mild

climate — summers peak near

72

°F, winters dip to about

45

°F, with roughly

0

″ of snow a year.

Source · NOAA Climate Normals
Mild
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Very High

FEMA's overall natural-disaster risk rating for this county on the National Risk Index.

Source · FEMA National Risk Index
Very High

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