01 - Taxes
Retirement Tax Treatment
Michigan does not tax Social Security benefits, which can meaningfully reduce the state tax burden for retirees drawing Social Security income.
Source · Tax Foundation
8
Fact text
- Royal Oak got its name because a tree there reminded a surveyor of the oak where the King of England once hid from his enemies.
- The Detroit Zoo calls Royal Oak home, though it cheekily spills over into the neighboring city of Huntington Woods.
- Royal Oak calls itself the 'City of Trees,' thanks to an ambitious tree-planting campaign that kicked off in the 1930s.
- A hidden river runs beneath Royal Oak's streets, the Red Run was buried inside a six-foot pipe during the 1960s.
Your
Royal Oak
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.
59256
+
Total Population
$
83194
Median Income
$
236600
Median Home
14
%
Age 65+
Retirement Suitability
How
Royal Oak
ranks for retirees?
42
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
81
Healthcare
29
Climate
68
Results
Royal Oak
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
81
03 - Healthcare
Hospital Access & Quality
The area has
11
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
climate — summers peak near
°F, winters dip to about
°F, with roughly
″ of snow a year.
Source · NOAA Climate Normals
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 · Michigan
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