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
- The city is literally named after a racehorse owner, Marion Willis Savage renamed the town after himself once his famous horse Dan Patch made him a celebrity.
- Dan Patch was so fast he set the world pacing mile record in 1906 at 1 minute 55 seconds, a record that stood unbroken for 54 years.
- Believe it or not, Savage was once a shipbuilding port: Cargill built 18 Navy oil carriers and 4 tugboats here during WWII, dredging 14 miles of the Minnesota River to make it happen.
- The town was originally called Hamilton, named after Hamilton, Ontario, Canada, by an Irish immigrant who apparently really missed his old neighborhood.
Your
Savage
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.
31758
+
Total Population
$
116895
Median Income
$
326800
Median Home
10
%
Age 65+
Retirement Suitability
How
Savage
ranks for retirees?
24
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
0
Affordability
82
Healthcare
9
Climate
7
Results
Savage
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
82
03 - Healthcare
Hospital Access & Quality
The area has
2
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
81
°F, winters dip to about
10
°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 Low
Current Guaranteed Rates · Minnesota
Lock in guaranteed retirement income
Showing rates for Minnesota
Updated weekly · Last updated June 2026
Company
Rating
Product
Rate
Term
See all Minnesota rates →
Not sure which fits you?Get my free personalized quote →
Keep Learning
Free retirement education from Annuities.net — no signup required.
Retirement Planning
Empower Your Retirement Planning: How Free Annuity Quotes Can Guide Your Strategy
Free annuity quotes help you compare rates, understand options, and build a secure retirement plan. Use unbiased resources like Annuities.net to make informed decisions and ensure steady lifetime income.
Read more
Investing
Why Independent Annuity Guidance Makes a Difference for Your Nest Egg
Independent, unbiased annuity guidance helps protect your nest egg by offering clear, conflict-free advice. Use free quotes from Annuities.net to make informed retirement planning decisions.
Read more
Retirement Planning
Unlock Your Retirement Potential: Why Independent Financial Advice Matters
Independent financial advice is crucial for unbiased, personalized retirement planning. Annuities.net offers free, transparent annuity quotes and expert guidance to secure steady income and financial peace of mind.
Read more
Hosted by Michael McMillan, President of Annuities.net
More videos on our channel →Ready to Secure Your Retirement Future?
Join thousands of Americans who've taken control of their retirement planning with expert guidance and proven strategies.