Fact text

  • Shorewood sits on Lake Minnetonka, meaning more than half the city's total area, nearly 8 square miles, is actually water.
  • Shorewood includes three Lake Minnetonka islands, one of which is charmingly named 'Enchanted Island.'
  • The city incorporated in 1956 for a surprisingly relatable reason: just to avoid being swallowed up by its neighbors.
Your
Shorewood
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
7939
+
Total Population
Stat icon
$
146029
Median Income
Stat icon
$
520500
Median Home
Stat icon
17
%
Age 65+
Retirement Suitability
How
Shorewood
ranks for retirees?
33
/ 100

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

Tax
0
Affordability
56
Healthcare
60
Climate
4

Results

Shorewood

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
0

Minnesota exempts most middle-income retirees from Social Security taxes, though benefits become taxable above certain income thresholds, worth watching given Shorewood's above-average incomes.

State sales tax here runs about

%.

Source · Tax Foundation
0
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
56

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
56
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
60

The area has

7

Medicare-certified hospitals, averaging a

4

/5 CMS quality rating.

Source · CMS Hospital Compare
4
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
4

A

Cold / Snowy

climate — summers peak near

80

°F, winters dip to about

8

°F, with roughly

″ of snow a year.

Source · NOAA Climate Normals
Cold / Snowy
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Relatively High

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

Source · FEMA National Risk Index
Relatively High

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