Thursday, July 13, 2017
Northfield, MN rests peacefully within a majestic tree-scape just forty-five miles south of the hustle and bustle of the Twin Cities. The city houses two colleges: St. Olaf College and Carleton College. The presence of these institutions injects a youthful element into a city with a substantial population of retirees. The city’s unique character caters to lovers of the arts with a plethora of music festivals, film screenings, and live performances. The downtown area is a veritable hive of activity and features an open-air market each Saturday as well as festivals throughout the year.
Do not pack your bags too quickly though, as Minnesota is not a tax-friendly state for retirees. Income and sales tax rates are both very high, and Social Security income is taxed the same as on your federal tax return.
See Pat Mertz Esswein, Why Northfield, Minn., Is a Great Place to Retire, Kiplinger.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.