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Study shows Effingham as a Retirement Tax Friendly City in Illinois

Post Date:03/30/2018 2:45 PM

The City of Effingham ranked 8th out of the top 10 locations in the SmartAsset's analysis of sales, property, income, fuel and Social Security tax data on locations to rank on how friendly they are for retirees. To compare the cities in their study, they looked at a hypothetical retiree who receives $50,000 in income. The table below shows which cities lead Illinois in retirement tax friendliness.

 

Rank

City

Income Tax Paid

Property Tax Rate

Sales Tax Paid

Fuel Tax Paid

Social Security Taxed?

Retirement Tax Friendliness Index

1

Sumner, IL

$5,530

1.05%

$1,128

$26

Not Taxed

64.56

2

Round Lake Park, IL

$5,530

1.57%

$973

$176

Not Taxed

58.52

3

Robinson, IL

$5,530

1.59%

$973

$194

Not Taxed

57.87

4

East St. Louis, IL

$5,530

1.78%

$973

$115

Not Taxed

57.42

5

Metropolis, IL

$5,530

1.74%

$973

$164

Not Taxed

56.79

6

Centreville, IL

$5,530

1.85%

$973

$113

Not Taxed

56.60

7

Mount Carmel, IL

$5,530

1.75%

$973

$206

Not Taxed

55.77

8

Effingham, IL

$5,530

1.66%

$1,012

$234

Not Taxed

55.37

9

Auburn, IL

$5,530

1.68%

$973

$272

Not Taxed

55.17

10

Hillsboro, IL

$5,530

2.05%

$973

$83

Not Taxed

55.06