Olympia Fields, IL 55+ Active Adult Retirement Communities

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Overview 

A southern suburb of Chicago, Olympia Fields is a small, residential town built around a country club. Residents enjoy easy access to golfing and outdoor recreation, as well as a Metra train that runs through the center of the town. In addition, local farmers markets, a performing arts center, and nearby shopping centers make this a popular retirement destination for active adults.

Climate & Geography 

Olympia Fields features a continental climate typical of Northern Illinois. Summers are warm, featuring hot and humid spells as well as frequent thunderstorms. Winters are cold with long lasting freezing temperatures. Snowfall and rainfall are average, and residents can expect 187 days of sunshine each year.

The terrain of Northern Illinois is generally flat and level. The Olympia Fields Country Club is in the center of the city, and the Forest Preserves of Cook County are directly northwest.

Recreation, Culture, & Entertainment 

Built around the Olympia Fields Country Club, golfing is the main source of outdoor recreation in the city. In addition, residents can visit Tolentine Park and Sergeant Means Park for natural, wooded areas, or head to the Iron Oaks Environmental Learning Center, a 40-acre nature preserve with trails and wildlife viewing.

The city itself has several chain stores, like Walmart, Meijer, and Marshalls. For larger shopping, Orland Square shopping mall in Orland Park is a popular destination for designer and high-end shops and restaurants. There are also nearby farmers markets in Homewood and Park Forest.

Other amenities in the area include a 1,200-seat performing arts center, offering concerts, ballet, opera, and children’s shows. Besides this, all the major amenities and cultural centers of downtown Chicago are under an hour away by either Metra train or car.

Cost of Living & Taxes

The cost of living in Olympia Fields matches the national average. Many factors, like health care and housing, are below average, but transportation is above.

Illinois is tax friendly to retirees. No retirement income, including Social Security, pensions, IRAs, and 401(k)s are taxed. Property taxes are very high, but there is a homestead exemption aimed at retirees. Sales taxes in the state are also high, and medicine and groceries are taxed at lower, local rates.

Health Care

The Chicago metro area ranks in the top 85 communities on Gallup’s Well-Being Index.

Franciscan Health Olympia Fields, located in the city, is rated high performing by U.S. News. St. Catherine Hospital-East Chicago in East Chicago is another nearby high performing hospital. In addition, Advocate Christ Medical Center in Oak Lawn is nationally ranked.

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