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Schaumburg is a suburb of Chicago in Cook County, Illinois. Its tight-knit community and popular attractions have made Schaumburg an ideal retirement destination. Not only this, but this suburb is home to plenty of outdoor recreation and the popular Woodfield Mall.
Climate & Geography
Schaumburg is a northwestern suburb within the Chicagoland area. Summers in the region are warm to hot and humid, while winters can be cold to freezing with plenty of snowfall. Residents can also expect about 200 sunny days a year.
Similar to the majority of Illinois, Schaumburg is characterized by plains and flat land, and the city itself is mostly made up of residential neighborhoods.
Recreation, Culture & Entertainment
Schaumburg is known for its neighborly feel and relaxed environment, but also for its exciting attractions. One of the most popular landmarks of the city which attracts outsiders and locals alike, is the Woodfield Mall, the 11th largest mall in the U.S with over 300 stores. Here, residents will find plenty of shops and restaurants with all the necessities one would need.
Aside from the mall, Schaumburg also has many opportunities for outdoor recreation. This includes the Ned Brown Preserve and Spring Valley Nature Center & Heritage Farm. Both of these locations are ideal for active adults who enjoy hiking, swimming, camping, and more.
Not to mention, Schaumburg is also within driving distance of Chicago, a famous, world-class city with plenty more amenities to explore.
Cost of Living & Taxes
The cost of living in Schaumburg is only slightly higher than the national average, and the cost of housing is about the same as the U.S median.
In Illinois, Social Security benefits and income from retirement plans are all exempt from taxation. Also, the state’s flat income tax rate is relatively low. Additionally, residents who are 65 and older are eligible for certain tax breaks on their home, which can be up to $5,000. The sales tax rate in Illinois is 6.25 percent and Schaumburg does add a 3.75 percent tax on that rate.
There are ten highly rated hospitals and medical centers within a 15-mile radius of Schaumburg. Of these, three of them are nationally ranked by U.S News: Northwestern Medicine Central Dupage Hospital, Advocate Children’s Hospital-Park Ridge, and Advocate Lutheran General Hospital.