St. Paul vs Madison for Retirees (2026)
Scroll down for retirement income tax breakdown, healthcare estimates, and FAQ.
Your move simulator
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Estimated annual swing
+$651/yr
Favoring St. Paul for this income & household (illustrative).
With an extra $54/mo in St. Paul, you could max a Roth IRA contribution faster and still grow your savings buffer.
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While you’re comparing — don’t leave money on the table.
High-yield savings
Grow your move fund while rates are high
Even $54/mo extra earns meaningfully at 4–5% APY vs near-zero in checking.
Home + auto bundle
New state — compare rates before you sign
Moving to St. Paul resets your insurance profile. Bundling home + auto often saves 15–25%.
Supplemental health
St. Paul's lower taxes leave ~$1,272/yr more for healthcare
Health coverage varies by state. Review Medigap plans available in your new zip before moving.
Full retirement cost breakdown
| Metric | St. Paul Minnesota | Madison Wisconsin | Your impact |
|---|---|---|---|
| 1BR rent / month | $1,500Better | $1,650 | $1,800/yr saves in St. |
| Median home price | $310KBetter | $360K | — |
| State income tax | 9.9% | 7.7%Better | $1,650/yr saves in Madison |
| Sales tax (combined) | 8% | 5.4%Better | — |
| Monthly utilities | $195 | $162Better | $396/yr saves in Madison |
| Groceries index (US = 100) | 101Better | 101 | — |
| Est. healthcare / month | $485Better | $485 | — |
| Walk score (0–100) | 67 / 100Better | 55 / 100 | — |
| Overall COL index (100 = US avg) | 97Better | 97 | — |
Your biggest money opportunities based on this comparison.
Retirement tax savings
Madison saves ~$92/mo on a $50K retirement income
Keep more of your fixed income. Park the tax savings in a high-yield account to let it compound.
Complete the Picture
While you’re comparing — don’t leave money on the table.
Mortgages
See what you can afford in Madison
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Madison homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Which city is better for retirement — St. Paul or Madison?
Based on home prices, taxes on retirement income, walkability, and overall cost of living, St. Paul scores better for retirees. Median home prices are $310K in St. Paul vs $360K in Madison. The best choice still depends on climate, healthcare access, and proximity to family.
Is retirement income taxed in St. Paul or Madison?
Madison has the lower state income tax rate (7.7% vs 9.9%). Note that many states exempt Social Security income and some pension income from state taxes even when other income is taxed — check your specific state's retirement tax rules.
What is the estimated monthly healthcare cost in St. Paul vs Madison?
Based on national average retiree healthcare spending (~$500/month) scaled by each city's cost-of-living index, estimated monthly healthcare costs are approximately $485 in St. Paul and $485 in Madison. That's a difference of ~$0/month, or ~$0/year. Actual costs vary based on your Medicare plan, supplements, and health needs.
Can I afford to retire in St. Paul on a $50,000 annual income?
On a $50,000/year ($4,167/month) retirement income in St. Paul, rent alone would consume approximately 36% of your budget (1BR rent ~$1,500/mo) and healthcare another ~12%. That leaves roughly 52% (~$2,167/mo) for groceries, transportation, and other expenses. This is tight — a studio apartment or lower-cost neighborhood would help.
Which city is more walkable for retirees?
St. Paul has a higher walk score (67 vs 55 out of 100). Walkability is increasingly important for retirees who want to reduce car dependence — a score above 70 means most daily errands can be done on foot. St. Paul offers more independence without a car, which also reduces transportation costs.
$50K/year in St. Paul has the same purchasing power as $50K/year in Madison
Healthcare estimates based on national avg retiree spending (~$500/mo) scaled by COL index · State income tax rates from Tax Foundation · Data: Zillow, BLS, Numbeo · Q1 2026