Montgomery Place's guide to retiring in Chicago
Mar 12, 2024 |

Guide to Retiring in Chicago

Whether you want to remain active in retirement or look forward to more peaceful days focusing on things you enjoy, Chicago has a lot to offer you or your loved one. The best neighborhoods and affordable living options make retiring in Chicago a top choice for many.

Montgomery Place: Senior Living Community in Chicago provides an array of services for a fulfilling retirement in the Windy City.

Why Seniors are Retiring in Chicago

A vibrant art scene, world-class restaurants, an excellent transportation system, and culture on every corner make Chicago one of the most livable cities in the United States.

Retired citizens of Chicago enjoy:

Retirement Income Tax Exemption

In Chicago, almost all retirement income is exempt from income taxes. That includes pensions, Social Security payments, and earnings from retirement savings accounts. For those who own their own homes, several property tax exemptions apply.

Good Healthcare

The state of Illinois has access to an excellent healthcare system. Home to some of the nation's top-ranked hospital systems, Chicago offers quality medical care to those who choose to retire here.

Central Location

Chicago's central location makes O'Hare International Airport one of the busiest airports in the world. An easy stopping point for airlines, you can access any destination from Chicago. For fun road trips, many of America's best Midwestern cities are just a short drive away.

Unbeatable Climate

The city of Chicago has four distinct seasons. You can experience lush springs with incredible blooms and warm summers that are perfect for swimming and outdoor activities. Picture-perfect falls with gorgeous colorful leaves give way to snowy winters and ice skating.

Chicago is a great place to retire if intense heat is not your thing.

Activities Galore

No matter what you're into, it's happening in Chicago. Home of the Chicago Cubs and America's second-oldest baseball stadium, Wrigley Field, it's a great place for baseball fans.

Offering some of the nation's most diverse cuisine, Chicago is filled with eateries, including classic diners, food trucks, and fine dining establishments, all within a block or two of each other. There are more than 23 Michelin restaurants located in our beautiful city.

Art lovers can choose from a variety of museums, art galleries, live music venues, and Broadway-style performances. The Chicago Symphony Orchestra is one of the finest in the country.

Excellent Transportation Infrastructure

Chicago has one of the best transportation systems in the U.S. The Chicago Transit Authority is a great option for those who don't want to drive or who have limited mobility.

Get to Know the Neighborhood in Chicago

Located in the historic neighborhood of Hyde Park, Montgomery Place provides lakefront senior living at its finest. Despite its proximity to Lake Michigan and the University of Chicago, Hyde Park is a compact and richly woven community that is easy to navigate and filled with interesting things to do. The neighborhood fully embraces Montgomery Park and vice versa.

Make the Most Out of Retirement

To get the most out of retirement, you need a place with the services and amenities you desire to call home. Montgomery Park offers:

  • Flexible dining options

  • Access to an indoor pool, fitness center, art studio, and garden

  • Social, cultural, and intellectual activities

  • Scheduled transportation to medical appointments

  • Bi-weekly housekeeping and linen services

  • Premium cable, internet, and utilities

  • A chef's kitchen, washer and dryer, and walk-in closets

Special accommodations such as salon and barber services, laundry and dry cleaning, custom interior design, and specialized nursing services are available for an additional fee.

Find a Community You Can Call Home in Chicago

If you are looking for the best place to retire in Illinois, Montgomery Place: Senior Living Community in Chicago is a community you'll be happy to call home. We are a not-for-profit organization with a 5-star CMS rating that has received accolades from U.S. News and World Report for our short-term stay rehab and skilled nursing home care.

Contact us to learn why we represent the ideal place to enjoy retirement years or to schedule a tour.

Featured Image: Rudy Balasko / Shutterstock

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Interview with WGN News: Personalized Senior Living Plans at Montgomery Place

You can give your loved one the care and attention they need at Montgomery Place Senior Living in Chicago, Il, and with Life Care at Home. Director Of Sales and Marketing Jeannie Mikso joins us now to how they help.

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Two of our oldest residents share their birthday celebration with the first Hyde Park baby of 2020.

Watch a heartwarming celebration as two of Montgomery Place's oldest residents come together to commemorate a special birthday, alongside the first Hyde Park baby of 2020. Witness the joy and connections that bridge generations and the power of community. Watch the video!

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Montgomery Place residents share their hydroponic harvest to help feed hungry families

NBC5 – Montgomery Place residents share their hydroponic harvest to help feed hungry families in surrounding communities.

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Hubbard Helps interviews Deborah Hart for a glimpse into how Montgomery Place has navigated this past year.

Hubbard Radio – Hubbard Helps interviews Deborah Hart for a glimpse into how Montgomery Place has navigated this past year.

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Montgomery Place staff members show residents just how much they are cared about.

ABC7 – Montgomery Place staff members show residents just how much they are cared about.

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