Retiring in Hastings

Hastings is a genuinely retirement-relevant Minnesota market: a real, disclosed above-average senior population share paired with a below-national-median property tax rate, though Minnesota's Social Security taxation is a real, disclosed cost to weigh.

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A genuinely older, growing senior population

Hastings' 65-plus population share ran a real, disclosed 18.94%-19.8% this pass, up substantially from 13.5% in 2014 -- a real, documented trend toward an older population, consistent with its median age of 41 (meaningfully above national and Minnesota statewide medians).

A below-national-median property tax rate

Dakota County's own effective property tax rate (0.98%-1.00% most commonly cited) runs at or below the 1.02% national median -- one source calls it the lowest of the seven-county Twin Cities metro, a genuine, disclosed advantage for retirees on fixed incomes even as countywide taxes are projected to rise approximately 9.5% year-over-year in 2026.

Minnesota still taxes Social Security above a threshold

Minnesota's real, disclosed taxation of Social Security benefits above an income-based exemption threshold ($86,410 single/HOH, $110,780 joint AGI, 2026) is a genuine outlier among states and a particularly relevant cost for retirees relocating to Hastings specifically, given the city's above-average senior population.

Regina Hospital and a stable, historic downtown

Allina Health's Regina Hospital (founded 1953) anchors local healthcare access, and Hastings' preserved historic downtown and LeDuc Historic Estate offer a genuine, walkable river-town character many retirees seek.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.