Retirement Planning in Kodiak Island Borough, AK

What does it take to retire comfortably in Kodiak Island Borough? Here are the numbers.

Median Income

$91,138

Retirement Income (80%)

$72,910

Est. Nest Egg Needed

$1,025,300

Cost of Living Index

140

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$72,910
Est. Social Security$31,898

Annual Income Gap$41,012

Housing Costs

Median Rent$1,646/mo
Annual Housing$19,752
Property Tax Rate1.0%

Median Home Value$355,000

About Kodiak Island Borough, Alaska

Kodiak Island Borough in Alaska has a median household income of $91,138 and a homeownership rate of 56.6%. Using the 4% rule, retirees in this county would need approximately $1,025,300 in savings to cover the gap between Social Security and their target retirement income.

These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.

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Other Counties in Alaska

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.