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Retirement Planning in Colbert County, AL

What does it take to retire comfortably in Colbert County? Here are the numbers.

Median Income

$56,149

Retirement Income (80%)

$44,919

Est. Nest Egg Needed

$631,675

Cost of Living Index

86

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,919
Est. Social Security$19,652
Annual Income Gap$25,267

Housing Costs

Median Rent$810/mo
Annual Housing$9,720
Property Tax Rate0.4%
Median Home Value$148,500

About Colbert County, Alabama

Colbert County in Alabama has a median household income of $56,149 and a homeownership rate of 71.0%. Using the 4% rule, retirees in this county would need approximately $631,675 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.

Plan Your Retirement in Colbert County

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Other Counties in Alabama

Jefferson CountyMobile CountyMadison CountyBaldwin CountyTuscaloosa CountyMontgomery CountyShelby CountyLee County

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.