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Retirement Planning in Macon County, AL

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

Median Income

$41,206

Retirement Income (80%)

$32,965

Est. Nest Egg Needed

$463,575

Cost of Living Index

63

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$32,965
Est. Social Security$14,422
Annual Income Gap$18,543

Housing Costs

Median Rent$688/mo
Annual Housing$8,256
Property Tax Rate0.5%
Median Home Value$93,900

About Macon County, Alabama

Macon County in Alabama has a median household income of $41,206 and a homeownership rate of 63.0%. Using the 4% rule, retirees in this county would need approximately $463,575 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 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.