Retirement Planning in Mobile County, AL

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

Median Income

$55,352

Retirement Income (80%)

$44,282

Est. Nest Egg Needed

$622,725

Cost of Living Index

85

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,282
Est. Social Security$19,373

Annual Income Gap$24,909

Housing Costs

Median Rent$973/mo
Annual Housing$11,676
Property Tax Rate0.5%

Median Home Value$164,600

About Mobile County, Alabama

Mobile County in Alabama has a median household income of $55,352 and a homeownership rate of 63.5%. Using the 4% rule, retirees in this county would need approximately $622,725 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

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.