Retirement Planning in Montrose County, CO

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

Median Income

$62,817

Retirement Income (80%)

$50,254

Est. Nest Egg Needed

$706,700

Cost of Living Index

97

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$50,254
Est. Social Security$21,986

Annual Income Gap$28,268

Housing Costs

Median Rent$1,061/mo
Annual Housing$12,732
Property Tax Rate0.4%

Median Home Value$314,100

About Montrose County, Colorado

Montrose County in Colorado has a median household income of $62,817 and a homeownership rate of 76.1%. Using the 4% rule, retirees in this county would need approximately $706,700 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 Colorado

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.