Retirement Planning in Holmes County, FL

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

Median Income

$46,063

Retirement Income (80%)

$36,850

Est. Nest Egg Needed

$518,200

Cost of Living Index

71

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$36,850
Est. Social Security$16,122

Annual Income Gap$20,728

Housing Costs

Median Rent$792/mo
Annual Housing$9,504
Property Tax Rate0.6%

Median Home Value$94,900

About Holmes County, Florida

Holmes County in Florida has a median household income of $46,063 and a homeownership rate of 76.5%. Using the 4% rule, retirees in this county would need approximately $518,200 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 Florida

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.