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Retirement Planning in Hancock County, IA

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

Median Income

$67,865

Retirement Income (80%)

$54,292

Est. Nest Egg Needed

$763,475

Cost of Living Index

104

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,292
Est. Social Security$23,753
Annual Income Gap$30,539

Housing Costs

Median Rent$782/mo
Annual Housing$9,384
Property Tax Rate1.3%
Median Home Value$116,000

About Hancock County, Iowa

Hancock County in Iowa has a median household income of $67,865 and a homeownership rate of 81.4%. Using the 4% rule, retirees in this county would need approximately $763,475 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 Hancock County

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Other Counties in Iowa

Polk CountyLinn CountyScott CountyJohnson CountyBlack Hawk CountyWoodbury CountyDallas CountyDubuque 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.