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Retirement Planning in Henry County, IA

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

Median Income

$62,365

Retirement Income (80%)

$49,892

Est. Nest Egg Needed

$701,600

Cost of Living Index

96

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$49,892
Est. Social Security$21,828
Annual Income Gap$28,064

Housing Costs

Median Rent$727/mo
Annual Housing$8,724
Property Tax Rate1.6%
Median Home Value$145,200

About Henry County, Iowa

Henry County in Iowa has a median household income of $62,365 and a homeownership rate of 74.6%. Using the 4% rule, retirees in this county would need approximately $701,600 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 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.