Retirement Planning in Monona County, IA

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

Median Income

$59,897

Retirement Income (80%)

$47,918

Est. Nest Egg Needed

$673,850

Cost of Living Index

92

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$47,918
Est. Social Security$20,964

Annual Income Gap$26,954

Housing Costs

Median Rent$761/mo
Annual Housing$9,132
Property Tax Rate1.2%

Median Home Value$108,700

About Monona County, Iowa

Monona County in Iowa has a median household income of $59,897 and a homeownership rate of 78.2%. Using the 4% rule, retirees in this county would need approximately $673,850 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

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.