Retirement Planning in Monroe County, IA

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

Median Income

$76,324

Retirement Income (80%)

$61,059

Est. Nest Egg Needed

$858,650

Cost of Living Index

117

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$61,059
Est. Social Security$26,713

Annual Income Gap$34,346

Housing Costs

Median Rent$723/mo
Annual Housing$8,676
Property Tax Rate1.7%

Median Home Value$128,000

About Monroe County, Iowa

Monroe County in Iowa has a median household income of $76,324 and a homeownership rate of 82.5%. Using the 4% rule, retirees in this county would need approximately $858,650 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.