Retirement Planning in Bingham County, ID

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

Median Income

$69,433

Retirement Income (80%)

$55,546

Est. Nest Egg Needed

$781,100

Cost of Living Index

107

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$55,546
Est. Social Security$24,302

Annual Income Gap$31,244

Housing Costs

Median Rent$787/mo
Annual Housing$9,444
Property Tax Rate0.6%

Median Home Value$230,500

About Bingham County, Idaho

Bingham County in Idaho has a median household income of $69,433 and a homeownership rate of 80.1%. Using the 4% rule, retirees in this county would need approximately $781,100 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 Idaho

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.