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Retirement Planning in Fulton County, IL

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

Median Income

$57,223

Retirement Income (80%)

$45,778

Est. Nest Egg Needed

$643,750

Cost of Living Index

88

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,778
Est. Social Security$20,028
Annual Income Gap$25,750

Housing Costs

Median Rent$782/mo
Annual Housing$9,384
Property Tax Rate2.1%
Median Home Value$99,800

About Fulton County, Illinois

Fulton County in Illinois has a median household income of $57,223 and a homeownership rate of 77.8%. Using the 4% rule, retirees in this county would need approximately $643,750 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 Illinois

Cook CountyDuPage CountyLake CountyWill CountyKane CountyMcHenry CountyWinnebago CountyMadison 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.