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Retirement Planning in Jefferson County, IL

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

Median Income

$58,384

Retirement Income (80%)

$46,707

Est. Nest Egg Needed

$656,825

Cost of Living Index

90

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,707
Est. Social Security$20,434
Annual Income Gap$26,273

Housing Costs

Median Rent$838/mo
Annual Housing$10,056
Property Tax Rate1.7%
Median Home Value$115,000

About Jefferson County, Illinois

Jefferson County in Illinois has a median household income of $58,384 and a homeownership rate of 72.0%. Using the 4% rule, retirees in this county would need approximately $656,825 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.