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Retirement Planning in Kankakee County, IL

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

Median Income

$65,489

Retirement Income (80%)

$52,391

Est. Nest Egg Needed

$736,750

Cost of Living Index

101

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$52,391
Est. Social Security$22,921
Annual Income Gap$29,470

Housing Costs

Median Rent$1,025/mo
Annual Housing$12,300
Property Tax Rate2.3%
Median Home Value$176,800

About Kankakee County, Illinois

Kankakee County in Illinois has a median household income of $65,489 and a homeownership rate of 68.1%. Using the 4% rule, retirees in this county would need approximately $736,750 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.