Retirement Planning in Marion County, IL

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

Median Income

$59,099

Retirement Income (80%)

$47,279

Est. Nest Egg Needed

$664,850

Cost of Living Index

91

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$47,279
Est. Social Security$20,685

Annual Income Gap$26,594

Housing Costs

Median Rent$734/mo
Annual Housing$8,808
Property Tax Rate1.7%

Median Home Value$96,200

About Marion County, Illinois

Marion County in Illinois has a median household income of $59,099 and a homeownership rate of 73.8%. Using the 4% rule, retirees in this county would need approximately $664,850 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

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.