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Retirement Planning in McLean County, IL

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

Median Income

$75,356

Retirement Income (80%)

$60,285

Est. Nest Egg Needed

$847,750

Cost of Living Index

116

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$60,285
Est. Social Security$26,375
Annual Income Gap$33,910

Housing Costs

Median Rent$941/mo
Annual Housing$11,292
Property Tax Rate2.3%
Median Home Value$191,300

About McLean County, Illinois

McLean County in Illinois has a median household income of $75,356 and a homeownership rate of 65.0%. Using the 4% rule, retirees in this county would need approximately $847,750 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

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This County Across Smart Technology Investments

Money and planning

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Property and place

Health and care costs

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.