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Retirement Planning in Monroe County, IL

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

Median Income

$100,685

Retirement Income (80%)

$80,548

Est. Nest Egg Needed

$1,132,700

Cost of Living Index

155

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$80,548
Est. Social Security$35,240
Annual Income Gap$45,308

Housing Costs

Median Rent$956/mo
Annual Housing$11,472
Property Tax Rate1.8%
Median Home Value$254,100

About Monroe County, Illinois

Monroe County in Illinois has a median household income of $100,685 and a homeownership rate of 84.1%. Using the 4% rule, retirees in this county would need approximately $1,132,700 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.