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Retirement Planning in Vermilion County, IL

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

Median Income

$52,787

Retirement Income (80%)

$42,230

Est. Nest Egg Needed

$593,875

Cost of Living Index

81

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$42,230
Est. Social Security$18,475
Annual Income Gap$23,755

Housing Costs

Median Rent$769/mo
Annual Housing$9,228
Property Tax Rate1.8%
Median Home Value$91,000

About Vermilion County, Illinois

Vermilion County in Illinois has a median household income of $52,787 and a homeownership rate of 69.5%. Using the 4% rule, retirees in this county would need approximately $593,875 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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Money and planning

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  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

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.