Retirement Planning in Hancock County, IN

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

Median Income

$85,262

Retirement Income (80%)

$68,210

Est. Nest Egg Needed

$959,200

Cost of Living Index

131

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$68,210
Est. Social Security$29,842

Annual Income Gap$38,368

Housing Costs

Median Rent$1,058/mo
Annual Housing$12,696
Property Tax Rate0.7%

Median Home Value$235,500

About Hancock County, Indiana

Hancock County in Indiana has a median household income of $85,262 and a homeownership rate of 80.4%. Using the 4% rule, retirees in this county would need approximately $959,200 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 Indiana

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.