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Retirement Planning in Parke County, IN

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

Median Income

$63,393

Retirement Income (80%)

$50,714

Est. Nest Egg Needed

$713,150

Cost of Living Index

98

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$50,714
Est. Social Security$22,188
Annual Income Gap$28,526

Housing Costs

Median Rent$780/mo
Annual Housing$9,360
Property Tax Rate0.5%
Median Home Value$121,500

About Parke County, Indiana

Parke County in Indiana has a median household income of $63,393 and a homeownership rate of 81.7%. Using the 4% rule, retirees in this county would need approximately $713,150 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

Marion CountyLake CountyAllen CountyHamilton CountySt. Joseph CountyElkhart CountyTippecanoe CountyVanderburgh 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.