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Retirement Planning in Elk County, KS

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

Median Income

$50,000

Retirement Income (80%)

$40,000

Est. Nest Egg Needed

$562,500

Cost of Living Index

77

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$40,000
Est. Social Security$17,500
Annual Income Gap$22,500

Housing Costs

Median Rent$554/mo
Annual Housing$6,648
Property Tax Rate2.2%
Median Home Value$57,100

About Elk County, Kansas

Elk County in Kansas has a median household income of $50,000 and a homeownership rate of 77.7%. Using the 4% rule, retirees in this county would need approximately $562,500 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.

Plan Your Retirement in Elk County

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Other Counties in Kansas

Johnson CountySedgwick CountyShawnee CountyWyandotte CountyDouglas CountyLeavenworth CountyRiley CountyButler 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.