Retirement Planning in Franklin County, KY
What does it take to retire comfortably in Franklin County? Here are the numbers.
Median Income
$62,929
Retirement Income (80%)
$50,343
Est. Nest Egg Needed
$707,950
Cost of Living Index
97
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Franklin County, Kentucky
Franklin County in Kentucky has a median household income of $62,929 and a homeownership rate of 63.3%. Using the 4% rule, retirees in this county would need approximately $707,950 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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