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Retirement Planning in Hopkins County, KY

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

Median Income

$54,466

Retirement Income (80%)

$43,573

Est. Nest Egg Needed

$612,750

Cost of Living Index

84

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$43,573
Est. Social Security$19,063
Annual Income Gap$24,510

Housing Costs

Median Rent$815/mo
Annual Housing$9,780
Property Tax Rate0.8%
Median Home Value$125,800

About Hopkins County, Kentucky

Hopkins County in Kentucky has a median household income of $54,466 and a homeownership rate of 69.9%. Using the 4% rule, retirees in this county would need approximately $612,750 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 Kentucky

Jefferson CountyFayette CountyKenton CountyBoone CountyWarren CountyHardin CountyDaviess CountyCampbell 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.