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Retirement Planning in Knox County, KY

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

Median Income

$34,254

Retirement Income (80%)

$27,403

Est. Nest Egg Needed

$385,350

Cost of Living Index

53

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$27,403
Est. Social Security$11,989
Annual Income Gap$15,414

Housing Costs

Median Rent$623/mo
Annual Housing$7,476
Property Tax Rate0.8%
Median Home Value$109,200

About Knox County, Kentucky

Knox County in Kentucky has a median household income of $34,254 and a homeownership rate of 64.0%. Using the 4% rule, retirees in this county would need approximately $385,350 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.