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Retirement Planning in Letcher County, KY

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

Median Income

$38,466

Retirement Income (80%)

$30,773

Est. Nest Egg Needed

$432,750

Cost of Living Index

59

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$30,773
Est. Social Security$13,463
Annual Income Gap$17,310

Housing Costs

Median Rent$625/mo
Annual Housing$7,500
Property Tax Rate0.9%
Median Home Value$66,000

About Letcher County, Kentucky

Letcher County in Kentucky has a median household income of $38,466 and a homeownership rate of 74.0%. Using the 4% rule, retirees in this county would need approximately $432,750 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

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This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

Health and care costs

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.