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Retirement Planning in McCreary County, KY

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

Median Income

$35,000

Retirement Income (80%)

$28,000

Est. Nest Egg Needed

$393,750

Cost of Living Index

54

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$28,000
Est. Social Security$12,250
Annual Income Gap$15,750

Housing Costs

Median Rent$580/mo
Annual Housing$6,960
Property Tax Rate0.7%
Median Home Value$85,300

About McCreary County, Kentucky

McCreary County in Kentucky has a median household income of $35,000 and a homeownership rate of 70.0%. Using the 4% rule, retirees in this county would need approximately $393,750 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.