Retirement Planning in Pike County, KY

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

Median Income

$41,271

Retirement Income (80%)

$33,017

Est. Nest Egg Needed

$464,300

Cost of Living Index

63

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,017
Est. Social Security$14,445

Annual Income Gap$18,572

Housing Costs

Median Rent$826/mo
Annual Housing$9,912
Property Tax Rate0.8%

Median Home Value$96,900

About Pike County, Kentucky

Pike County in Kentucky has a median household income of $41,271 and a homeownership rate of 74.2%. Using the 4% rule, retirees in this county would need approximately $464,300 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

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.