Retirement Planning in Russell County, KY

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

Median Income

$48,220

Retirement Income (80%)

$38,576

Est. Nest Egg Needed

$542,475

Cost of Living Index

74

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$38,576
Est. Social Security$16,877

Annual Income Gap$21,699

Housing Costs

Median Rent$611/mo
Annual Housing$7,332
Property Tax Rate0.6%

Median Home Value$121,400

About Russell County, Kentucky

Russell County in Kentucky has a median household income of $48,220 and a homeownership rate of 74.4%. Using the 4% rule, retirees in this county would need approximately $542,475 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.