Retirement Planning in Ouachita Parish, LA

What does it take to retire comfortably in Ouachita Parish? Here are the numbers.

Median Income

$49,261

Retirement Income (80%)

$39,409

Est. Nest Egg Needed

$554,200

Cost of Living Index

76

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$39,409
Est. Social Security$17,241

Annual Income Gap$22,168

Housing Costs

Median Rent$886/mo
Annual Housing$10,632
Property Tax Rate0.5%

Median Home Value$172,800

About Ouachita Parish, Louisiana

Ouachita Parish in Louisiana has a median household income of $49,261 and a homeownership rate of 59.5%. Using the 4% rule, retirees in this county would need approximately $554,200 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 Louisiana

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.