Retirement Planning in Androscoggin County, ME

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

Median Income

$64,500

Retirement Income (80%)

$51,600

Est. Nest Egg Needed

$725,625

Cost of Living Index

99

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$51,600
Est. Social Security$22,575

Annual Income Gap$29,025

Housing Costs

Median Rent$916/mo
Annual Housing$10,992
Property Tax Rate1.4%

Median Home Value$211,800

About Androscoggin County, Maine

Androscoggin County in Maine has a median household income of $64,500 and a homeownership rate of 66.4%. Using the 4% rule, retirees in this county would need approximately $725,625 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 Maine

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.