Lontevis

Retirement Planning in Franklin County, ME

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

Median Income

$56,890

Retirement Income (80%)

$45,512

Est. Nest Egg Needed

$640,000

Cost of Living Index

88

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,512
Est. Social Security$19,912
Annual Income Gap$25,600

Housing Costs

Median Rent$752/mo
Annual Housing$9,024
Property Tax Rate1.1%
Median Home Value$170,600

About Franklin County, Maine

Franklin County in Maine has a median household income of $56,890 and a homeownership rate of 75.7%. Using the 4% rule, retirees in this county would need approximately $640,000 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.

Plan Your Retirement in Franklin County

Enter your income, savings, and goals to get a personalized retirement projection with Monte Carlo simulation, Roth conversion analysis, and withdrawal strategy optimization.

Start Free Analysis

Other Counties in Maine

Cumberland CountyYork CountyPenobscot CountyKennebec CountyAndroscoggin CountyAroostook CountyOxford CountyHancock County

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.