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Retirement Planning in Knox County, ME

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

Median Income

$68,904

Retirement Income (80%)

$55,123

Est. Nest Egg Needed

$775,175

Cost of Living Index

106

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$55,123
Est. Social Security$24,116
Annual Income Gap$31,007

Housing Costs

Median Rent$1,027/mo
Annual Housing$12,324
Property Tax Rate1.3%
Median Home Value$260,800

About Knox County, Maine

Knox County in Maine has a median household income of $68,904 and a homeownership rate of 79.2%. Using the 4% rule, retirees in this county would need approximately $775,175 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 Knox County

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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.