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Retirement Planning in Waldo County, ME

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

Median Income

$62,694

Retirement Income (80%)

$50,155

Est. Nest Egg Needed

$705,300

Cost of Living Index

96

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$50,155
Est. Social Security$21,943
Annual Income Gap$28,212

Housing Costs

Median Rent$886/mo
Annual Housing$10,632
Property Tax Rate1.2%
Median Home Value$210,600

About Waldo County, Maine

Waldo County in Maine has a median household income of $62,694 and a homeownership rate of 80.6%. Using the 4% rule, retirees in this county would need approximately $705,300 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 Waldo 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.