Retirement Planning in Dickinson County, MI

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

Median Income

$59,651

Retirement Income (80%)

$47,721

Est. Nest Egg Needed

$671,075

Cost of Living Index

92

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$47,721
Est. Social Security$20,878

Annual Income Gap$26,843

Housing Costs

Median Rent$710/mo
Annual Housing$8,520
Property Tax Rate1.5%

Median Home Value$122,600

About Dickinson County, Michigan

Dickinson County in Michigan has a median household income of $59,651 and a homeownership rate of 83.2%. Using the 4% rule, retirees in this county would need approximately $671,075 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 Michigan

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.