Retirement Planning in Ingham County, MI

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

Median Income

$62,548

Retirement Income (80%)

$50,038

Est. Nest Egg Needed

$703,650

Cost of Living Index

96

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$50,038
Est. Social Security$21,892

Annual Income Gap$28,146

Housing Costs

Median Rent$1,027/mo
Annual Housing$12,324
Property Tax Rate1.9%

Median Home Value$173,600

About Ingham County, Michigan

Ingham County in Michigan has a median household income of $62,548 and a homeownership rate of 58.8%. Using the 4% rule, retirees in this county would need approximately $703,650 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.