Retirement Planning in Iosco County, MI

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

Median Income

$46,224

Retirement Income (80%)

$36,979

Est. Nest Egg Needed

$520,025

Cost of Living Index

71

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$36,979
Est. Social Security$16,178

Annual Income Gap$20,801

Housing Costs

Median Rent$696/mo
Annual Housing$8,352
Property Tax Rate1.1%

Median Home Value$118,400

About Iosco County, Michigan

Iosco County in Michigan has a median household income of $46,224 and a homeownership rate of 81.1%. Using the 4% rule, retirees in this county would need approximately $520,025 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.