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Retirement Planning in Kent County, MI

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

Median Income

$76,247

Retirement Income (80%)

$60,998

Est. Nest Egg Needed

$857,800

Cost of Living Index

117

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$60,998
Est. Social Security$26,686
Annual Income Gap$34,312

Housing Costs

Median Rent$1,111/mo
Annual Housing$13,332
Property Tax Rate1.2%
Median Home Value$242,200

About Kent County, Michigan

Kent County in Michigan has a median household income of $76,247 and a homeownership rate of 70.0%. Using the 4% rule, retirees in this county would need approximately $857,800 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

Wayne CountyOakland CountyMacomb CountyGenesee CountyWashtenaw CountyOttawa CountyIngham CountyKalamazoo County

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

Health and care costs

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.