Retirement Planning in Montmorency County, MI

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

Median Income

$46,345

Retirement Income (80%)

$37,076

Est. Nest Egg Needed

$521,375

Cost of Living Index

71

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$37,076
Est. Social Security$16,221

Annual Income Gap$20,855

Housing Costs

Median Rent$802/mo
Annual Housing$9,624
Property Tax Rate1.0%

Median Home Value$125,600

About Montmorency County, Michigan

Montmorency County in Michigan has a median household income of $46,345 and a homeownership rate of 84.2%. Using the 4% rule, retirees in this county would need approximately $521,375 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.