Retirement Planning in Washtenaw County, MI

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

Median Income

$84,245

Retirement Income (80%)

$67,396

Est. Nest Egg Needed

$947,750

Cost of Living Index

130

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$67,396
Est. Social Security$29,486

Annual Income Gap$37,910

Housing Costs

Median Rent$1,335/mo
Annual Housing$16,020
Property Tax Rate1.6%

Median Home Value$336,300

About Washtenaw County, Michigan

Washtenaw County in Michigan has a median household income of $84,245 and a homeownership rate of 61.2%. Using the 4% rule, retirees in this county would need approximately $947,750 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.