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Retirement Planning in Aitkin County, MN

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

Median Income

$56,406

Retirement Income (80%)

$45,125

Est. Nest Egg Needed

$634,575

Cost of Living Index

87

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,125
Est. Social Security$19,742
Annual Income Gap$25,383

Housing Costs

Median Rent$815/mo
Annual Housing$9,780
Property Tax Rate0.6%
Median Home Value$222,100

About Aitkin County, Minnesota

Aitkin County in Minnesota has a median household income of $56,406 and a homeownership rate of 84.6%. Using the 4% rule, retirees in this county would need approximately $634,575 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 Minnesota

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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.