Retirement Planning in Becker County, MN

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

Median Income

$68,683

Retirement Income (80%)

$54,946

Est. Nest Egg Needed

$772,675

Cost of Living Index

106

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,946
Est. Social Security$24,039

Annual Income Gap$30,907

Housing Costs

Median Rent$854/mo
Annual Housing$10,248
Property Tax Rate0.7%

Median Home Value$249,600

About Becker County, Minnesota

Becker County in Minnesota has a median household income of $68,683 and a homeownership rate of 78.2%. Using the 4% rule, retirees in this county would need approximately $772,675 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

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.