Retirement Planning in Benton County, MN

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

Median Income

$70,346

Retirement Income (80%)

$56,277

Est. Nest Egg Needed

$791,400

Cost of Living Index

108

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$56,277
Est. Social Security$24,621

Annual Income Gap$31,656

Housing Costs

Median Rent$907/mo
Annual Housing$10,884
Property Tax Rate1.1%

Median Home Value$229,300

About Benton County, Minnesota

Benton County in Minnesota has a median household income of $70,346 and a homeownership rate of 66.5%. Using the 4% rule, retirees in this county would need approximately $791,400 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.