Retirement Planning in Carlton County, MN

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

Median Income

$74,660

Retirement Income (80%)

$59,728

Est. Nest Egg Needed

$839,925

Cost of Living Index

115

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$59,728
Est. Social Security$26,131

Annual Income Gap$33,597

Housing Costs

Median Rent$955/mo
Annual Housing$11,460
Property Tax Rate1.2%

Median Home Value$218,000

About Carlton County, Minnesota

Carlton County in Minnesota has a median household income of $74,660 and a homeownership rate of 79.6%. Using the 4% rule, retirees in this county would need approximately $839,925 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.