Retirement Planning in Chippewa County, MN

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

Median Income

$62,112

Retirement Income (80%)

$49,690

Est. Nest Egg Needed

$698,775

Cost of Living Index

96

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$49,690
Est. Social Security$21,739

Annual Income Gap$27,951

Housing Costs

Median Rent$788/mo
Annual Housing$9,456
Property Tax Rate1.0%

Median Home Value$138,900

About Chippewa County, Minnesota

Chippewa County in Minnesota has a median household income of $62,112 and a homeownership rate of 70.8%. Using the 4% rule, retirees in this county would need approximately $698,775 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.