Retirement Planning in Freeborn County, MN

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

Median Income

$65,679

Retirement Income (80%)

$52,543

Est. Nest Egg Needed

$738,875

Cost of Living Index

101

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$52,543
Est. Social Security$22,988

Annual Income Gap$29,555

Housing Costs

Median Rent$803/mo
Annual Housing$9,636
Property Tax Rate1.1%

Median Home Value$154,700

About Freeborn County, Minnesota

Freeborn County in Minnesota has a median household income of $65,679 and a homeownership rate of 78.4%. Using the 4% rule, retirees in this county would need approximately $738,875 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.