Retirement Planning in Lincoln County, MN

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

Median Income

$64,750

Retirement Income (80%)

$51,800

Est. Nest Egg Needed

$728,425

Cost of Living Index

100

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$51,800
Est. Social Security$22,663

Annual Income Gap$29,137

Housing Costs

Median Rent$677/mo
Annual Housing$8,124
Property Tax Rate1.0%

Median Home Value$139,500

About Lincoln County, Minnesota

Lincoln County in Minnesota has a median household income of $64,750 and a homeownership rate of 82.0%. Using the 4% rule, retirees in this county would need approximately $728,425 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.