Retirement Planning in Martin County, MN

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

Median Income

$61,674

Retirement Income (80%)

$49,339

Est. Nest Egg Needed

$693,825

Cost of Living Index

95

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$49,339
Est. Social Security$21,586

Annual Income Gap$27,753

Housing Costs

Median Rent$767/mo
Annual Housing$9,204
Property Tax Rate1.0%

Median Home Value$148,100

About Martin County, Minnesota

Martin County in Minnesota has a median household income of $61,674 and a homeownership rate of 72.6%. Using the 4% rule, retirees in this county would need approximately $693,825 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.