Retirement Planning in Murray County, MN

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

Median Income

$71,500

Retirement Income (80%)

$57,200

Est. Nest Egg Needed

$804,375

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,200
Est. Social Security$25,025

Annual Income Gap$32,175

Housing Costs

Median Rent$697/mo
Annual Housing$8,364
Property Tax Rate0.8%

Median Home Value$163,500

About Murray County, Minnesota

Murray County in Minnesota has a median household income of $71,500 and a homeownership rate of 82.4%. Using the 4% rule, retirees in this county would need approximately $804,375 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.