Retirement Planning in Sherburne County, MN

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

Median Income

$99,431

Retirement Income (80%)

$79,545

Est. Nest Egg Needed

$1,118,600

Cost of Living Index

153

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$79,545
Est. Social Security$34,801

Annual Income Gap$44,744

Housing Costs

Median Rent$1,166/mo
Annual Housing$13,992
Property Tax Rate1.0%

Median Home Value$306,000

About Sherburne County, Minnesota

Sherburne County in Minnesota has a median household income of $99,431 and a homeownership rate of 83.4%. Using the 4% rule, retirees in this county would need approximately $1,118,600 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.