Retirement Planning in St. Louis County, MN

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

Median Income

$66,491

Retirement Income (80%)

$53,193

Est. Nest Egg Needed

$748,025

Cost of Living Index

102

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$53,193
Est. Social Security$23,272

Annual Income Gap$29,921

Housing Costs

Median Rent$927/mo
Annual Housing$11,124
Property Tax Rate1.0%

Median Home Value$192,900

About St. Louis County, Minnesota

St. Louis County in Minnesota has a median household income of $66,491 and a homeownership rate of 71.9%. Using the 4% rule, retirees in this county would need approximately $748,025 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.