Retirement Planning in Washington County, MN

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

Median Income

$110,828

Retirement Income (80%)

$88,662

Est. Nest Egg Needed

$1,246,800

Cost of Living Index

171

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$88,662
Est. Social Security$38,790

Annual Income Gap$49,872

Housing Costs

Median Rent$1,577/mo
Annual Housing$18,924
Property Tax Rate1.0%

Median Home Value$379,300

About Washington County, Minnesota

Washington County in Minnesota has a median household income of $110,828 and a homeownership rate of 81.5%. Using the 4% rule, retirees in this county would need approximately $1,246,800 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.