Retirement Planning in Lafayette County, MO

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

Median Income

$78,397

Retirement Income (80%)

$62,718

Est. Nest Egg Needed

$881,975

Cost of Living Index

121

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$62,718
Est. Social Security$27,439

Annual Income Gap$35,279

Housing Costs

Median Rent$834/mo
Annual Housing$10,008
Property Tax Rate0.8%

Median Home Value$187,000

About Lafayette County, Missouri

Lafayette County in Missouri has a median household income of $78,397 and a homeownership rate of 75.6%. Using the 4% rule, retirees in this county would need approximately $881,975 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 Missouri

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.