Retirement Planning in Lawrence County, MO

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

Median Income

$52,225

Retirement Income (80%)

$41,780

Est. Nest Egg Needed

$587,525

Cost of Living Index

80

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$41,780
Est. Social Security$18,279

Annual Income Gap$23,501

Housing Costs

Median Rent$783/mo
Annual Housing$9,396
Property Tax Rate0.7%

Median Home Value$145,800

About Lawrence County, Missouri

Lawrence County in Missouri has a median household income of $52,225 and a homeownership rate of 70.8%. Using the 4% rule, retirees in this county would need approximately $587,525 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.