Retirement Planning in Scotland County, MO

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

Median Income

$58,656

Retirement Income (80%)

$46,925

Est. Nest Egg Needed

$659,875

Cost of Living Index

90

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,925
Est. Social Security$20,530

Annual Income Gap$26,395

Housing Costs

Median Rent$471/mo
Annual Housing$5,652
Property Tax Rate0.9%

Median Home Value$136,500

About Scotland County, Missouri

Scotland County in Missouri has a median household income of $58,656 and a homeownership rate of 80.2%. Using the 4% rule, retirees in this county would need approximately $659,875 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.