Retirement Planning in Carroll County, MS

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

Median Income

$42,285

Retirement Income (80%)

$33,828

Est. Nest Egg Needed

$475,700

Cost of Living Index

65

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,828
Est. Social Security$14,800

Annual Income Gap$19,028

Housing Costs

Median Rent$563/mo
Annual Housing$6,756
Property Tax Rate0.6%

Median Home Value$103,700

About Carroll County, Mississippi

Carroll County in Mississippi has a median household income of $42,285 and a homeownership rate of 82.3%. Using the 4% rule, retirees in this county would need approximately $475,700 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 Mississippi

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.