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Retirement Planning in Choctaw County, MS

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

Median Income

$41,887

Retirement Income (80%)

$33,510

Est. Nest Egg Needed

$471,250

Cost of Living Index

64

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,510
Est. Social Security$14,660
Annual Income Gap$18,850

Housing Costs

Median Rent$649/mo
Annual Housing$7,788
Property Tax Rate0.5%
Median Home Value$104,200

About Choctaw County, Mississippi

Choctaw County in Mississippi has a median household income of $41,887 and a homeownership rate of 76.2%. Using the 4% rule, retirees in this county would need approximately $471,250 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

Hinds CountyHarrison CountyDeSoto CountyRankin CountyJackson CountyMadison CountyLee CountyForrest County

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.