Retirement Planning in Hinds County, MS

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

Median Income

$48,596

Retirement Income (80%)

$38,877

Est. Nest Egg Needed

$546,700

Cost of Living Index

75

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$38,877
Est. Social Security$17,009

Annual Income Gap$21,868

Housing Costs

Median Rent$1,004/mo
Annual Housing$12,048
Property Tax Rate0.9%

Median Home Value$141,600

About Hinds County, Mississippi

Hinds County in Mississippi has a median household income of $48,596 and a homeownership rate of 57.8%. Using the 4% rule, retirees in this county would need approximately $546,700 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.