Retirement Planning in Simpson County, MS

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

Median Income

$50,867

Retirement Income (80%)

$40,694

Est. Nest Egg Needed

$572,275

Cost of Living Index

78

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$40,694
Est. Social Security$17,803

Annual Income Gap$22,891

Housing Costs

Median Rent$793/mo
Annual Housing$9,516
Property Tax Rate0.6%

Median Home Value$104,600

About Simpson County, Mississippi

Simpson County in Mississippi has a median household income of $50,867 and a homeownership rate of 81.5%. Using the 4% rule, retirees in this county would need approximately $572,275 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.