Retirement Planning in Smith County, MS

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

Median Income

$51,983

Retirement Income (80%)

$41,586

Est. Nest Egg Needed

$584,800

Cost of Living Index

80

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$41,586
Est. Social Security$18,194

Annual Income Gap$23,392

Housing Costs

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

Median Home Value$120,200

About Smith County, Mississippi

Smith County in Mississippi has a median household income of $51,983 and a homeownership rate of 87.1%. Using the 4% rule, retirees in this county would need approximately $584,800 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.