Retirement Planning in Wayne County, MS

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

Median Income

$34,875

Retirement Income (80%)

$27,900

Est. Nest Egg Needed

$392,350

Cost of Living Index

54

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$27,900
Est. Social Security$12,206

Annual Income Gap$15,694

Housing Costs

Median Rent$771/mo
Annual Housing$9,252
Property Tax Rate0.8%

Median Home Value$89,100

About Wayne County, Mississippi

Wayne County in Mississippi has a median household income of $34,875 and a homeownership rate of 87.3%. Using the 4% rule, retirees in this county would need approximately $392,350 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.