Retirement Planning in Lake County, MT

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

Median Income

$58,009

Retirement Income (80%)

$46,407

Est. Nest Egg Needed

$652,600

Cost of Living Index

89

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,407
Est. Social Security$20,303

Annual Income Gap$26,104

Housing Costs

Median Rent$851/mo
Annual Housing$10,212
Property Tax Rate0.7%

Median Home Value$337,700

About Lake County, Montana

Lake County in Montana has a median household income of $58,009 and a homeownership rate of 71.9%. Using the 4% rule, retirees in this county would need approximately $652,600 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 Montana

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.