Retirement Planning in Alleghany County, NC

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

Median Income

$42,115

Retirement Income (80%)

$33,692

Est. Nest Egg Needed

$473,800

Cost of Living Index

65

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,692
Est. Social Security$14,740

Annual Income Gap$18,952

Housing Costs

Median Rent$708/mo
Annual Housing$8,496
Property Tax Rate0.6%

Median Home Value$171,800

About Alleghany County, North Carolina

Alleghany County in North Carolina has a median household income of $42,115 and a homeownership rate of 80.5%. Using the 4% rule, retirees in this county would need approximately $473,800 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 North Carolina

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.