Retirement Planning in Buncombe County, NC

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

Median Income

$66,531

Retirement Income (80%)

$53,225

Est. Nest Egg Needed

$748,475

Cost of Living Index

102

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$53,225
Est. Social Security$23,286

Annual Income Gap$29,939

Housing Costs

Median Rent$1,209/mo
Annual Housing$14,508
Property Tax Rate0.6%

Median Home Value$328,900

About Buncombe County, North Carolina

Buncombe County in North Carolina has a median household income of $66,531 and a homeownership rate of 64.4%. Using the 4% rule, retirees in this county would need approximately $748,475 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.