Retirement Planning in Cumberland County, NC

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

Median Income

$55,551

Retirement Income (80%)

$44,441

Est. Nest Egg Needed

$624,950

Cost of Living Index

85

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,441
Est. Social Security$19,443

Annual Income Gap$24,998

Housing Costs

Median Rent$1,098/mo
Annual Housing$13,176
Property Tax Rate1.1%

Median Home Value$166,600

About Cumberland County, North Carolina

Cumberland County in North Carolina has a median household income of $55,551 and a homeownership rate of 52.6%. Using the 4% rule, retirees in this county would need approximately $624,950 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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Health and care costs

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.