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Retirement Planning in Hoke County, NC

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

Median Income

$57,141

Retirement Income (80%)

$45,713

Est. Nest Egg Needed

$642,850

Cost of Living Index

88

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,713
Est. Social Security$19,999
Annual Income Gap$25,714

Housing Costs

Median Rent$1,036/mo
Annual Housing$12,432
Property Tax Rate0.7%
Median Home Value$177,500

About Hoke County, North Carolina

Hoke County in North Carolina has a median household income of $57,141 and a homeownership rate of 69.9%. Using the 4% rule, retirees in this county would need approximately $642,850 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

Wake CountyMecklenburg CountyGuilford CountyForsyth CountyCumberland CountyDurham CountyBuncombe CountyUnion County

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.