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Retirement Planning in Madison County, NC

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

Median Income

$56,664

Retirement Income (80%)

$45,331

Est. Nest Egg Needed

$637,475

Cost of Living Index

87

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,331
Est. Social Security$19,832
Annual Income Gap$25,499

Housing Costs

Median Rent$760/mo
Annual Housing$9,120
Property Tax Rate0.5%
Median Home Value$236,300

About Madison County, North Carolina

Madison County in North Carolina has a median household income of $56,664 and a homeownership rate of 76.8%. Using the 4% rule, retirees in this county would need approximately $637,475 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

Wake CountyMecklenburg CountyGuilford CountyForsyth CountyCumberland CountyDurham CountyBuncombe CountyUnion County

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

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.