Retirement Planning in Montgomery County, NC

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

Median Income

$55,523

Retirement Income (80%)

$44,418

Est. Nest Egg Needed

$624,625

Cost of Living Index

85

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,418
Est. Social Security$19,433

Annual Income Gap$24,985

Housing Costs

Median Rent$710/mo
Annual Housing$8,520
Property Tax Rate0.7%

Median Home Value$139,900

About Montgomery County, North Carolina

Montgomery County in North Carolina has a median household income of $55,523 and a homeownership rate of 71.7%. Using the 4% rule, retirees in this county would need approximately $624,625 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.