Retirement Planning in Person County, NC

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

Median Income

$60,688

Retirement Income (80%)

$48,550

Est. Nest Egg Needed

$682,725

Cost of Living Index

93

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$48,550
Est. Social Security$21,241

Annual Income Gap$27,309

Housing Costs

Median Rent$777/mo
Annual Housing$9,324
Property Tax Rate0.7%

Median Home Value$173,200

About Person County, North Carolina

Person County in North Carolina has a median household income of $60,688 and a homeownership rate of 77.6%. Using the 4% rule, retirees in this county would need approximately $682,725 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.