Retirement Planning in Richmond County, NC

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

Median Income

$42,354

Retirement Income (80%)

$33,883

Est. Nest Egg Needed

$476,475

Cost of Living Index

65

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,883
Est. Social Security$14,824

Annual Income Gap$19,059

Housing Costs

Median Rent$720/mo
Annual Housing$8,640
Property Tax Rate1.0%

Median Home Value$111,900

About Richmond County, North Carolina

Richmond County in North Carolina has a median household income of $42,354 and a homeownership rate of 65.2%. Using the 4% rule, retirees in this county would need approximately $476,475 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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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.