Retirement Planning in Scotland County, NC

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

Median Income

$41,948

Retirement Income (80%)

$33,558

Est. Nest Egg Needed

$471,900

Cost of Living Index

65

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,558
Est. Social Security$14,682

Annual Income Gap$18,876

Housing Costs

Median Rent$736/mo
Annual Housing$8,832
Property Tax Rate1.0%

Median Home Value$99,900

About Scotland County, North Carolina

Scotland County in North Carolina has a median household income of $41,948 and a homeownership rate of 59.8%. Using the 4% rule, retirees in this county would need approximately $471,900 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

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.