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Retirement Planning in Transylvania County, NC

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

Median Income

$62,056

Retirement Income (80%)

$49,645

Est. Nest Egg Needed

$698,125

Cost of Living Index

95

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$49,645
Est. Social Security$21,720
Annual Income Gap$27,925

Housing Costs

Median Rent$861/mo
Annual Housing$10,332
Property Tax Rate0.5%
Median Home Value$298,600

About Transylvania County, North Carolina

Transylvania County in North Carolina has a median household income of $62,056 and a homeownership rate of 76.1%. Using the 4% rule, retirees in this county would need approximately $698,125 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

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.