Retirement Planning in Burke County, ND

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

Median Income

$94,583

Retirement Income (80%)

$75,666

Est. Nest Egg Needed

$1,064,050

Cost of Living Index

146

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$75,666
Est. Social Security$33,104

Annual Income Gap$42,562

Housing Costs

Median Rent$669/mo
Annual Housing$8,028
Property Tax Rate0.8%

Median Home Value$135,100

About Burke County, North Dakota

Burke County in North Dakota has a median household income of $94,583 and a homeownership rate of 82.3%. Using the 4% rule, retirees in this county would need approximately $1,064,050 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.