Retirement Planning in Grand Forks County, ND

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

Median Income

$64,698

Retirement Income (80%)

$51,758

Est. Nest Egg Needed

$727,850

Cost of Living Index

100

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$51,758
Est. Social Security$22,644

Annual Income Gap$29,114

Housing Costs

Median Rent$941/mo
Annual Housing$11,292
Property Tax Rate1.1%

Median Home Value$235,400

About Grand Forks County, North Dakota

Grand Forks County in North Dakota has a median household income of $64,698 and a homeownership rate of 51.1%. Using the 4% rule, retirees in this county would need approximately $727,850 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 Dakota

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.