Retirement Planning in McKenzie County, ND

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

Median Income

$83,813

Retirement Income (80%)

$67,050

Est. Nest Egg Needed

$942,875

Cost of Living Index

129

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$67,050
Est. Social Security$29,335

Annual Income Gap$37,715

Housing Costs

Median Rent$1,192/mo
Annual Housing$14,304
Property Tax Rate0.4%

Median Home Value$330,200

About McKenzie County, North Dakota

McKenzie County in North Dakota has a median household income of $83,813 and a homeownership rate of 56.5%. Using the 4% rule, retirees in this county would need approximately $942,875 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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Property and place

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.