Retirement Planning in Mercer County, ND

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

Median Income

$82,155

Retirement Income (80%)

$65,724

Est. Nest Egg Needed

$924,250

Cost of Living Index

126

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$65,724
Est. Social Security$28,754

Annual Income Gap$36,970

Housing Costs

Median Rent$1,039/mo
Annual Housing$12,468
Property Tax Rate1.1%

Median Home Value$192,000

About Mercer County, North Dakota

Mercer County in North Dakota has a median household income of $82,155 and a homeownership rate of 83.8%. Using the 4% rule, retirees in this county would need approximately $924,250 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.