Retirement Planning in Nelson County, ND

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

Median Income

$62,219

Retirement Income (80%)

$49,775

Est. Nest Egg Needed

$699,950

Cost of Living Index

96

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$49,775
Est. Social Security$21,777

Annual Income Gap$27,998

Housing Costs

Median Rent$539/mo
Annual Housing$6,468
Property Tax Rate0.8%

Median Home Value$107,400

About Nelson County, North Dakota

Nelson County in North Dakota has a median household income of $62,219 and a homeownership rate of 75.1%. Using the 4% rule, retirees in this county would need approximately $699,950 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.