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Retirement Planning in Ransom County, ND

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

Median Income

$71,462

Retirement Income (80%)

$57,170

Est. Nest Egg Needed

$803,950

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,170
Est. Social Security$25,012
Annual Income Gap$32,158

Housing Costs

Median Rent$840/mo
Annual Housing$10,080
Property Tax Rate1.1%
Median Home Value$145,900

About Ransom County, North Dakota

Ransom County in North Dakota has a median household income of $71,462 and a homeownership rate of 74.4%. Using the 4% rule, retirees in this county would need approximately $803,950 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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Other Counties in North Dakota

Cass CountyBurleigh CountyGrand Forks CountyWard CountyWilliams CountyMorton CountyStark CountyStutsman County

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.