Retirement Planning in Colfax County, NM
What does it take to retire comfortably in Colfax County? Here are the numbers.
Median Income
$46,286
Retirement Income (80%)
$37,029
Est. Nest Egg Needed
$520,725
Cost of Living Index
71
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Colfax County, New Mexico
Colfax County in New Mexico has a median household income of $46,286 and a homeownership rate of 71.7%. Using the 4% rule, retirees in this county would need approximately $520,725 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.
Plan Your Retirement in Colfax County
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