Retirement Planning in Eddy County, NM

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

Median Income

$77,458

Retirement Income (80%)

$61,966

Est. Nest Egg Needed

$871,400

Cost of Living Index

119

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$61,966
Est. Social Security$27,110

Annual Income Gap$34,856

Housing Costs

Median Rent$1,095/mo
Annual Housing$13,140
Property Tax Rate0.5%

Median Home Value$188,400

About Eddy County, New Mexico

Eddy County in New Mexico has a median household income of $77,458 and a homeownership rate of 73.4%. Using the 4% rule, retirees in this county would need approximately $871,400 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.