Retirement Planning in McKinley County, NM

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

Median Income

$44,029

Retirement Income (80%)

$35,223

Est. Nest Egg Needed

$495,325

Cost of Living Index

68

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$35,223
Est. Social Security$15,410

Annual Income Gap$19,813

Housing Costs

Median Rent$806/mo
Annual Housing$9,672
Property Tax Rate1.9%

Median Home Value$70,200

About McKinley County, New Mexico

McKinley County in New Mexico has a median household income of $44,029 and a homeownership rate of 71.9%. Using the 4% rule, retirees in this county would need approximately $495,325 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.