Retirement Planning in Taos County, NM

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

Median Income

$55,145

Retirement Income (80%)

$44,116

Est. Nest Egg Needed

$620,375

Cost of Living Index

85

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,116
Est. Social Security$19,301

Annual Income Gap$24,815

Housing Costs

Median Rent$982/mo
Annual Housing$11,784
Property Tax Rate0.4%

Median Home Value$313,400

About Taos County, New Mexico

Taos County in New Mexico has a median household income of $55,145 and a homeownership rate of 80.5%. Using the 4% rule, retirees in this county would need approximately $620,375 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.