Retirement Planning in Union County, NM

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

Median Income

$41,714

Retirement Income (80%)

$33,371

Est. Nest Egg Needed

$469,275

Cost of Living Index

64

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,371
Est. Social Security$14,600

Annual Income Gap$18,771

Housing Costs

Median Rent$587/mo
Annual Housing$7,044
Property Tax Rate0.5%

Median Home Value$126,900

About Union County, New Mexico

Union County in New Mexico has a median household income of $41,714 and a homeownership rate of 65.1%. Using the 4% rule, retirees in this county would need approximately $469,275 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.