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Retirement Planning in Licking County, OH

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

Median Income

$78,505

Retirement Income (80%)

$62,804

Est. Nest Egg Needed

$883,175

Cost of Living Index

121

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$62,804
Est. Social Security$27,477
Annual Income Gap$35,327

Housing Costs

Median Rent$960/mo
Annual Housing$11,520
Property Tax Rate1.3%
Median Home Value$232,200

About Licking County, Ohio

Licking County in Ohio has a median household income of $78,505 and a homeownership rate of 73.5%. Using the 4% rule, retirees in this county would need approximately $883,175 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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Other Counties in Ohio

Franklin CountyCuyahoga CountyHamilton CountySummit CountyMontgomery CountyLucas CountyButler CountyStark County

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

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.