Retirement Planning in McKean County, PA

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

Median Income

$57,861

Retirement Income (80%)

$46,289

Est. Nest Egg Needed

$650,950

Cost of Living Index

89

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,289
Est. Social Security$20,251

Annual Income Gap$26,038

Housing Costs

Median Rent$756/mo
Annual Housing$9,072
Property Tax Rate1.7%

Median Home Value$96,600

About McKean County, Pennsylvania

McKean County in Pennsylvania has a median household income of $57,861 and a homeownership rate of 77.4%. Using the 4% rule, retirees in this county would need approximately $650,950 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 Pennsylvania

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.