Retirement Planning in Brookings County, SD

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

Median Income

$64,438

Retirement Income (80%)

$51,550

Est. Nest Egg Needed

$724,925

Cost of Living Index

99

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$51,550
Est. Social Security$22,553

Annual Income Gap$28,997

Housing Costs

Median Rent$870/mo
Annual Housing$10,440
Property Tax Rate1.2%

Median Home Value$227,800

About Brookings County, South Dakota

Brookings County in South Dakota has a median household income of $64,438 and a homeownership rate of 58.3%. Using the 4% rule, retirees in this county would need approximately $724,925 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.