Retirement Planning in Charles Mix County, SD

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

Median Income

$60,729

Retirement Income (80%)

$48,583

Est. Nest Egg Needed

$683,200

Cost of Living Index

93

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$48,583
Est. Social Security$21,255

Annual Income Gap$27,328

Housing Costs

Median Rent$713/mo
Annual Housing$8,556
Property Tax Rate1.0%

Median Home Value$163,200

About Charles Mix County, South Dakota

Charles Mix County in South Dakota has a median household income of $60,729 and a homeownership rate of 73.9%. Using the 4% rule, retirees in this county would need approximately $683,200 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 South Dakota

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.