Retirement Planning in Faulk County, SD

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

Median Income

$56,734

Retirement Income (80%)

$45,387

Est. Nest Egg Needed

$638,250

Cost of Living Index

87

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,387
Est. Social Security$19,857

Annual Income Gap$25,530

Housing Costs

Median Rent$775/mo
Annual Housing$9,300
Property Tax Rate0.8%

Median Home Value$115,300

About Faulk County, South Dakota

Faulk County in South Dakota has a median household income of $56,734 and a homeownership rate of 83.3%. Using the 4% rule, retirees in this county would need approximately $638,250 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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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.