Retirement Planning in Hamlin County, SD

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

Median Income

$76,995

Retirement Income (80%)

$61,596

Est. Nest Egg Needed

$866,200

Cost of Living Index

118

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$61,596
Est. Social Security$26,948

Annual Income Gap$34,648

Housing Costs

Median Rent$717/mo
Annual Housing$8,604
Property Tax Rate1.1%

Median Home Value$181,800

About Hamlin County, South Dakota

Hamlin County in South Dakota has a median household income of $76,995 and a homeownership rate of 80.7%. Using the 4% rule, retirees in this county would need approximately $866,200 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.