Retirement Planning in Hutchinson County, SD

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

Median Income

$69,139

Retirement Income (80%)

$55,311

Est. Nest Egg Needed

$777,800

Cost of Living Index

106

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$55,311
Est. Social Security$24,199

Annual Income Gap$31,112

Housing Costs

Median Rent$660/mo
Annual Housing$7,920
Property Tax Rate1.2%

Median Home Value$143,800

About Hutchinson County, South Dakota

Hutchinson County in South Dakota has a median household income of $69,139 and a homeownership rate of 76.7%. Using the 4% rule, retirees in this county would need approximately $777,800 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.