Retirement Planning in Lyman County, SD

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

Median Income

$60,284

Retirement Income (80%)

$48,227

Est. Nest Egg Needed

$678,200

Cost of Living Index

93

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$48,227
Est. Social Security$21,099

Annual Income Gap$27,128

Housing Costs

Median Rent$615/mo
Annual Housing$7,380
Property Tax Rate1.2%

Median Home Value$132,100

About Lyman County, South Dakota

Lyman County in South Dakota has a median household income of $60,284 and a homeownership rate of 66.9%. Using the 4% rule, retirees in this county would need approximately $678,200 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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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.