Retirement Planning in Mellette County, SD

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

Median Income

$41,397

Retirement Income (80%)

$33,118

Est. Nest Egg Needed

$465,725

Cost of Living Index

64

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,118
Est. Social Security$14,489

Annual Income Gap$18,629

Housing Costs

Median Rent$670/mo
Annual Housing$8,040
Property Tax Rate1.6%

Median Home Value$60,700

About Mellette County, South Dakota

Mellette County in South Dakota has a median household income of $41,397 and a homeownership rate of 56.5%. Using the 4% rule, retirees in this county would need approximately $465,725 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.