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Retirement Planning in Pennington County, SD

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

Median Income

$67,823

Retirement Income (80%)

$54,258

Est. Nest Egg Needed

$763,000

Cost of Living Index

104

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,258
Est. Social Security$23,738
Annual Income Gap$30,520

Housing Costs

Median Rent$996/mo
Annual Housing$11,952
Property Tax Rate1.2%
Median Home Value$247,800

About Pennington County, South Dakota

Pennington County in South Dakota has a median household income of $67,823 and a homeownership rate of 69.2%. Using the 4% rule, retirees in this county would need approximately $763,000 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.

Plan Your Retirement in Pennington County

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Other Counties in South Dakota

Minnehaha CountyLincoln CountyBrown CountyBrookings CountyMeade CountyCodington CountyLawrence CountyYankton County

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.