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Retirement Planning in Sanborn County, SD

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

Median Income

$65,806

Retirement Income (80%)

$52,645

Est. Nest Egg Needed

$740,325

Cost of Living Index

101

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$52,645
Est. Social Security$23,032
Annual Income Gap$29,613

Housing Costs

Median Rent$595/mo
Annual Housing$7,140
Property Tax Rate1.3%
Median Home Value$128,800

About Sanborn County, South Dakota

Sanborn County in South Dakota has a median household income of $65,806 and a homeownership rate of 76.0%. Using the 4% rule, retirees in this county would need approximately $740,325 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 Sanborn County

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Other Counties in South Dakota

Minnehaha CountyPennington CountyLincoln CountyBrown CountyBrookings CountyMeade CountyCodington CountyLawrence 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.