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Retirement Planning in Spink County, SD

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

Median Income

$65,795

Retirement Income (80%)

$52,636

Est. Nest Egg Needed

$740,200

Cost of Living Index

101

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$52,636
Est. Social Security$23,028
Annual Income Gap$29,608

Housing Costs

Median Rent$651/mo
Annual Housing$7,812
Property Tax Rate1.3%
Median Home Value$108,200

About Spink County, South Dakota

Spink County in South Dakota has a median household income of $65,795 and a homeownership rate of 74.0%. Using the 4% rule, retirees in this county would need approximately $740,200 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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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.