Retirement Planning in Davidson County, TN

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

Median Income

$71,863

Retirement Income (80%)

$57,490

Est. Nest Egg Needed

$808,450

Cost of Living Index

111

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,490
Est. Social Security$25,152

Annual Income Gap$32,338

Housing Costs

Median Rent$1,394/mo
Annual Housing$16,728
Property Tax Rate0.6%

Median Home Value$354,700

About Davidson County, Tennessee

Davidson County in Tennessee has a median household income of $71,863 and a homeownership rate of 54.2%. Using the 4% rule, retirees in this county would need approximately $808,450 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 Tennessee

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.