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Retirement Planning in Hancock County, TN

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

Median Income

$31,809

Retirement Income (80%)

$25,447

Est. Nest Egg Needed

$357,850

Cost of Living Index

49

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$25,447
Est. Social Security$11,133
Annual Income Gap$14,314

Housing Costs

Median Rent$571/mo
Annual Housing$6,852
Property Tax Rate0.5%
Median Home Value$112,600

About Hancock County, Tennessee

Hancock County in Tennessee has a median household income of $31,809 and a homeownership rate of 77.9%. Using the 4% rule, retirees in this county would need approximately $357,850 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

Shelby CountyDavidson CountyKnox CountyHamilton CountyRutherford CountyWilliamson CountyMontgomery CountySumner County

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Money and planning

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  • Venatribusiness, startup, launch cost

Property and place

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.