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Retirement Planning in Knox County, TN

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

Median Income

$68,580

Retirement Income (80%)

$54,864

Est. Nest Egg Needed

$771,525

Cost of Living Index

106

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,864
Est. Social Security$24,003
Annual Income Gap$30,861

Housing Costs

Median Rent$1,097/mo
Annual Housing$13,164
Property Tax Rate0.5%
Median Home Value$248,200

About Knox County, Tennessee

Knox County in Tennessee has a median household income of $68,580 and a homeownership rate of 64.9%. Using the 4% rule, retirees in this county would need approximately $771,525 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 CountyHamilton CountyRutherford CountyWilliamson CountyMontgomery CountySumner CountySullivan 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.