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Retirement Planning in Lawrence County, TN

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

Median Income

$51,038

Retirement Income (80%)

$40,830

Est. Nest Egg Needed

$574,175

Cost of Living Index

79

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$40,830
Est. Social Security$17,863
Annual Income Gap$22,967

Housing Costs

Median Rent$715/mo
Annual Housing$8,580
Property Tax Rate0.6%
Median Home Value$156,500

About Lawrence County, Tennessee

Lawrence County in Tennessee has a median household income of $51,038 and a homeownership rate of 75.4%. Using the 4% rule, retirees in this county would need approximately $574,175 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

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.