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Retirement Planning in Montgomery County, TN

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

Median Income

$67,890

Retirement Income (80%)

$54,312

Est. Nest Egg Needed

$763,750

Cost of Living Index

104

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,312
Est. Social Security$23,762
Annual Income Gap$30,550

Housing Costs

Median Rent$1,128/mo
Annual Housing$13,536
Property Tax Rate0.7%
Median Home Value$226,400

About Montgomery County, Tennessee

Montgomery County in Tennessee has a median household income of $67,890 and a homeownership rate of 62.6%. Using the 4% rule, retirees in this county would need approximately $763,750 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.

Plan Your Retirement in Montgomery County

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Other Counties in Tennessee

Shelby CountyDavidson CountyKnox CountyHamilton CountyRutherford CountyWilliamson 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.