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Retirement Planning in Smith County, TN

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

Median Income

$57,677

Retirement Income (80%)

$46,142

Est. Nest Egg Needed

$648,875

Cost of Living Index

89

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,142
Est. Social Security$20,187
Annual Income Gap$25,955

Housing Costs

Median Rent$809/mo
Annual Housing$9,708
Property Tax Rate0.5%
Median Home Value$200,500

About Smith County, Tennessee

Smith County in Tennessee has a median household income of $57,677 and a homeownership rate of 74.8%. Using the 4% rule, retirees in this county would need approximately $648,875 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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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.