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Retirement Planning in Hemphill County, TX

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

Median Income

$67,798

Retirement Income (80%)

$54,238

Est. Nest Egg Needed

$762,725

Cost of Living Index

104

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,238
Est. Social Security$23,729
Annual Income Gap$30,509

Housing Costs

Median Rent$1,025/mo
Annual Housing$12,300
Property Tax Rate1.1%
Median Home Value$200,600

About Hemphill County, Texas

Hemphill County in Texas has a median household income of $67,798 and a homeownership rate of 73.4%. Using the 4% rule, retirees in this county would need approximately $762,725 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 Texas

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This County Across Smart Technology Investments

Money and planning

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  • Morivexlife insurance, term, whole
  • 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.