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Retirement Planning in Lipscomb County, TX

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

Median Income

$71,625

Retirement Income (80%)

$57,300

Est. Nest Egg Needed

$805,775

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,300
Est. Social Security$25,069
Annual Income Gap$32,231

Housing Costs

Median Rent$836/mo
Annual Housing$10,032
Property Tax Rate1.3%
Median Home Value$119,800

About Lipscomb County, Texas

Lipscomb County in Texas has a median household income of $71,625 and a homeownership rate of 78.0%. Using the 4% rule, retirees in this county would need approximately $805,775 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

Harris CountyDallas CountyTarrant CountyBexar CountyTravis CountyCollin CountyDenton CountyHidalgo County

This County Across Smart Technology Investments

Money and planning

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  • 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.