Retirement Planning in Mills County, TX

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

Median Income

$59,315

Retirement Income (80%)

$47,452

Est. Nest Egg Needed

$667,300

Cost of Living Index

91

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$47,452
Est. Social Security$20,760

Annual Income Gap$26,692

Housing Costs

Median Rent$655/mo
Annual Housing$7,860
Property Tax Rate0.9%

Median Home Value$188,900

About Mills County, Texas

Mills County in Texas has a median household income of $59,315 and a homeownership rate of 85.2%. Using the 4% rule, retirees in this county would need approximately $667,300 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

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.