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Retirement Planning in Millard County, UT

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

Median Income

$69,403

Retirement Income (80%)

$55,522

Est. Nest Egg Needed

$780,775

Cost of Living Index

107

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$55,522
Est. Social Security$24,291
Annual Income Gap$31,231

Housing Costs

Median Rent$801/mo
Annual Housing$9,612
Property Tax Rate0.5%
Median Home Value$227,000

About Millard County, Utah

Millard County in Utah has a median household income of $69,403 and a homeownership rate of 76.0%. Using the 4% rule, retirees in this county would need approximately $780,775 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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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.