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Retirement Planning in Alleghany County, VA

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

Median Income

$52,546

Retirement Income (80%)

$42,037

Est. Nest Egg Needed

$591,150

Cost of Living Index

81

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$42,037
Est. Social Security$18,391
Annual Income Gap$23,646

Housing Costs

Median Rent$662/mo
Annual Housing$7,944
Property Tax Rate0.8%
Median Home Value$123,600

About Alleghany County, Virginia

Alleghany County in Virginia has a median household income of $52,546 and a homeownership rate of 83.2%. Using the 4% rule, retirees in this county would need approximately $591,150 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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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.