Retirement Planning in Buchanan County, VA

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

Median Income

$39,591

Retirement Income (80%)

$31,673

Est. Nest Egg Needed

$445,400

Cost of Living Index

61

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$31,673
Est. Social Security$13,857

Annual Income Gap$17,816

Housing Costs

Median Rent$728/mo
Annual Housing$8,736
Property Tax Rate0.5%

Median Home Value$84,900

About Buchanan County, Virginia

Buchanan County in Virginia has a median household income of $39,591 and a homeownership rate of 81.6%. Using the 4% rule, retirees in this county would need approximately $445,400 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 Virginia

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.