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Retirement Planning in Cumberland County, VA

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

Median Income

$56,497

Retirement Income (80%)

$45,198

Est. Nest Egg Needed

$635,600

Cost of Living Index

87

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,198
Est. Social Security$19,774
Annual Income Gap$25,424

Housing Costs

Median Rent$803/mo
Annual Housing$9,636
Property Tax Rate0.6%
Median Home Value$208,600

About Cumberland County, Virginia

Cumberland County in Virginia has a median household income of $56,497 and a homeownership rate of 77.6%. Using the 4% rule, retirees in this county would need approximately $635,600 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

Fairfax CountyPrince William CountyVirginia Beach cityLoudoun CountyChesterfield CountyHenrico CountyChesapeake cityNorfolk city

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.