Retirement Planning in Franklin County, VA
What does it take to retire comfortably in Franklin County? Here are the numbers.
Median Income
$66,275
Retirement Income (80%)
$53,020
Est. Nest Egg Needed
$745,600
Cost of Living Index
102
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Franklin County, Virginia
Franklin County in Virginia has a median household income of $66,275 and a homeownership rate of 80.0%. Using the 4% rule, retirees in this county would need approximately $745,600 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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