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Retirement Planning in Highland County, VA

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

Median Income

$57,070

Retirement Income (80%)

$45,656

Est. Nest Egg Needed

$642,025

Cost of Living Index

88

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$45,656
Est. Social Security$19,975
Annual Income Gap$25,681

Housing Costs

Median Rent$800/mo
Annual Housing$9,600
Property Tax Rate0.6%
Median Home Value$182,500

About Highland County, Virginia

Highland County in Virginia has a median household income of $57,070 and a homeownership rate of 86.4%. Using the 4% rule, retirees in this county would need approximately $642,025 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.