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Retirement Planning in Nelson County, VA

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

Median Income

$64,028

Retirement Income (80%)

$51,222

Est. Nest Egg Needed

$720,300

Cost of Living Index

99

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$51,222
Est. Social Security$22,410
Annual Income Gap$28,812

Housing Costs

Median Rent$921/mo
Annual Housing$11,052
Property Tax Rate0.6%
Median Home Value$275,100

About Nelson County, Virginia

Nelson County in Virginia has a median household income of $64,028 and a homeownership rate of 79.0%. Using the 4% rule, retirees in this county would need approximately $720,300 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.