Retirement Planning in Powhatan County, VA

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

Median Income

$108,089

Retirement Income (80%)

$86,471

Est. Nest Egg Needed

$1,216,000

Cost of Living Index

166

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$86,471
Est. Social Security$37,831

Annual Income Gap$48,640

Housing Costs

Median Rent$1,170/mo
Annual Housing$14,040
Property Tax Rate0.7%

Median Home Value$356,500

About Powhatan County, Virginia

Powhatan County in Virginia has a median household income of $108,089 and a homeownership rate of 91.2%. Using the 4% rule, retirees in this county would need approximately $1,216,000 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.