Retirement Planning in Salem city, VA
What does it take to retire comfortably in Salem city? Here are the numbers.
Median Income
$68,402
Retirement Income (80%)
$54,722
Est. Nest Egg Needed
$769,525
Cost of Living Index
105
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Salem city, Virginia
Salem city in Virginia has a median household income of $68,402 and a homeownership rate of 64.0%. Using the 4% rule, retirees in this county would need approximately $769,525 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.
Plan Your Retirement in Salem city
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