Retirement Planning in Scott County, VA

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

Median Income

$44,535

Retirement Income (80%)

$35,628

Est. Nest Egg Needed

$501,025

Cost of Living Index

69

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$35,628
Est. Social Security$15,587

Annual Income Gap$20,041

Housing Costs

Median Rent$621/mo
Annual Housing$7,452
Property Tax Rate0.7%

Median Home Value$122,300

About Scott County, Virginia

Scott County in Virginia has a median household income of $44,535 and a homeownership rate of 78.5%. Using the 4% rule, retirees in this county would need approximately $501,025 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

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.