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Retirement Planning in Franklin County, WA

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

Median Income

$77,877

Retirement Income (80%)

$62,302

Est. Nest Egg Needed

$876,125

Cost of Living Index

120

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$62,302
Est. Social Security$27,257
Annual Income Gap$35,045

Housing Costs

Median Rent$1,124/mo
Annual Housing$13,488
Property Tax Rate0.8%
Median Home Value$308,700

About Franklin County, Washington

Franklin County in Washington has a median household income of $77,877 and a homeownership rate of 69.9%. Using the 4% rule, retirees in this county would need approximately $876,125 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 Washington

King CountyPierce CountySnohomish CountySpokane CountyClark CountyThurston CountyKitsap CountyYakima County

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.