Retirement Planning in Boone County, WV

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

Median Income

$56,182

Retirement Income (80%)

$44,946

Est. Nest Egg Needed

$632,050

Cost of Living Index

86

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$44,946
Est. Social Security$19,664

Annual Income Gap$25,282

Housing Costs

Median Rent$735/mo
Annual Housing$8,820
Property Tax Rate0.7%

Median Home Value$87,300

About Boone County, West Virginia

Boone County in West Virginia has a median household income of $56,182 and a homeownership rate of 79.1%. Using the 4% rule, retirees in this county would need approximately $632,050 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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Property and place

Health and care costs

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.