Retirement Planning in Clay County, WV

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

Median Income

$41,530

Retirement Income (80%)

$33,224

Est. Nest Egg Needed

$467,225

Cost of Living Index

64

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$33,224
Est. Social Security$14,535

Annual Income Gap$18,689

Housing Costs

Median Rent$582/mo
Annual Housing$6,984
Property Tax Rate0.3%

Median Home Value$100,800

About Clay County, West Virginia

Clay County in West Virginia has a median household income of $41,530 and a homeownership rate of 81.8%. Using the 4% rule, retirees in this county would need approximately $467,225 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.