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Retirement Planning in Fayette County, WV

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

Median Income

$50,090

Retirement Income (80%)

$40,072

Est. Nest Egg Needed

$563,500

Cost of Living Index

77

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$40,072
Est. Social Security$17,532
Annual Income Gap$22,540

Housing Costs

Median Rent$734/mo
Annual Housing$8,808
Property Tax Rate0.7%
Median Home Value$103,200

About Fayette County, West Virginia

Fayette County in West Virginia has a median household income of $50,090 and a homeownership rate of 75.7%. Using the 4% rule, retirees in this county would need approximately $563,500 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 West Virginia

Kanawha CountyBerkeley CountyMonongalia CountyCabell CountyWood CountyRaleigh CountyHarrison CountyMercer 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.