Retirement Planning in Mercer County, WV

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

Median Income

$46,409

Retirement Income (80%)

$37,127

Est. Nest Egg Needed

$522,100

Cost of Living Index

71

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$37,127
Est. Social Security$16,243

Annual Income Gap$20,884

Housing Costs

Median Rent$777/mo
Annual Housing$9,324
Property Tax Rate0.5%

Median Home Value$115,100

About Mercer County, West Virginia

Mercer County in West Virginia has a median household income of $46,409 and a homeownership rate of 70.0%. Using the 4% rule, retirees in this county would need approximately $522,100 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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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.