Retirement Planning in Monroe County, WV

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

Median Income

$52,392

Retirement Income (80%)

$41,914

Est. Nest Egg Needed

$589,425

Cost of Living Index

81

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$41,914
Est. Social Security$18,337

Annual Income Gap$23,577

Housing Costs

Median Rent$658/mo
Annual Housing$7,896
Property Tax Rate0.4%

Median Home Value$138,400

About Monroe County, West Virginia

Monroe County in West Virginia has a median household income of $52,392 and a homeownership rate of 81.7%. Using the 4% rule, retirees in this county would need approximately $589,425 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.