Retirement Planning in Morgan County, WV

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

Median Income

$61,021

Retirement Income (80%)

$48,817

Est. Nest Egg Needed

$686,500

Cost of Living Index

94

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$48,817
Est. Social Security$21,357

Annual Income Gap$27,460

Housing Costs

Median Rent$742/mo
Annual Housing$8,904
Property Tax Rate0.5%

Median Home Value$212,500

About Morgan County, West Virginia

Morgan County in West Virginia has a median household income of $61,021 and a homeownership rate of 84.3%. Using the 4% rule, retirees in this county would need approximately $686,500 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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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.