Retirement Planning in Preston County, WV

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

Median Income

$60,136

Retirement Income (80%)

$48,109

Est. Nest Egg Needed

$676,525

Cost of Living Index

93

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$48,109
Est. Social Security$21,048

Annual Income Gap$27,061

Housing Costs

Median Rent$738/mo
Annual Housing$8,856
Property Tax Rate0.5%

Median Home Value$147,400

About Preston County, West Virginia

Preston County in West Virginia has a median household income of $60,136 and a homeownership rate of 80.7%. Using the 4% rule, retirees in this county would need approximately $676,525 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

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.