Retirement Planning in Putnam County, WV

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

Median Income

$75,725

Retirement Income (80%)

$60,580

Est. Nest Egg Needed

$851,900

Cost of Living Index

117

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$60,580
Est. Social Security$26,504

Annual Income Gap$34,076

Housing Costs

Median Rent$1,007/mo
Annual Housing$12,084
Property Tax Rate0.6%

Median Home Value$202,300

About Putnam County, West Virginia

Putnam County in West Virginia has a median household income of $75,725 and a homeownership rate of 82.1%. Using the 4% rule, retirees in this county would need approximately $851,900 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.