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Retirement Planning in Raleigh County, WV

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

Median Income

$47,975

Retirement Income (80%)

$38,380

Est. Nest Egg Needed

$539,725

Cost of Living Index

74

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$38,380
Est. Social Security$16,791
Annual Income Gap$21,589

Housing Costs

Median Rent$819/mo
Annual Housing$9,828
Property Tax Rate0.5%
Median Home Value$132,300

About Raleigh County, West Virginia

Raleigh County in West Virginia has a median household income of $47,975 and a homeownership rate of 75.1%. Using the 4% rule, retirees in this county would need approximately $539,725 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

Kanawha CountyBerkeley CountyMonongalia CountyCabell CountyWood CountyHarrison CountyMercer CountyJefferson County

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.