Retirement Planning in Summers County, WV

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

Median Income

$42,991

Retirement Income (80%)

$34,393

Est. Nest Egg Needed

$483,650

Cost of Living Index

66

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$34,393
Est. Social Security$15,047

Annual Income Gap$19,346

Housing Costs

Median Rent$842/mo
Annual Housing$10,104
Property Tax Rate0.3%

Median Home Value$123,400

About Summers County, West Virginia

Summers County in West Virginia has a median household income of $42,991 and a homeownership rate of 78.9%. Using the 4% rule, retirees in this county would need approximately $483,650 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.