Retirement Planning in Wood County, WV

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

Median Income

$54,350

Retirement Income (80%)

$43,480

Est. Nest Egg Needed

$611,425

Cost of Living Index

84

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$43,480
Est. Social Security$19,023

Annual Income Gap$24,457

Housing Costs

Median Rent$780/mo
Annual Housing$9,360
Property Tax Rate0.7%

Median Home Value$140,700

About Wood County, West Virginia

Wood County in West Virginia has a median household income of $54,350 and a homeownership rate of 74.7%. Using the 4% rule, retirees in this county would need approximately $611,425 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.