What is the cost of living in Beaumont compared to the national average?

Beaumont's cost of living index is 88, which is 12% below the national average.

How much should I have saved for retirement by age 40?

Fidelity guideline: 3x salary by 40. At $80K: $240K by 40. Other rules: 1x by 30, 3x by 40, 6x by 50, 8x by 60, 10x at 67.

Am I saving enough for retirement?

Target saving 15% of gross income (including employer match). On $80K: $12,000/year. If behind, increase by 1% per year until at 15%.

How much money do I need to retire comfortably?

The 4% rule: you need 25x annual expenses. Spending $60K/year: $1.5M needed. For 30-year retirement with Social Security: often $800K-$1.2M for middle-income.

What is the best retirement calculator formula?

FV = PMT × ((1+r)^n - 1) / r × (1+r) + PV × (1+r)^n. Where PMT=monthly contribution, r=monthly return, n=months, PV=current balance.

When can I retire with $1 million?

At 4% withdrawal: $40K/year. With Social Security ($20K): $60K/year total. Comfortable for most if retiring at 65. Retiring at 55 with $1M: plan for 35 years, use 3% rate.

Retirement Savings Calculator for Beaumont, TX

Updated 2026 · Local data pre-filled

📍 Customized for Beaumont, Texas

The median household income in Beaumont is $57,200. With a cost of living index of 88, your retirement needs will be lower than average. Planners generally recommend saving 10–15% of income; at Beaumont's median income that's $6,864–$8,580 per year.

Median Home

$195k

Median Rent

$925/mo

Median Income

$57k/yr

Property Tax

1.80%

Cost of Living

88 / 100 avg

✓ Calculator below is pre-filled with Beaumont local data

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Current Age35yrs

Target Retirement Age65yrs

Current Retirement Savings

Monthly Contribution

Annual Employer Match

Expected Annual Return (%)7%

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Projected Retirement Balance: $2,194,700(positive trend)

In Today's Dollars: $904,187

Monthly Income (4%): $7,316/mo

Years to Grow: 30

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How This Calculator Works

FV = PV×(1+r)^n + PMT×((1+r)^n-1)/r where r = monthly return, n = months, PV = current savings, PMT = monthly contribution. Monthly income = FV × 4% withdrawal rate / 12.

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The 4% Rule Explained: How to Calculate Your Retirement Number

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Maximizing Your 401(k) and IRA: A Step-by-Step Guide to Retirement Accounts

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How Beaumont Compares to the National Average

Understanding how Beaumont stacks up helps you calibrate your financial planning.

Metric	Beaumont, TX	US Average	Difference
Median Home Price	$195,000	$420,800	-53.7%
Median Monthly Rent	$925	$1,713	-46.0%
Median Household Income	$57,200	$74,580	-23.3%
Property Tax Rate	1.80%	1.10%	+63.6%
Cost of Living Index	88	100	-12.0%

Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.

Beaumont Financial Snapshot

Population (Metro): 395,000
Unemployment: 5.2%
Avg Commute: 22 min
Median Age: 36.2
Price-to-Rent Ratio: 17.6x
Annual Property Tax: $3,510

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Frequently Asked Questions — Beaumont

What is the median home price in Beaumont, TX?

The median home price in Beaumont is $195,000 as of 2025–2026. This is below the national median of $420,800.

What is the average rent in Beaumont?

Median monthly rent in Beaumont is $925. That works out to $11,100/year, or 19% of the median household income — within the commonly recommended 30% of income guideline.

Is Beaumont affordable?

Beaumont's cost of living index is 88 vs. the national average of 100. With a median household income of $57,200/year and a median home price of $195,000, the price-to-income ratio is 3.4x. Beaumont remains relatively affordable compared to many US metros.

What is the property tax rate in Beaumont?

The effective property tax rate in Beaumont is 1.80% of assessed value. On the median home of $195,000, that's roughly $3,510/year ($292/month).