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Retirement Planning in Naugatuck Valley Planning Region, CT

What does it take to retire comfortably in Naugatuck Valley Planning Region? Here are the numbers.

Median Income

$82,939

Retirement Income (80%)

$66,351

Est. Nest Egg Needed

$933,050

Cost of Living Index

128

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$66,351
Est. Social Security$29,029
Annual Income Gap$37,322

Housing Costs

Median Rent$1,218/mo
Annual Housing$14,616
Property Tax Rate2.1%
Median Home Value$273,500

About Naugatuck Valley Planning Region, Connecticut

Naugatuck Valley Planning Region in Connecticut has a median household income of $82,939 and a homeownership rate of 67.0%. Using the 4% rule, retirees in this county would need approximately $933,050 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 Connecticut

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This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

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.