Retirement Planning in Sussex County, DE

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

Median Income

$75,406

Retirement Income (80%)

$60,325

Est. Nest Egg Needed

$848,325

Cost of Living Index

116

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$60,325
Est. Social Security$26,392

Annual Income Gap$33,933

Housing Costs

Median Rent$1,162/mo
Annual Housing$13,944
Property Tax Rate0.4%

Median Home Value$324,400

About Sussex County, Delaware

Sussex County in Delaware has a median household income of $75,406 and a homeownership rate of 81.4%. Using the 4% rule, retirees in this county would need approximately $848,325 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 Delaware

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.