Retirement Planning in Hillsborough County, FL

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

Median Income

$70,612

Retirement Income (80%)

$56,490

Est. Nest Egg Needed

$794,400

Cost of Living Index

109

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$56,490
Est. Social Security$24,714

Annual Income Gap$31,776

Housing Costs

Median Rent$1,413/mo
Annual Housing$16,956
Property Tax Rate0.9%

Median Home Value$294,900

About Hillsborough County, Florida

Hillsborough County in Florida has a median household income of $70,612 and a homeownership rate of 60.5%. Using the 4% rule, retirees in this county would need approximately $794,400 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 Florida

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.