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Retirement Planning in Norfolk County, MA

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

Median Income

$120,621

Retirement Income (80%)

$96,497

Est. Nest Egg Needed

$1,357,000

Cost of Living Index

186

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$96,497
Est. Social Security$42,217
Annual Income Gap$54,280

Housing Costs

Median Rent$1,933/mo
Annual Housing$23,196
Property Tax Rate1.1%
Median Home Value$612,100

About Norfolk County, Massachusetts

Norfolk County in Massachusetts has a median household income of $120,621 and a homeownership rate of 68.3%. Using the 4% rule, retirees in this county would need approximately $1,357,000 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 Massachusetts

Middlesex CountyWorcester CountyEssex CountySuffolk CountyBristol CountyPlymouth CountyHampden CountyBarnstable County

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.