Retirement Planning in Suffolk County, MA

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

Median Income

$87,669

Retirement Income (80%)

$70,135

Est. Nest Egg Needed

$986,275

Cost of Living Index

135

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$70,135
Est. Social Security$30,684

Annual Income Gap$39,451

Housing Costs

Median Rent$1,953/mo
Annual Housing$23,436
Property Tax Rate0.7%

Median Home Value$650,900

About Suffolk County, Massachusetts

Suffolk County in Massachusetts has a median household income of $87,669 and a homeownership rate of 36.2%. Using the 4% rule, retirees in this county would need approximately $986,275 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

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.