Retirement Planning in Worcester County, MA

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

Median Income

$88,524

Retirement Income (80%)

$70,819

Est. Nest Egg Needed

$995,900

Cost of Living Index

136

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$70,819
Est. Social Security$30,983

Annual Income Gap$39,836

Housing Costs

Median Rent$1,263/mo
Annual Housing$15,156
Property Tax Rate1.4%

Median Home Value$363,200

About Worcester County, Massachusetts

Worcester County in Massachusetts has a median household income of $88,524 and a homeownership rate of 65.9%. Using the 4% rule, retirees in this county would need approximately $995,900 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.