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Retirement Planning in Cumberland County, ME

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

Median Income

$87,710

Retirement Income (80%)

$70,168

Est. Nest Egg Needed

$986,750

Cost of Living Index

135

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$70,168
Est. Social Security$30,698
Annual Income Gap$39,470

Housing Costs

Median Rent$1,389/mo
Annual Housing$16,668
Property Tax Rate1.2%
Median Home Value$372,900

About Cumberland County, Maine

Cumberland County in Maine has a median household income of $87,710 and a homeownership rate of 69.9%. Using the 4% rule, retirees in this county would need approximately $986,750 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.

Plan Your Retirement in Cumberland County

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Other Counties in Maine

York CountyPenobscot CountyKennebec CountyAndroscoggin CountyAroostook CountyOxford CountyHancock CountySomerset County

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.