Retirement Planning in Dare County, NC

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

Median Income

$79,742

Retirement Income (80%)

$63,794

Est. Nest Egg Needed

$897,100

Cost of Living Index

123

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$63,794
Est. Social Security$27,910

Annual Income Gap$35,884

Housing Costs

Median Rent$1,259/mo
Annual Housing$15,108
Property Tax Rate0.5%

Median Home Value$386,600

About Dare County, North Carolina

Dare County in North Carolina has a median household income of $79,742 and a homeownership rate of 77.8%. Using the 4% rule, retirees in this county would need approximately $897,100 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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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.