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Retirement Planning in Durham County, NC

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

Median Income

$74,927

Retirement Income (80%)

$59,942

Est. Nest Egg Needed

$842,950

Cost of Living Index

115

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$59,942
Est. Social Security$26,224
Annual Income Gap$33,718

Housing Costs

Median Rent$1,301/mo
Annual Housing$15,612
Property Tax Rate0.9%
Median Home Value$311,300

About Durham County, North Carolina

Durham County in North Carolina has a median household income of $74,927 and a homeownership rate of 55.4%. Using the 4% rule, retirees in this county would need approximately $842,950 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 Durham County

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Other Counties in North Carolina

Wake CountyMecklenburg CountyGuilford CountyForsyth CountyCumberland CountyBuncombe CountyUnion CountyGaston 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.