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Retirement Planning in New Hanover County, NC

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

Median Income

$67,515

Retirement Income (80%)

$54,012

Est. Nest Egg Needed

$759,550

Cost of Living Index

104

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,012
Est. Social Security$23,630
Annual Income Gap$30,382

Housing Costs

Median Rent$1,249/mo
Annual Housing$14,988
Property Tax Rate0.6%
Median Home Value$320,000

About New Hanover County, North Carolina

New Hanover County in North Carolina has a median household income of $67,515 and a homeownership rate of 59.5%. Using the 4% rule, retirees in this county would need approximately $759,550 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 New Hanover County

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Other Counties in North Carolina

Wake CountyMecklenburg CountyGuilford CountyForsyth CountyCumberland CountyDurham CountyBuncombe CountyUnion 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.