Retirement Planning in Washington County, NC

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

Median Income

$38,927

Retirement Income (80%)

$31,142

Est. Nest Egg Needed

$437,950

Cost of Living Index

60

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$31,142
Est. Social Security$13,624

Annual Income Gap$17,518

Housing Costs

Median Rent$755/mo
Annual Housing$9,060
Property Tax Rate1.2%

Median Home Value$97,800

About Washington County, North Carolina

Washington County in North Carolina has a median household income of $38,927 and a homeownership rate of 68.6%. Using the 4% rule, retirees in this county would need approximately $437,950 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.

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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.