Retirement Planning in Essex County, NJ
What does it take to retire comfortably in Essex County? Here are the numbers.
Median Income
$73,785
Retirement Income (80%)
$59,028
Est. Nest Egg Needed
$830,075
Cost of Living Index
114
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Essex County, New Jersey
Essex County in New Jersey has a median household income of $73,785 and a homeownership rate of 44.7%. Using the 4% rule, retirees in this county would need approximately $830,075 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 Essex County
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