Retirement Planning in Gloucester County, NJ

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

Median Income

$99,668

Retirement Income (80%)

$79,734

Est. Nest Egg Needed

$1,121,250

Cost of Living Index

153

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$79,734
Est. Social Security$34,884

Annual Income Gap$44,850

Housing Costs

Median Rent$1,435/mo
Annual Housing$17,220
Property Tax Rate2.9%

Median Home Value$265,200

About Gloucester County, New Jersey

Gloucester County in New Jersey has a median household income of $99,668 and a homeownership rate of 79.7%. Using the 4% rule, retirees in this county would need approximately $1,121,250 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.