Retirement Planning in Mercer County, NJ

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

Median Income

$92,697

Retirement Income (80%)

$74,158

Est. Nest Egg Needed

$1,042,850

Cost of Living Index

143

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$74,158
Est. Social Security$32,444

Annual Income Gap$41,714

Housing Costs

Median Rent$1,454/mo
Annual Housing$17,448
Property Tax Rate2.6%

Median Home Value$327,600

About Mercer County, New Jersey

Mercer County in New Jersey has a median household income of $92,697 and a homeownership rate of 62.8%. Using the 4% rule, retirees in this county would need approximately $1,042,850 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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Property and place

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.