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Retirement Planning in Salem County, NJ

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

Median Income

$73,378

Retirement Income (80%)

$58,702

Est. Nest Egg Needed

$825,500

Cost of Living Index

113

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$58,702
Est. Social Security$25,682
Annual Income Gap$33,020

Housing Costs

Median Rent$1,165/mo
Annual Housing$13,980
Property Tax Rate3.2%
Median Home Value$208,200

About Salem County, New Jersey

Salem County in New Jersey has a median household income of $73,378 and a homeownership rate of 70.6%. Using the 4% rule, retirees in this county would need approximately $825,500 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 Salem County

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Other Counties in New Jersey

Bergen CountyMiddlesex CountyEssex CountyHudson CountyMonmouth CountyOcean CountyUnion CountyCamden 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.