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Retirement Planning in Sussex County, NJ

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

Median Income

$111,094

Retirement Income (80%)

$88,875

Est. Nest Egg Needed

$1,249,800

Cost of Living Index

171

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$88,875
Est. Social Security$38,883
Annual Income Gap$49,992

Housing Costs

Median Rent$1,501/mo
Annual Housing$18,012
Property Tax Rate2.6%
Median Home Value$322,300

About Sussex County, New Jersey

Sussex County in New Jersey has a median household income of $111,094 and a homeownership rate of 84.8%. Using the 4% rule, retirees in this county would need approximately $1,249,800 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 Sussex 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.