Retirement Planning in Union County, NJ

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

Median Income

$95,000

Retirement Income (80%)

$76,000

Est. Nest Egg Needed

$1,068,750

Cost of Living Index

146

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$76,000
Est. Social Security$33,250

Annual Income Gap$42,750

Housing Costs

Median Rent$1,570/mo
Annual Housing$18,840
Property Tax Rate2.2%

Median Home Value$458,000

About Union County, New Jersey

Union County in New Jersey has a median household income of $95,000 and a homeownership rate of 57.7%. Using the 4% rule, retirees in this county would need approximately $1,068,750 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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Other Counties in New Jersey

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.