Retirement Planning in Albany County, NY

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

Median Income

$78,829

Retirement Income (80%)

$63,063

Est. Nest Egg Needed

$886,825

Cost of Living Index

121

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$63,063
Est. Social Security$27,590

Annual Income Gap$35,473

Housing Costs

Median Rent$1,196/mo
Annual Housing$14,352
Property Tax Rate1.9%

Median Home Value$263,800

About Albany County, New York

Albany County in New York has a median household income of $78,829 and a homeownership rate of 56.5%. Using the 4% rule, retirees in this county would need approximately $886,825 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 York

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.