Retirement Planning in Erie County, NY

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

Median Income

$68,014

Retirement Income (80%)

$54,411

Est. Nest Egg Needed

$765,150

Cost of Living Index

105

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,411
Est. Social Security$23,805

Annual Income Gap$30,606

Housing Costs

Median Rent$984/mo
Annual Housing$11,808
Property Tax Rate2.2%

Median Home Value$197,400

About Erie County, New York

Erie County in New York has a median household income of $68,014 and a homeownership rate of 65.2%. Using the 4% rule, retirees in this county would need approximately $765,150 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.