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Retirement Planning in Essex County, NY

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

Median Income

$68,090

Retirement Income (80%)

$54,472

Est. Nest Egg Needed

$766,000

Cost of Living Index

105

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,472
Est. Social Security$23,832
Annual Income Gap$30,640

Housing Costs

Median Rent$875/mo
Annual Housing$10,500
Property Tax Rate1.7%
Median Home Value$189,500

About Essex County, New York

Essex County in New York has a median household income of $68,090 and a homeownership rate of 77.0%. Using the 4% rule, retirees in this county would need approximately $766,000 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

Kings CountyQueens CountyNew York CountySuffolk CountyBronx CountyNassau CountyWestchester CountyErie County

This County Across Smart Technology Investments

Money and planning

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  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

Health and care costs

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.