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Retirement Planning in Genesee County, NY

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

Median Income

$68,178

Retirement Income (80%)

$54,542

Est. Nest Egg Needed

$767,000

Cost of Living Index

105

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,542
Est. Social Security$23,862
Annual Income Gap$30,680

Housing Costs

Median Rent$866/mo
Annual Housing$10,392
Property Tax Rate2.6%
Median Home Value$148,600

About Genesee County, New York

Genesee County in New York has a median household income of $68,178 and a homeownership rate of 73.4%. Using the 4% rule, retirees in this county would need approximately $767,000 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.

Plan Your Retirement in Genesee County

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Other Counties in New York

Kings CountyQueens CountyNew York CountySuffolk CountyBronx CountyNassau CountyWestchester CountyErie 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.