Lontevis

Retirement Planning in Kings County, NY

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

Median Income

$74,692

Retirement Income (80%)

$59,754

Est. Nest Egg Needed

$840,300

Cost of Living Index

115

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$59,754
Est. Social Security$26,142
Annual Income Gap$33,612

Housing Costs

Median Rent$1,715/mo
Annual Housing$20,580
Property Tax Rate0.7%
Median Home Value$865,300

About Kings County, New York

Kings County in New York has a median household income of $74,692 and a homeownership rate of 30.3%. Using the 4% rule, retirees in this county would need approximately $840,300 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 Kings County

Enter your income, savings, and goals to get a personalized retirement projection with Monte Carlo simulation, Roth conversion analysis, and withdrawal strategy optimization.

Start Free Analysis

Other Counties in New York

Queens CountyNew York CountySuffolk CountyBronx CountyNassau CountyWestchester CountyErie CountyMonroe 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.