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Retirement Planning in Madison County, NY

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

Median Income

$68,869

Retirement Income (80%)

$55,095

Est. Nest Egg Needed

$774,775

Cost of Living Index

106

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$55,095
Est. Social Security$24,104
Annual Income Gap$30,991

Housing Costs

Median Rent$867/mo
Annual Housing$10,404
Property Tax Rate2.4%
Median Home Value$162,800

About Madison County, New York

Madison County in New York has a median household income of $68,869 and a homeownership rate of 77.7%. Using the 4% rule, retirees in this county would need approximately $774,775 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 Madison 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.