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Retirement Planning in Monroe County, NY

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

Median Income

$71,450

Retirement Income (80%)

$57,160

Est. Nest Egg Needed

$803,800

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,160
Est. Social Security$25,008
Annual Income Gap$32,152

Housing Costs

Median Rent$1,085/mo
Annual Housing$13,020
Property Tax Rate2.9%
Median Home Value$182,700

About Monroe County, New York

Monroe County in New York has a median household income of $71,450 and a homeownership rate of 63.7%. Using the 4% rule, retirees in this county would need approximately $803,800 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 Monroe 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.