Retirement Planning in New York County, NY

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

Median Income

$99,880

Retirement Income (80%)

$79,904

Est. Nest Egg Needed

$1,123,650

Cost of Living Index

154

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$79,904
Est. Social Security$34,958

Annual Income Gap$44,946

Housing Costs

Median Rent$2,024/mo
Annual Housing$24,288
Property Tax Rate0.9%

Median Home Value$1,104,000

About New York County, New York

New York County in New York has a median household income of $99,880 and a homeownership rate of 24.3%. Using the 4% rule, retirees in this county would need approximately $1,123,650 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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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.