Retirement Planning in Onondaga County, NY

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

Median Income

$71,479

Retirement Income (80%)

$57,183

Est. Nest Egg Needed

$804,125

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,183
Est. Social Security$25,018

Annual Income Gap$32,165

Housing Costs

Median Rent$1,002/mo
Annual Housing$12,024
Property Tax Rate2.7%

Median Home Value$172,800

About Onondaga County, New York

Onondaga County in New York has a median household income of $71,479 and a homeownership rate of 65.3%. Using the 4% rule, retirees in this county would need approximately $804,125 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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Property and place

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.