Retirement Planning in Suffolk County, NY

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

Median Income

$122,498

Retirement Income (80%)

$97,998

Est. Nest Egg Needed

$1,378,100

Cost of Living Index

188

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$97,998
Est. Social Security$42,874

Annual Income Gap$55,124

Housing Costs

Median Rent$2,113/mo
Annual Housing$25,356
Property Tax Rate2.0%

Median Home Value$490,800

About Suffolk County, New York

Suffolk County in New York has a median household income of $122,498 and a homeownership rate of 81.8%. Using the 4% rule, retirees in this county would need approximately $1,378,100 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.