Retirement Planning in Wayne County, NY

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

Median Income

$71,007

Retirement Income (80%)

$56,806

Est. Nest Egg Needed

$798,850

Cost of Living Index

109

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$56,806
Est. Social Security$24,852

Annual Income Gap$31,954

Housing Costs

Median Rent$877/mo
Annual Housing$10,524
Property Tax Rate2.6%

Median Home Value$151,900

About Wayne County, New York

Wayne County in New York has a median household income of $71,007 and a homeownership rate of 79.8%. Using the 4% rule, retirees in this county would need approximately $798,850 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.