Retirement Planning in Westchester County, NY

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

Median Income

$114,651

Retirement Income (80%)

$91,721

Est. Nest Egg Needed

$1,289,825

Cost of Living Index

176

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$91,721
Est. Social Security$40,128

Annual Income Gap$51,593

Housing Costs

Median Rent$1,796/mo
Annual Housing$21,552
Property Tax Rate1.6%

Median Home Value$619,000

About Westchester County, New York

Westchester County in New York has a median household income of $114,651 and a homeownership rate of 62.3%. Using the 4% rule, retirees in this county would need approximately $1,289,825 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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Other Counties in New York

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.