Retirement Planning in Erie County, OH

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

Median Income

$65,171

Retirement Income (80%)

$52,137

Est. Nest Egg Needed

$733,175

Cost of Living Index

100

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$52,137
Est. Social Security$22,810

Annual Income Gap$29,327

Housing Costs

Median Rent$884/mo
Annual Housing$10,608
Property Tax Rate1.4%

Median Home Value$169,400

About Erie County, Ohio

Erie County in Ohio has a median household income of $65,171 and a homeownership rate of 71.4%. Using the 4% rule, retirees in this county would need approximately $733,175 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 Ohio

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.