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Retirement Planning in Summit County, OH

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

Median Income

$68,360

Retirement Income (80%)

$54,688

Est. Nest Egg Needed

$769,050

Cost of Living Index

105

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$54,688
Est. Social Security$23,926
Annual Income Gap$30,762

Housing Costs

Median Rent$956/mo
Annual Housing$11,472
Property Tax Rate1.6%
Median Home Value$182,500

About Summit County, Ohio

Summit County in Ohio has a median household income of $68,360 and a homeownership rate of 66.9%. Using the 4% rule, retirees in this county would need approximately $769,050 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

Franklin CountyCuyahoga CountyHamilton CountyMontgomery CountyLucas CountyButler CountyStark CountyLorain County

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.