Retirement Planning in Wayne County, OH

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

Median Income

$70,320

Retirement Income (80%)

$56,256

Est. Nest Egg Needed

$791,100

Cost of Living Index

108

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$56,256
Est. Social Security$24,612

Annual Income Gap$31,644

Housing Costs

Median Rent$824/mo
Annual Housing$9,888
Property Tax Rate1.3%

Median Home Value$189,800

About Wayne County, Ohio

Wayne County in Ohio has a median household income of $70,320 and a homeownership rate of 75.3%. Using the 4% rule, retirees in this county would need approximately $791,100 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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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.