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Retirement Planning in Franklin County, PA

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

Median Income

$71,808

Retirement Income (80%)

$57,446

Est. Nest Egg Needed

$807,825

Cost of Living Index

110

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$57,446
Est. Social Security$25,133
Annual Income Gap$32,313

Housing Costs

Median Rent$1,019/mo
Annual Housing$12,228
Property Tax Rate1.2%
Median Home Value$222,000

About Franklin County, Pennsylvania

Franklin County in Pennsylvania has a median household income of $71,808 and a homeownership rate of 72.9%. Using the 4% rule, retirees in this county would need approximately $807,825 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 Pennsylvania

Philadelphia CountyAllegheny CountyMontgomery CountyBucks CountyDelaware CountyLancaster CountyChester CountyYork County

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

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.