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Retirement Planning in Monroe County, PA

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

Median Income

$80,656

Retirement Income (80%)

$64,525

Est. Nest Egg Needed

$907,375

Cost of Living Index

124

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$64,525
Est. Social Security$28,230
Annual Income Gap$36,295

Housing Costs

Median Rent$1,311/mo
Annual Housing$15,732
Property Tax Rate2.0%
Median Home Value$221,100

About Monroe County, Pennsylvania

Monroe County in Pennsylvania has a median household income of $80,656 and a homeownership rate of 78.7%. Using the 4% rule, retirees in this county would need approximately $907,375 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.