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Retirement Planning in Philadelphia County, PA

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

Median Income

$57,537

Retirement Income (80%)

$46,030

Est. Nest Egg Needed

$647,300

Cost of Living Index

89

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,030
Est. Social Security$20,138
Annual Income Gap$25,892

Housing Costs

Median Rent$1,250/mo
Annual Housing$15,000
Property Tax Rate0.9%
Median Home Value$215,500

About Philadelphia County, Pennsylvania

Philadelphia County in Pennsylvania has a median household income of $57,537 and a homeownership rate of 52.2%. Using the 4% rule, retirees in this county would need approximately $647,300 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

Allegheny CountyMontgomery CountyBucks CountyDelaware CountyLancaster CountyChester CountyYork CountyBerks County

This County Across Smart Technology Investments

Money and planning

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  • 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.