Retirement Planning in Kent County, RI

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

Median Income

$85,732

Retirement Income (80%)

$68,586

Est. Nest Egg Needed

$964,500

Cost of Living Index

132

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$68,586
Est. Social Security$30,006

Annual Income Gap$38,580

Housing Costs

Median Rent$1,226/mo
Annual Housing$14,712
Property Tax Rate1.6%

Median Home Value$306,000

About Kent County, Rhode Island

Kent County in Rhode Island has a median household income of $85,732 and a homeownership rate of 72.1%. Using the 4% rule, retirees in this county would need approximately $964,500 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 Rhode Island

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.