Retirement Planning in Newport County, RI

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

Median Income

$96,319

Retirement Income (80%)

$77,055

Est. Nest Egg Needed

$1,083,575

Cost of Living Index

148

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$77,055
Est. Social Security$33,712

Annual Income Gap$43,343

Housing Costs

Median Rent$1,544/mo
Annual Housing$18,528
Property Tax Rate1.0%

Median Home Value$503,700

About Newport County, Rhode Island

Newport County in Rhode Island has a median household income of $96,319 and a homeownership rate of 66.8%. Using the 4% rule, retirees in this county would need approximately $1,083,575 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.