Retirement Planning in Providence County, RI

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

Median Income

$72,579

Retirement Income (80%)

$58,063

Est. Nest Egg Needed

$816,500

Cost of Living Index

112

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$58,063
Est. Social Security$25,403

Annual Income Gap$32,660

Housing Costs

Median Rent$1,161/mo
Annual Housing$13,932
Property Tax Rate1.5%

Median Home Value$310,500

About Providence County, Rhode Island

Providence County in Rhode Island has a median household income of $72,579 and a homeownership rate of 55.8%. Using the 4% rule, retirees in this county would need approximately $816,500 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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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.