Retirement Planning in Albemarle County, VA

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

Median Income

$97,708

Retirement Income (80%)

$78,166

Est. Nest Egg Needed

$1,099,200

Cost of Living Index

150

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$78,166
Est. Social Security$34,198

Annual Income Gap$43,968

Housing Costs

Median Rent$1,570/mo
Annual Housing$18,840
Property Tax Rate0.7%

Median Home Value$450,200

About Albemarle County, Virginia

Albemarle County in Virginia has a median household income of $97,708 and a homeownership rate of 67.2%. Using the 4% rule, retirees in this county would need approximately $1,099,200 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 Virginia

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.