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Retirement Planning in Henrico County, VA

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

Median Income

$82,424

Retirement Income (80%)

$65,939

Est. Nest Egg Needed

$927,275

Cost of Living Index

127

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$65,939
Est. Social Security$28,848
Annual Income Gap$37,091

Housing Costs

Median Rent$1,380/mo
Annual Housing$16,560
Property Tax Rate0.7%
Median Home Value$309,700

About Henrico County, Virginia

Henrico County in Virginia has a median household income of $82,424 and a homeownership rate of 64.6%. Using the 4% rule, retirees in this county would need approximately $927,275 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

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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.