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Retirement Planning in Berkeley County, WV

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

Median Income

$73,619

Retirement Income (80%)

$58,895

Est. Nest Egg Needed

$828,200

Cost of Living Index

113

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$58,895
Est. Social Security$25,767
Annual Income Gap$33,128

Housing Costs

Median Rent$1,154/mo
Annual Housing$13,848
Property Tax Rate0.6%
Median Home Value$231,600

About Berkeley County, West Virginia

Berkeley County in West Virginia has a median household income of $73,619 and a homeownership rate of 75.4%. Using the 4% rule, retirees in this county would need approximately $828,200 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 West Virginia

Kanawha CountyMonongalia CountyCabell CountyWood CountyRaleigh CountyHarrison CountyMercer CountyJefferson County

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

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.