Salary Needed to Live in Anchorage as a Retiree
A retired individual (65+) needs approximately $25,112/year to live comfortably in Anchorage, AK — including 5% savings.
Comfortable Salary
$25,112
with 5% savings
Bare Minimum
$23,392
no savings buffer
Monthly Expenses
$1,423
18% above national avg
Detailed Monthly Budget for a Retiree in Anchorage
| Expense | Anchorage | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $171 | $121 | +41% |
| 🛒 Groceries | $25 | $16 | +56% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $159 | $215 | -26% |
| 🏥 Health Insurance | $56 | $54 | +4% |
| Medicare Supplement | $254 | $200 | +27% |
| Prescription Drugs | $191 | $150 | +27% |
| Internet + Phone | $152 | $120 | +27% |
| Recreation & Social | $254 | $200 | +27% |
| Home Maintenance | $127 | $100 | +27% |
| Total Monthly | $1,423 | $1,209 | +18% |
How We Calculated the Salary
Monthly expenses:$1,423
Target savings (5%):$80/mo
Monthly after-tax needed:$1,503
Effective tax rate:27%
Gross annual salary needed:$25,112
Other Household Types in Anchorage
Related Pages
FAQ
What salary does a retiree need in Anchorage?
A retiree needs approximately $25,112/year ($2,093/month gross) to live comfortably in Anchorage with a 5% savings rate.
How much is rent for a retiree in Anchorage?
A 1-2br senior-friendly in Anchorage costs approximately $171/month, which is the largest single expense at 12% of the total budget.
Is Anchorage affordable for a retiree?
Anchorage is above the national average for retiree living costs, requiring 18% more salary than the US median.