Salary Needed to Live in Bloomington as a Retiree
A retired individual (65+) needs approximately $17,548/year to live comfortably in Bloomington, IN — including 5% savings.
Comfortable Salary
$17,548
with 5% savings
Bare Minimum
$16,362
no savings buffer
Monthly Expenses
$1,009
16% below national avg
Detailed Monthly Budget for a Retiree in Bloomington
| Expense | Bloomington | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $123 | $121 | +2% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $111 | $211 | -47% |
| 🏥 Health Insurance | $51 | $53 | -4% |
| Medicare Supplement | $176 | $200 | -12% |
| Prescription Drugs | $132 | $150 | -12% |
| Internet + Phone | $106 | $120 | -12% |
| Recreation & Social | $176 | $200 | -12% |
| Home Maintenance | $88 | $100 | -12% |
| Total Monthly | $1,009 | $1,204 | -16% |
How We Calculated the Salary
Monthly expenses:$1,009
Target savings (5%):$57/mo
Monthly after-tax needed:$1,066
Effective tax rate:26%
Gross annual salary needed:$17,548
Other Household Types in Bloomington
Related Pages
FAQ
What salary does a retiree need in Bloomington?
A retiree needs approximately $17,548/year ($1,462/month gross) to live comfortably in Bloomington with a 5% savings rate.
How much is rent for a retiree in Bloomington?
A 1-2br senior-friendly in Bloomington costs approximately $123/month, which is the largest single expense at 12% of the total budget.
Is Bloomington affordable for a retiree?
Yes, Bloomington is 16% more affordable than the national average for a retiree.