Salary Needed to Live in Boise as a Retiree
A retired individual (65+) needs approximately $21,212/year to live comfortably in Boise, ID — including 5% savings.
Comfortable Salary
$21,212
with 5% savings
Bare Minimum
$19,759
no savings buffer
Monthly Expenses
$1,202
1% below national avg
Detailed Monthly Budget for a Retiree in Boise
| Expense | Boise | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $142 | $121 | +17% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $166 | $215 | -23% |
| 🏥 Health Insurance | $44 | $54 | -19% |
| Medicare Supplement | $208 | $200 | +4% |
| Prescription Drugs | $156 | $150 | +4% |
| Internet + Phone | $125 | $120 | +4% |
| Recreation & Social | $208 | $200 | +4% |
| Home Maintenance | $104 | $100 | +4% |
| Total Monthly | $1,202 | $1,209 | -1% |
How We Calculated the Salary
Monthly expenses:$1,202
Target savings (5%):$68/mo
Monthly after-tax needed:$1,270
Effective tax rate:27%
Gross annual salary needed:$21,212
Other Household Types in Boise
Related Pages
FAQ
What salary does a retiree need in Boise?
A retiree needs approximately $21,212/year ($1,768/month gross) to live comfortably in Boise with a 5% savings rate.
How much is rent for a retiree in Boise?
A 1-2br senior-friendly in Boise costs approximately $142/month, which is the largest single expense at 12% of the total budget.
Is Boise affordable for a retiree?
Boise is roughly average for retiree costs, requiring a salary close to the national median.