Salary Needed to Live in Clearwater as a Retiree
A retired individual (65+) needs approximately $20,194/year to live comfortably in Clearwater, FL — including 5% savings.
Comfortable Salary
$20,194
with 5% savings
Bare Minimum
$18,848
no savings buffer
Monthly Expenses
$1,178
3% below national avg
Detailed Monthly Budget for a Retiree in Clearwater
| Expense | Clearwater | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $114 | $121 | -6% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $173 | $223 | -22% |
| 🏥 Health Insurance | $56 | $56 | 0% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $1,178 | $1,219 | -3% |
How We Calculated the Salary
Monthly expenses:$1,178
Target savings (5%):$66/mo
Monthly after-tax needed:$1,244
Effective tax rate:25%
Gross annual salary needed:$20,194
Other Household Types in Clearwater
Related Pages
FAQ
What salary does a retiree need in Clearwater?
A retiree needs approximately $20,194/year ($1,683/month gross) to live comfortably in Clearwater with a 5% savings rate.
How much is rent for a retiree in Clearwater?
A 1-2br senior-friendly in Clearwater costs approximately $114/month, which is the largest single expense at 10% of the total budget.
Is Clearwater affordable for a retiree?
Clearwater is roughly average for retiree costs, requiring a salary close to the national median.