Salary Needed to Live in Concord as a Retiree
A retired individual (65+) needs approximately $28,253/year to live comfortably in Concord, CA — including 5% savings.
Comfortable Salary
$28,253
with 5% savings
Bare Minimum
$26,318
no savings buffer
Monthly Expenses
$1,601
32% above national avg
Detailed Monthly Budget for a Retiree in Concord
| Expense | Concord | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $182 | $121 | +50% |
| 🛒 Groceries | $25 | $16 | +56% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $227 | $215 | +6% |
| 🏥 Health Insurance | $64 | $54 | +19% |
| Medicare Supplement | $276 | $200 | +38% |
| Prescription Drugs | $207 | $150 | +38% |
| Internet + Phone | $166 | $120 | +38% |
| Recreation & Social | $276 | $200 | +38% |
| Home Maintenance | $138 | $100 | +38% |
| Total Monthly | $1,601 | $1,209 | +32% |
How We Calculated the Salary
Monthly expenses:$1,601
Target savings (5%):$90/mo
Monthly after-tax needed:$1,691
Effective tax rate:27%
Gross annual salary needed:$28,253
Other Household Types in Concord
Related Pages
FAQ
What salary does a retiree need in Concord?
A retiree needs approximately $28,253/year ($2,354/month gross) to live comfortably in Concord with a 5% savings rate.
How much is rent for a retiree in Concord?
A 1-2br senior-friendly in Concord costs approximately $182/month, which is the largest single expense at 11% of the total budget.
Is Concord affordable for a retiree?
Concord is above the national average for retiree living costs, requiring 32% more salary than the US median.