Salary Needed to Live in Cranston as a Retiree
A retired individual (65+) needs approximately $21,439/year to live comfortably in Cranston, RI — including 5% savings.
Comfortable Salary
$21,439
with 5% savings
Bare Minimum
$19,950
no savings buffer
Monthly Expenses
$1,197
2% below national avg
Detailed Monthly Budget for a Retiree in Cranston
| Expense | Cranston | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $105 | $121 | -13% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $171 | $229 | -25% |
| 🏥 Health Insurance | $53 | $58 | -9% |
| Medicare Supplement | $212 | $200 | +6% |
| Prescription Drugs | $159 | $150 | +6% |
| Internet + Phone | $127 | $120 | +6% |
| Recreation & Social | $212 | $200 | +6% |
| Home Maintenance | $106 | $100 | +6% |
| Total Monthly | $1,197 | $1,227 | -2% |
How We Calculated the Salary
Monthly expenses:$1,197
Target savings (5%):$68/mo
Monthly after-tax needed:$1,265
Effective tax rate:28%
Gross annual salary needed:$21,439
Other Household Types in Cranston
Related Pages
FAQ
What salary does a retiree need in Cranston?
A retiree needs approximately $21,439/year ($1,787/month gross) to live comfortably in Cranston with a 5% savings rate.
How much is rent for a retiree in Cranston?
A 1-2br senior-friendly in Cranston costs approximately $105/month, which is the largest single expense at 9% of the total budget.
Is Cranston affordable for a retiree?
Cranston is roughly average for retiree costs, requiring a salary close to the national median.