Salary Needed to Live in Dallas as a Retiree
A retired individual (65+) needs approximately $20,589/year to live comfortably in Dallas, TX — including 5% savings.
Comfortable Salary
$20,589
with 5% savings
Bare Minimum
$19,216
no savings buffer
Monthly Expenses
$1,201
1% below national avg
Detailed Monthly Budget for a Retiree in Dallas
| Expense | Dallas | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $101 | $121 | -17% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $223 | $223 | 0% |
| 🏥 Health Insurance | $56 | $56 | 0% |
| Medicare Supplement | $202 | $200 | +1% |
| Prescription Drugs | $152 | $150 | +1% |
| Internet + Phone | $121 | $120 | +1% |
| Recreation & Social | $202 | $200 | +1% |
| Home Maintenance | $101 | $100 | +1% |
| Total Monthly | $1,201 | $1,219 | -1% |
How We Calculated the Salary
Monthly expenses:$1,201
Target savings (5%):$68/mo
Monthly after-tax needed:$1,269
Effective tax rate:25%
Gross annual salary needed:$20,589
Other Household Types in Dallas
Related Pages
FAQ
What salary does a retiree need in Dallas?
A retiree needs approximately $20,589/year ($1,716/month gross) to live comfortably in Dallas with a 5% savings rate.
How much is rent for a retiree in Dallas?
A 1-2br senior-friendly in Dallas costs approximately $101/month, which is the largest single expense at 8% of the total budget.
Is Dallas affordable for a retiree?
Dallas is roughly average for retiree costs, requiring a salary close to the national median.