Salary Needed to Live in Decatur as a Retiree
A retired individual (65+) needs approximately $16,817/year to live comfortably in Decatur, IL — including 5% savings.
Comfortable Salary
$16,817
with 5% savings
Bare Minimum
$15,681
no savings buffer
Monthly Expenses
$967
20% below national avg
Detailed Monthly Budget for a Retiree in Decatur
| Expense | Decatur | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $108 | $121 | -11% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $11 | $18 | -39% |
| 🛡️ Car Insurance | $175 | $211 | -17% |
| 🏥 Health Insurance | $46 | $53 | -13% |
| Medicare Supplement | $156 | $200 | -22% |
| Prescription Drugs | $117 | $150 | -22% |
| Internet + Phone | $94 | $120 | -22% |
| Recreation & Social | $156 | $200 | -22% |
| Home Maintenance | $78 | $100 | -22% |
| Total Monthly | $967 | $1,204 | -20% |
How We Calculated the Salary
Monthly expenses:$967
Target savings (5%):$55/mo
Monthly after-tax needed:$1,022
Effective tax rate:26%
Gross annual salary needed:$16,817
Other Household Types in Decatur
Related Pages
FAQ
What salary does a retiree need in Decatur?
A retiree needs approximately $16,817/year ($1,401/month gross) to live comfortably in Decatur with a 5% savings rate.
How much is rent for a retiree in Decatur?
A 1-2br senior-friendly in Decatur costs approximately $108/month, which is the largest single expense at 11% of the total budget.
Is Decatur affordable for a retiree?
Yes, Decatur is 20% more affordable than the national average for a retiree.