Salary Needed to Live in Denver as a Retiree

A retired individual (65+) needs approximately $25,482/year to live comfortably in Denver, CO — including 5% savings.

Comfortable Salary
$25,482
with 5% savings
Bare Minimum
$23,737
no savings buffer
Monthly Expenses
$1,444
19% above national avg

Detailed Monthly Budget for a Retiree in Denver

ExpenseDenverNat'l AvgDiff
🏠 1-2BR Senior-Friendly Rent$154$121+27%
🛒 Groceries$26$16+63%
⚡ Utilities$15$150%
🚗 Transportation$20$18+11%
🛡️ Car Insurance$190$215-12%
🏥 Health Insurance$53$54-2%
Medicare Supplement$256$200+28%
Prescription Drugs$192$150+28%
Internet + Phone$154$120+28%
Recreation & Social$256$200+28%
Home Maintenance$128$100+28%
Total Monthly$1,444$1,209+19%

How We Calculated the Salary

Monthly expenses:$1,444
Target savings (5%):$82/mo
Monthly after-tax needed:$1,526
Effective tax rate:27%

Gross annual salary needed:$25,482

Other Household Types in Denver

Single Person
$24,495/yr
$1,286/mo expenses
Couple (No Kids)
$34,525/yr
$1,755/mo expenses
Family with Kids
$75,372/yr
$3,643/mo expenses

Related Pages

Living Alone in DenverCity OverviewAfford on $75K?Afford on $100K?Cheaper AlternativesCost of Living

FAQ

What salary does a retiree need in Denver?
A retiree needs approximately $25,482/year ($2,124/month gross) to live comfortably in Denver with a 5% savings rate.
How much is rent for a retiree in Denver?
A 1-2br senior-friendly in Denver costs approximately $154/month, which is the largest single expense at 11% of the total budget.
Is Denver affordable for a retiree?
Denver is above the national average for retiree living costs, requiring 19% more salary than the US median.
← Back to Denver