Salary Needed to Live in Durango as a Retiree
A retired individual (65+) needs approximately $24,176/year to live comfortably in Durango, CO — including 5% savings.
Comfortable Salary
$24,176
with 5% savings
Bare Minimum
$22,521
no savings buffer
Monthly Expenses
$1,370
13% above national avg
Detailed Monthly Budget for a Retiree in Durango
| Expense | Durango | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $135 | $121 | +12% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $21 | $18 | +17% |
| 🛡️ Car Insurance | $217 | $215 | +1% |
| 🏥 Health Insurance | $55 | $54 | +2% |
| Medicare Supplement | $236 | $200 | +18% |
| Prescription Drugs | $177 | $150 | +18% |
| Internet + Phone | $142 | $120 | +18% |
| Recreation & Social | $236 | $200 | +18% |
| Home Maintenance | $118 | $100 | +18% |
| Total Monthly | $1,370 | $1,209 | +13% |
How We Calculated the Salary
Monthly expenses:$1,370
Target savings (5%):$77/mo
Monthly after-tax needed:$1,447
Effective tax rate:27%
Gross annual salary needed:$24,176
Other Household Types in Durango
Related Pages
FAQ
What salary does a retiree need in Durango?
A retiree needs approximately $24,176/year ($2,015/month gross) to live comfortably in Durango with a 5% savings rate.
How much is rent for a retiree in Durango?
A 1-2br senior-friendly in Durango costs approximately $135/month, which is the largest single expense at 10% of the total budget.
Is Durango affordable for a retiree?
Durango is above the national average for retiree living costs, requiring 13% more salary than the US median.