Salary Needed to Live in Erie as a Retiree
A retired individual (65+) needs approximately $17,624/year to live comfortably in Erie, PA — including 5% savings.
Comfortable Salary
$17,624
with 5% savings
Bare Minimum
$16,400
no savings buffer
Monthly Expenses
$984
20% below national avg
Detailed Monthly Budget for a Retiree in Erie
| Expense | Erie | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $85 | $121 | -30% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $10 | $18 | -44% |
| 🛡️ Car Insurance | $182 | $229 | -21% |
| 🏥 Health Insurance | $49 | $58 | -16% |
| Medicare Supplement | $164 | $200 | -18% |
| Prescription Drugs | $123 | $150 | -18% |
| Internet + Phone | $98 | $120 | -18% |
| Recreation & Social | $164 | $200 | -18% |
| Home Maintenance | $82 | $100 | -18% |
| Total Monthly | $984 | $1,227 | -20% |
How We Calculated the Salary
Monthly expenses:$984
Target savings (5%):$56/mo
Monthly after-tax needed:$1,040
Effective tax rate:28%
Gross annual salary needed:$17,624
Other Household Types in Erie
Related Pages
FAQ
What salary does a retiree need in Erie?
A retiree needs approximately $17,624/year ($1,469/month gross) to live comfortably in Erie with a 5% savings rate.
How much is rent for a retiree in Erie?
A 1-2br senior-friendly in Erie costs approximately $85/month, which is the largest single expense at 9% of the total budget.
Is Erie affordable for a retiree?
Yes, Erie is 20% more affordable than the national average for a retiree.