Salary Needed to Live in Great Falls as a Retiree
A retired individual (65+) needs approximately $18,265/year to live comfortably in Great Falls, MT — including 5% savings.
Comfortable Salary
$18,265
with 5% savings
Bare Minimum
$17,014
no savings buffer
Monthly Expenses
$1,035
14% below national avg
Detailed Monthly Budget for a Retiree in Great Falls
| Expense | Great Falls | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $98 | $121 | -19% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $176 | $215 | -18% |
| 🏥 Health Insurance | $38 | $54 | -30% |
| Medicare Supplement | $176 | $200 | -12% |
| Prescription Drugs | $132 | $150 | -12% |
| Internet + Phone | $106 | $120 | -12% |
| Recreation & Social | $176 | $200 | -12% |
| Home Maintenance | $88 | $100 | -12% |
| Total Monthly | $1,035 | $1,209 | -14% |
How We Calculated the Salary
Monthly expenses:$1,035
Target savings (5%):$58/mo
Monthly after-tax needed:$1,093
Effective tax rate:27%
Gross annual salary needed:$18,265
Other Household Types in Great Falls
Related Pages
FAQ
What salary does a retiree need in Great Falls?
A retiree needs approximately $18,265/year ($1,522/month gross) to live comfortably in Great Falls with a 5% savings rate.
How much is rent for a retiree in Great Falls?
A 1-2br senior-friendly in Great Falls costs approximately $98/month, which is the largest single expense at 9% of the total budget.
Is Great Falls affordable for a retiree?
Yes, Great Falls is 14% more affordable than the national average for a retiree.