Salary Needed to Live in Janesville as a Retiree
A retired individual (65+) needs approximately $17,843/year to live comfortably in Janesville, WI — including 5% savings.
Comfortable Salary
$17,843
with 5% savings
Bare Minimum
$16,638
no savings buffer
Monthly Expenses
$1,026
15% below national avg
Detailed Monthly Budget for a Retiree in Janesville
| Expense | Janesville | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $90 | $121 | -26% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $185 | $211 | -12% |
| 🏥 Health Insurance | $39 | $53 | -26% |
| Medicare Supplement | $172 | $200 | -14% |
| Prescription Drugs | $129 | $150 | -14% |
| Internet + Phone | $103 | $120 | -14% |
| Recreation & Social | $172 | $200 | -14% |
| Home Maintenance | $86 | $100 | -14% |
| Total Monthly | $1,026 | $1,204 | -15% |
How We Calculated the Salary
Monthly expenses:$1,026
Target savings (5%):$58/mo
Monthly after-tax needed:$1,084
Effective tax rate:26%
Gross annual salary needed:$17,843
Other Household Types in Janesville
Related Pages
FAQ
What salary does a retiree need in Janesville?
A retiree needs approximately $17,843/year ($1,487/month gross) to live comfortably in Janesville with a 5% savings rate.
How much is rent for a retiree in Janesville?
A 1-2br senior-friendly in Janesville costs approximately $90/month, which is the largest single expense at 9% of the total budget.
Is Janesville affordable for a retiree?
Yes, Janesville is 15% more affordable than the national average for a retiree.