Salary Needed to Live in Joliet as a Retiree
A retired individual (65+) needs approximately $19,113/year to live comfortably in Joliet, IL — including 5% savings.
Comfortable Salary
$19,113
with 5% savings
Bare Minimum
$17,822
no savings buffer
Monthly Expenses
$1,099
9% below national avg
Detailed Monthly Budget for a Retiree in Joliet
| Expense | Joliet | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $92 | $121 | -24% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $168 | $211 | -20% |
| 🏥 Health Insurance | $51 | $53 | -4% |
| Medicare Supplement | $192 | $200 | -4% |
| Prescription Drugs | $144 | $150 | -4% |
| Internet + Phone | $115 | $120 | -4% |
| Recreation & Social | $192 | $200 | -4% |
| Home Maintenance | $96 | $100 | -4% |
| Total Monthly | $1,099 | $1,204 | -9% |
How We Calculated the Salary
Monthly expenses:$1,099
Target savings (5%):$62/mo
Monthly after-tax needed:$1,161
Effective tax rate:26%
Gross annual salary needed:$19,113
Other Household Types in Joliet
Related Pages
FAQ
What salary does a retiree need in Joliet?
A retiree needs approximately $19,113/year ($1,593/month gross) to live comfortably in Joliet with a 5% savings rate.
How much is rent for a retiree in Joliet?
A 1-2br senior-friendly in Joliet costs approximately $92/month, which is the largest single expense at 8% of the total budget.
Is Joliet affordable for a retiree?
Yes, Joliet is 9% more affordable than the national average for a retiree.