Salary Needed to Live in Lansing as a Retiree
A retired individual (65+) needs approximately $17,704/year to live comfortably in Lansing, MI — including 5% savings.
Comfortable Salary
$17,704
with 5% savings
Bare Minimum
$16,508
no savings buffer
Monthly Expenses
$1,018
15% below national avg
Detailed Monthly Budget for a Retiree in Lansing
| Expense | Lansing | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $117 | $121 | -3% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $149 | $211 | -29% |
| 🏥 Health Insurance | $56 | $53 | +6% |
| Medicare Supplement | $168 | $200 | -16% |
| Prescription Drugs | $126 | $150 | -16% |
| Internet + Phone | $101 | $120 | -16% |
| Recreation & Social | $168 | $200 | -16% |
| Home Maintenance | $84 | $100 | -16% |
| Total Monthly | $1,018 | $1,204 | -15% |
How We Calculated the Salary
Monthly expenses:$1,018
Target savings (5%):$57/mo
Monthly after-tax needed:$1,075
Effective tax rate:26%
Gross annual salary needed:$17,704
Other Household Types in Lansing
Related Pages
FAQ
What salary does a retiree need in Lansing?
A retiree needs approximately $17,704/year ($1,475/month gross) to live comfortably in Lansing with a 5% savings rate.
How much is rent for a retiree in Lansing?
A 1-2br senior-friendly in Lansing costs approximately $117/month, which is the largest single expense at 11% of the total budget.
Is Lansing affordable for a retiree?
Yes, Lansing is 15% more affordable than the national average for a retiree.