Salary Needed to Live in Los Angeles as a Retiree
A retired individual (65+) needs approximately $32,576/year to live comfortably in Los Angeles, CA — including 5% savings.
Comfortable Salary
$32,576
with 5% savings
Bare Minimum
$30,345
no savings buffer
Monthly Expenses
$1,846
53% above national avg
Detailed Monthly Budget for a Retiree in Los Angeles
| Expense | Los Angeles | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $235 | $121 | +94% |
| 🛒 Groceries | $31 | $16 | +94% |
| ⚡ Utilities | $19 | $15 | +27% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $196 | $215 | -9% |
| 🏥 Health Insurance | $62 | $54 | +15% |
| Medicare Supplement | $332 | $200 | +66% |
| Prescription Drugs | $249 | $150 | +66% |
| Internet + Phone | $199 | $120 | +66% |
| Recreation & Social | $332 | $200 | +66% |
| Home Maintenance | $166 | $100 | +66% |
| Total Monthly | $1,846 | $1,209 | +53% |
How We Calculated the Salary
Monthly expenses:$1,846
Target savings (5%):$104/mo
Monthly after-tax needed:$1,950
Effective tax rate:27%
Gross annual salary needed:$32,576
Other Household Types in Los Angeles
Related Pages
FAQ
What salary does a retiree need in Los Angeles?
A retiree needs approximately $32,576/year ($2,715/month gross) to live comfortably in Los Angeles with a 5% savings rate.
How much is rent for a retiree in Los Angeles?
A 1-2br senior-friendly in Los Angeles costs approximately $235/month, which is the largest single expense at 13% of the total budget.
Is Los Angeles affordable for a retiree?
Los Angeles is above the national average for retiree living costs, requiring 53% more salary than the US median.