Salary Needed to Live in Louisville as a Retiree
A retired individual (65+) needs approximately $18,583/year to live comfortably in Louisville, KY — including 5% savings.
Comfortable Salary
$18,583
with 5% savings
Bare Minimum
$17,344
no savings buffer
Monthly Expenses
$1,084
11% below national avg
Detailed Monthly Budget for a Retiree in Louisville
| Expense | Louisville | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $90 | $121 | -26% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $201 | $223 | -10% |
| 🏥 Health Insurance | $58 | $56 | +4% |
| Medicare Supplement | $178 | $200 | -11% |
| Prescription Drugs | $134 | $150 | -11% |
| Internet + Phone | $107 | $120 | -11% |
| Recreation & Social | $178 | $200 | -11% |
| Home Maintenance | $89 | $100 | -11% |
| Total Monthly | $1,084 | $1,219 | -11% |
How We Calculated the Salary
Monthly expenses:$1,084
Target savings (5%):$61/mo
Monthly after-tax needed:$1,145
Effective tax rate:25%
Gross annual salary needed:$18,583
Other Household Types in Louisville
Related Pages
FAQ
What salary does a retiree need in Louisville?
A retiree needs approximately $18,583/year ($1,549/month gross) to live comfortably in Louisville with a 5% savings rate.
How much is rent for a retiree in Louisville?
A 1-2br senior-friendly in Louisville costs approximately $90/month, which is the largest single expense at 8% of the total budget.
Is Louisville affordable for a retiree?
Yes, Louisville is 11% more affordable than the national average for a retiree.