Salary Needed to Live in Meridian as a Retiree
A retired individual (65+) needs approximately $21,141/year to live comfortably in Meridian, ID — including 5% savings.
Comfortable Salary
$21,141
with 5% savings
Bare Minimum
$19,693
no savings buffer
Monthly Expenses
$1,198
1% below national avg
Detailed Monthly Budget for a Retiree in Meridian
| Expense | Meridian | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $115 | $121 | -5% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $202 | $215 | -6% |
| 🏥 Health Insurance | $49 | $54 | -9% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $1,198 | $1,209 | -1% |
How We Calculated the Salary
Monthly expenses:$1,198
Target savings (5%):$68/mo
Monthly after-tax needed:$1,266
Effective tax rate:27%
Gross annual salary needed:$21,141
Other Household Types in Meridian
Related Pages
FAQ
What salary does a retiree need in Meridian?
A retiree needs approximately $21,141/year ($1,762/month gross) to live comfortably in Meridian with a 5% savings rate.
How much is rent for a retiree in Meridian?
A 1-2br senior-friendly in Meridian costs approximately $115/month, which is the largest single expense at 10% of the total budget.
Is Meridian affordable for a retiree?
Meridian is roughly average for retiree costs, requiring a salary close to the national median.