Salary Needed to Live in New Orleans as a Retiree
A retired individual (65+) needs approximately $19,303/year to live comfortably in New Orleans, LA — including 5% savings.
Comfortable Salary
$19,303
with 5% savings
Bare Minimum
$18,016
no savings buffer
Monthly Expenses
$1,126
8% below national avg
Detailed Monthly Budget for a Retiree in New Orleans
| Expense | New Orleans | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $94 | $121 | -22% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $195 | $223 | -13% |
| 🏥 Health Insurance | $41 | $56 | -27% |
| Medicare Supplement | $194 | $200 | -3% |
| Prescription Drugs | $146 | $150 | -3% |
| Internet + Phone | $116 | $120 | -3% |
| Recreation & Social | $194 | $200 | -3% |
| Home Maintenance | $97 | $100 | -3% |
| Total Monthly | $1,126 | $1,219 | -8% |
How We Calculated the Salary
Monthly expenses:$1,126
Target savings (5%):$63/mo
Monthly after-tax needed:$1,189
Effective tax rate:25%
Gross annual salary needed:$19,303
Other Household Types in New Orleans
Related Pages
FAQ
What salary does a retiree need in New Orleans?
A retiree needs approximately $19,303/year ($1,609/month gross) to live comfortably in New Orleans with a 5% savings rate.
How much is rent for a retiree in New Orleans?
A 1-2br senior-friendly in New Orleans costs approximately $94/month, which is the largest single expense at 8% of the total budget.
Is New Orleans affordable for a retiree?
Yes, New Orleans is 8% more affordable than the national average for a retiree.