Salary Needed to Live in Phoenix as a Retiree
A retired individual (65+) needs approximately $21,053/year to live comfortably in Phoenix, AZ — including 5% savings.
Comfortable Salary
$21,053
with 5% savings
Bare Minimum
$19,611
no savings buffer
Monthly Expenses
$1,193
1% below national avg
Detailed Monthly Budget for a Retiree in Phoenix
| Expense | Phoenix | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $105 | $121 | -13% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $193 | $215 | -10% |
| 🏥 Health Insurance | $49 | $54 | -9% |
| Medicare Supplement | $206 | $200 | +3% |
| Prescription Drugs | $155 | $150 | +3% |
| Internet + Phone | $124 | $120 | +3% |
| Recreation & Social | $206 | $200 | +3% |
| Home Maintenance | $103 | $100 | +3% |
| Total Monthly | $1,193 | $1,209 | -1% |
How We Calculated the Salary
Monthly expenses:$1,193
Target savings (5%):$67/mo
Monthly after-tax needed:$1,260
Effective tax rate:27%
Gross annual salary needed:$21,053
Other Household Types in Phoenix
Related Pages
FAQ
What salary does a retiree need in Phoenix?
A retiree needs approximately $21,053/year ($1,754/month gross) to live comfortably in Phoenix with a 5% savings rate.
How much is rent for a retiree in Phoenix?
A 1-2br senior-friendly in Phoenix costs approximately $105/month, which is the largest single expense at 9% of the total budget.
Is Phoenix affordable for a retiree?
Phoenix is roughly average for retiree costs, requiring a salary close to the national median.