Salary Needed to Live in Pompano Beach as a Retiree
A retired individual (65+) needs approximately $21,069/year to live comfortably in Pompano Beach, FL — including 5% savings.
Comfortable Salary
$21,069
with 5% savings
Bare Minimum
$19,664
no savings buffer
Monthly Expenses
$1,229
1% above national avg
Detailed Monthly Budget for a Retiree in Pompano Beach
| Expense | Pompano Beach | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $130 | $121 | +7% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $18 | $15 | +20% |
| 🚗 Transportation | $22 | $18 | +22% |
| 🛡️ Car Insurance | $160 | $223 | -28% |
| 🏥 Health Insurance | $48 | $56 | -14% |
| Medicare Supplement | $216 | $200 | +8% |
| Prescription Drugs | $162 | $150 | +8% |
| Internet + Phone | $130 | $120 | +8% |
| Recreation & Social | $216 | $200 | +8% |
| Home Maintenance | $108 | $100 | +8% |
| Total Monthly | $1,229 | $1,219 | +1% |
How We Calculated the Salary
Monthly expenses:$1,229
Target savings (5%):$69/mo
Monthly after-tax needed:$1,298
Effective tax rate:25%
Gross annual salary needed:$21,069
Other Household Types in Pompano Beach
Related Pages
FAQ
What salary does a retiree need in Pompano Beach?
A retiree needs approximately $21,069/year ($1,756/month gross) to live comfortably in Pompano Beach with a 5% savings rate.
How much is rent for a retiree in Pompano Beach?
A 1-2br senior-friendly in Pompano Beach costs approximately $130/month, which is the largest single expense at 11% of the total budget.
Is Pompano Beach affordable for a retiree?
Pompano Beach is roughly average for retiree costs, requiring a salary close to the national median.