Salary Needed to Live in Portsmouth as a Retiree
A retired individual (65+) needs approximately $26,704/year to live comfortably in Portsmouth, NH — including 5% savings.
Comfortable Salary
$26,704
with 5% savings
Bare Minimum
$24,850
no savings buffer
Monthly Expenses
$1,491
22% above national avg
Detailed Monthly Budget for a Retiree in Portsmouth
| Expense | Portsmouth | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $160 | $121 | +32% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $24 | $18 | +33% |
| 🛡️ Car Insurance | $218 | $229 | -5% |
| 🏥 Health Insurance | $66 | $58 | +14% |
| Medicare Supplement | $256 | $200 | +28% |
| Prescription Drugs | $192 | $150 | +28% |
| Internet + Phone | $154 | $120 | +28% |
| Recreation & Social | $256 | $200 | +28% |
| Home Maintenance | $128 | $100 | +28% |
| Total Monthly | $1,491 | $1,227 | +22% |
How We Calculated the Salary
Monthly expenses:$1,491
Target savings (5%):$84/mo
Monthly after-tax needed:$1,575
Effective tax rate:28%
Gross annual salary needed:$26,704
Other Household Types in Portsmouth
Related Pages
FAQ
What salary does a retiree need in Portsmouth?
A retiree needs approximately $26,704/year ($2,225/month gross) to live comfortably in Portsmouth with a 5% savings rate.
How much is rent for a retiree in Portsmouth?
A 1-2br senior-friendly in Portsmouth costs approximately $160/month, which is the largest single expense at 11% of the total budget.
Is Portsmouth affordable for a retiree?
Portsmouth is above the national average for retiree living costs, requiring 22% more salary than the US median.