Salary Needed to Live in Reading as a Retiree
A retired individual (65+) needs approximately $17,785/year to live comfortably in Reading, PA — including 5% savings.
Comfortable Salary
$17,785
with 5% savings
Bare Minimum
$16,550
no savings buffer
Monthly Expenses
$993
19% below national avg
Detailed Monthly Budget for a Retiree in Reading
| Expense | Reading | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $99 | $121 | -18% |
| 🛒 Groceries | $14 | $16 | -12% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $141 | $229 | -38% |
| 🏥 Health Insurance | $51 | $58 | -12% |
| Medicare Supplement | $172 | $200 | -14% |
| Prescription Drugs | $129 | $150 | -14% |
| Internet + Phone | $103 | $120 | -14% |
| Recreation & Social | $172 | $200 | -14% |
| Home Maintenance | $86 | $100 | -14% |
| Total Monthly | $993 | $1,227 | -19% |
How We Calculated the Salary
Monthly expenses:$993
Target savings (5%):$56/mo
Monthly after-tax needed:$1,049
Effective tax rate:28%
Gross annual salary needed:$17,785
Other Household Types in Reading
Related Pages
FAQ
What salary does a retiree need in Reading?
A retiree needs approximately $17,785/year ($1,482/month gross) to live comfortably in Reading with a 5% savings rate.
How much is rent for a retiree in Reading?
A 1-2br senior-friendly in Reading costs approximately $99/month, which is the largest single expense at 10% of the total budget.
Is Reading affordable for a retiree?
Yes, Reading is 19% more affordable than the national average for a retiree.