Salary Needed to Live in Redding as a Retiree
A retired individual (65+) needs approximately $21,018/year to live comfortably in Redding, CA — including 5% savings.
Comfortable Salary
$21,018
with 5% savings
Bare Minimum
$19,578
no savings buffer
Monthly Expenses
$1,191
1% below national avg
Detailed Monthly Budget for a Retiree in Redding
| Expense | Redding | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $111 | $121 | -8% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $188 | $215 | -13% |
| 🏥 Health Insurance | $49 | $54 | -9% |
| Medicare Supplement | $208 | $200 | +4% |
| Prescription Drugs | $156 | $150 | +4% |
| Internet + Phone | $125 | $120 | +4% |
| Recreation & Social | $208 | $200 | +4% |
| Home Maintenance | $104 | $100 | +4% |
| Total Monthly | $1,191 | $1,209 | -1% |
How We Calculated the Salary
Monthly expenses:$1,191
Target savings (5%):$67/mo
Monthly after-tax needed:$1,258
Effective tax rate:27%
Gross annual salary needed:$21,018
Other Household Types in Redding
Related Pages
FAQ
What salary does a retiree need in Redding?
A retiree needs approximately $21,018/year ($1,752/month gross) to live comfortably in Redding with a 5% savings rate.
How much is rent for a retiree in Redding?
A 1-2br senior-friendly in Redding costs approximately $111/month, which is the largest single expense at 9% of the total budget.
Is Redding affordable for a retiree?
Redding is roughly average for retiree costs, requiring a salary close to the national median.