Salary Needed to Live in Scranton as a Retiree
A retired individual (65+) needs approximately $19,039/year to live comfortably in Scranton, PA — including 5% savings.
Comfortable Salary
$19,039
with 5% savings
Bare Minimum
$17,717
no savings buffer
Monthly Expenses
$1,063
13% below national avg
Detailed Monthly Budget for a Retiree in Scranton
| Expense | Scranton | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $129 | $121 | +7% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $11 | $18 | -39% |
| 🛡️ Car Insurance | $174 | $229 | -24% |
| 🏥 Health Insurance | $55 | $58 | -5% |
| 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 | $1,063 | $1,227 | -13% |
How We Calculated the Salary
Monthly expenses:$1,063
Target savings (5%):$60/mo
Monthly after-tax needed:$1,123
Effective tax rate:28%
Gross annual salary needed:$19,039
Other Household Types in Scranton
Related Pages
FAQ
What salary does a retiree need in Scranton?
A retiree needs approximately $19,039/year ($1,587/month gross) to live comfortably in Scranton with a 5% savings rate.
How much is rent for a retiree in Scranton?
A 1-2br senior-friendly in Scranton costs approximately $129/month, which is the largest single expense at 12% of the total budget.
Is Scranton affordable for a retiree?
Yes, Scranton is 13% more affordable than the national average for a retiree.