Salary Needed to Live in Simi Valley as a Retiree
A retired individual (65+) needs approximately $29,100/year to live comfortably in Simi Valley, CA — including 5% savings.
Comfortable Salary
$29,100
with 5% savings
Bare Minimum
$27,107
no savings buffer
Monthly Expenses
$1,649
36% above national avg
Detailed Monthly Budget for a Retiree in Simi Valley
| Expense | Simi Valley | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $183 | $121 | +51% |
| 🛒 Groceries | $26 | $16 | +63% |
| ⚡ Utilities | $18 | $15 | +20% |
| 🚗 Transportation | $23 | $18 | +28% |
| 🛡️ Car Insurance | $192 | $215 | -11% |
| 🏥 Health Insurance | $67 | $54 | +24% |
| Medicare Supplement | $296 | $200 | +48% |
| Prescription Drugs | $222 | $150 | +48% |
| Internet + Phone | $178 | $120 | +48% |
| Recreation & Social | $296 | $200 | +48% |
| Home Maintenance | $148 | $100 | +48% |
| Total Monthly | $1,649 | $1,209 | +36% |
How We Calculated the Salary
Monthly expenses:$1,649
Target savings (5%):$93/mo
Monthly after-tax needed:$1,742
Effective tax rate:27%
Gross annual salary needed:$29,100
Other Household Types in Simi Valley
Related Pages
FAQ
What salary does a retiree need in Simi Valley?
A retiree needs approximately $29,100/year ($2,425/month gross) to live comfortably in Simi Valley with a 5% savings rate.
How much is rent for a retiree in Simi Valley?
A 1-2br senior-friendly in Simi Valley costs approximately $183/month, which is the largest single expense at 11% of the total budget.
Is Simi Valley affordable for a retiree?
Simi Valley is above the national average for retiree living costs, requiring 36% more salary than the US median.