Salary Needed to Live in Tyler as a Retiree
A retired individual (65+) needs approximately $17,400/year to live comfortably in Tyler, TX — including 5% savings.
Comfortable Salary
$17,400
with 5% savings
Bare Minimum
$16,240
no savings buffer
Monthly Expenses
$1,015
17% below national avg
Detailed Monthly Budget for a Retiree in Tyler
| Expense | Tyler | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $115 | $121 | -5% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $8 | $15 | -47% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $164 | $223 | -26% |
| 🏥 Health Insurance | $48 | $56 | -14% |
| Medicare Supplement | $168 | $200 | -16% |
| Prescription Drugs | $126 | $150 | -16% |
| Internet + Phone | $101 | $120 | -16% |
| Recreation & Social | $168 | $200 | -16% |
| Home Maintenance | $84 | $100 | -16% |
| Total Monthly | $1,015 | $1,219 | -17% |
How We Calculated the Salary
Monthly expenses:$1,015
Target savings (5%):$57/mo
Monthly after-tax needed:$1,072
Effective tax rate:25%
Gross annual salary needed:$17,400
Other Household Types in Tyler
Related Pages
FAQ
What salary does a retiree need in Tyler?
A retiree needs approximately $17,400/year ($1,450/month gross) to live comfortably in Tyler with a 5% savings rate.
How much is rent for a retiree in Tyler?
A 1-2br senior-friendly in Tyler costs approximately $115/month, which is the largest single expense at 11% of the total budget.
Is Tyler affordable for a retiree?
Yes, Tyler is 17% more affordable than the national average for a retiree.