Salary Needed to Live in Virginia Beach as a Retiree
A retired individual (65+) needs approximately $21,771/year to live comfortably in Virginia Beach, VA — including 5% savings.
Comfortable Salary
$21,771
with 5% savings
Bare Minimum
$20,320
no savings buffer
Monthly Expenses
$1,270
4% above national avg
Detailed Monthly Budget for a Retiree in Virginia Beach
| Expense | Virginia Beach | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $124 | $121 | +2% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $17 | $15 | +13% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $231 | $223 | +4% |
| 🏥 Health Insurance | $47 | $56 | -16% |
| Medicare Supplement | $210 | $200 | +5% |
| Prescription Drugs | $158 | $150 | +5% |
| Internet + Phone | $126 | $120 | +5% |
| Recreation & Social | $210 | $200 | +5% |
| Home Maintenance | $105 | $100 | +5% |
| Total Monthly | $1,270 | $1,219 | +4% |
How We Calculated the Salary
Monthly expenses:$1,270
Target savings (5%):$72/mo
Monthly after-tax needed:$1,342
Effective tax rate:25%
Gross annual salary needed:$21,771
Other Household Types in Virginia Beach
Related Pages
FAQ
What salary does a retiree need in Virginia Beach?
A retiree needs approximately $21,771/year ($1,814/month gross) to live comfortably in Virginia Beach with a 5% savings rate.
How much is rent for a retiree in Virginia Beach?
A 1-2br senior-friendly in Virginia Beach costs approximately $124/month, which is the largest single expense at 10% of the total budget.
Is Virginia Beach affordable for a retiree?
Virginia Beach is roughly average for retiree costs, requiring a salary close to the national median.