Salary Needed to Live in Washington as a Retiree
A retired individual (65+) needs approximately $31,325/year to live comfortably in Washington, DC — including 5% savings.
Comfortable Salary
$31,325
with 5% savings
Bare Minimum
$29,150
no savings buffer
Monthly Expenses
$1,749
43% above national avg
Detailed Monthly Budget for a Retiree in Washington
| Expense | Washington | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $189 | $121 | +56% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $21 | $15 | +40% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $258 | $229 | +13% |
| 🏥 Health Insurance | $65 | $58 | +12% |
| Medicare Supplement | $304 | $200 | +52% |
| Prescription Drugs | $228 | $150 | +52% |
| Internet + Phone | $182 | $120 | +52% |
| Recreation & Social | $304 | $200 | +52% |
| Home Maintenance | $152 | $100 | +52% |
| Total Monthly | $1,749 | $1,227 | +43% |
How We Calculated the Salary
Monthly expenses:$1,749
Target savings (5%):$99/mo
Monthly after-tax needed:$1,848
Effective tax rate:28%
Gross annual salary needed:$31,325
Other Household Types in Washington
Related Pages
FAQ
What salary does a retiree need in Washington?
A retiree needs approximately $31,325/year ($2,610/month gross) to live comfortably in Washington with a 5% savings rate.
How much is rent for a retiree in Washington?
A 1-2br senior-friendly in Washington costs approximately $189/month, which is the largest single expense at 11% of the total budget.
Is Washington affordable for a retiree?
Washington is above the national average for retiree living costs, requiring 43% more salary than the US median.