Salary Needed to Live in Winston-Salem as a Retiree
A retired individual (65+) needs approximately $17,777/year to live comfortably in Winston-Salem, NC — including 5% savings.
Comfortable Salary
$17,777
with 5% savings
Bare Minimum
$16,592
no savings buffer
Monthly Expenses
$1,037
15% below national avg
Detailed Monthly Budget for a Retiree in Winston-Salem
| Expense | Winston-Salem | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $127 | $121 | +5% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $169 | $223 | -24% |
| 🏥 Health Insurance | $46 | $56 | -18% |
| Medicare Supplement | $170 | $200 | -15% |
| Prescription Drugs | $128 | $150 | -15% |
| Internet + Phone | $102 | $120 | -15% |
| Recreation & Social | $170 | $200 | -15% |
| Home Maintenance | $85 | $100 | -15% |
| Total Monthly | $1,037 | $1,219 | -15% |
How We Calculated the Salary
Monthly expenses:$1,037
Target savings (5%):$58/mo
Monthly after-tax needed:$1,095
Effective tax rate:25%
Gross annual salary needed:$17,777
Other Household Types in Winston-Salem
Related Pages
FAQ
What salary does a retiree need in Winston-Salem?
A retiree needs approximately $17,777/year ($1,481/month gross) to live comfortably in Winston-Salem with a 5% savings rate.
How much is rent for a retiree in Winston-Salem?
A 1-2br senior-friendly in Winston-Salem costs approximately $127/month, which is the largest single expense at 12% of the total budget.
Is Winston-Salem affordable for a retiree?
Yes, Winston-Salem is 15% more affordable than the national average for a retiree.