Salary Needed to Live in Abilene as a Retiree
A retired individual (65+) needs approximately $16,800/year to live comfortably in Abilene, TX — including 5% savings.
Comfortable Salary
$16,800
with 5% savings
Bare Minimum
$15,680
no savings buffer
Monthly Expenses
$980
20% below national avg
Detailed Monthly Budget for a Retiree in Abilene
| Expense | Abilene | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $107 | $121 | -12% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $139 | $223 | -38% |
| 🏥 Health Insurance | $57 | $56 | +2% |
| Medicare Supplement | $164 | $200 | -18% |
| Prescription Drugs | $123 | $150 | -18% |
| Internet + Phone | $98 | $120 | -18% |
| Recreation & Social | $164 | $200 | -18% |
| Home Maintenance | $82 | $100 | -18% |
| Total Monthly | $980 | $1,219 | -20% |
How We Calculated the Salary
Monthly expenses:$980
Target savings (5%):$55/mo
Monthly after-tax needed:$1,035
Effective tax rate:25%
Gross annual salary needed:$16,800
Other Household Types in Abilene
Related Pages
FAQ
What salary does a retiree need in Abilene?
A retiree needs approximately $16,800/year ($1,400/month gross) to live comfortably in Abilene with a 5% savings rate.
How much is rent for a retiree in Abilene?
A 1-2br senior-friendly in Abilene costs approximately $107/month, which is the largest single expense at 11% of the total budget.
Is Abilene affordable for a retiree?
Yes, Abilene is 20% more affordable than the national average for a retiree.