Salary Needed to Live in Ann Arbor as a Retiree
A retired individual (65+) needs approximately $22,591/year to live comfortably in Ann Arbor, MI — including 5% savings.
Comfortable Salary
$22,591
with 5% savings
Bare Minimum
$21,065
no savings buffer
Monthly Expenses
$1,299
8% above national avg
Detailed Monthly Budget for a Retiree in Ann Arbor
| Expense | Ann Arbor | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $144 | $121 | +19% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $21 | $18 | +17% |
| 🛡️ Car Insurance | $179 | $211 | -15% |
| 🏥 Health Insurance | $56 | $53 | +6% |
| Medicare Supplement | $224 | $200 | +12% |
| Prescription Drugs | $168 | $150 | +12% |
| Internet + Phone | $134 | $120 | +12% |
| Recreation & Social | $224 | $200 | +12% |
| Home Maintenance | $112 | $100 | +12% |
| Total Monthly | $1,299 | $1,204 | +8% |
How We Calculated the Salary
Monthly expenses:$1,299
Target savings (5%):$73/mo
Monthly after-tax needed:$1,372
Effective tax rate:26%
Gross annual salary needed:$22,591
Other Household Types in Ann Arbor
Related Pages
FAQ
What salary does a retiree need in Ann Arbor?
A retiree needs approximately $22,591/year ($1,883/month gross) to live comfortably in Ann Arbor with a 5% savings rate.
How much is rent for a retiree in Ann Arbor?
A 1-2br senior-friendly in Ann Arbor costs approximately $144/month, which is the largest single expense at 11% of the total budget.
Is Ann Arbor affordable for a retiree?
Ann Arbor is roughly average for retiree costs, requiring a salary close to the national median.