Salary Needed to Live in Billings as a Retiree
A retired individual (65+) needs approximately $19,200/year to live comfortably in Billings, MT — including 5% savings.
Comfortable Salary
$19,200
with 5% savings
Bare Minimum
$17,885
no savings buffer
Monthly Expenses
$1,088
10% below national avg
Detailed Monthly Budget for a Retiree in Billings
| Expense | Billings | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $113 | $121 | -7% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $132 | $215 | -39% |
| 🏥 Health Insurance | $56 | $54 | +4% |
| Medicare Supplement | $192 | $200 | -4% |
| Prescription Drugs | $144 | $150 | -4% |
| Internet + Phone | $115 | $120 | -4% |
| Recreation & Social | $192 | $200 | -4% |
| Home Maintenance | $96 | $100 | -4% |
| Total Monthly | $1,088 | $1,209 | -10% |
How We Calculated the Salary
Monthly expenses:$1,088
Target savings (5%):$61/mo
Monthly after-tax needed:$1,149
Effective tax rate:27%
Gross annual salary needed:$19,200
Other Household Types in Billings
Related Pages
FAQ
What salary does a retiree need in Billings?
A retiree needs approximately $19,200/year ($1,600/month gross) to live comfortably in Billings with a 5% savings rate.
How much is rent for a retiree in Billings?
A 1-2br senior-friendly in Billings costs approximately $113/month, which is the largest single expense at 10% of the total budget.
Is Billings affordable for a retiree?
Yes, Billings is 10% more affordable than the national average for a retiree.