Salary Needed to Live in Birmingham as a Retiree
A retired individual (65+) needs approximately $17,503/year to live comfortably in Birmingham, AL — including 5% savings.
Comfortable Salary
$17,503
with 5% savings
Bare Minimum
$16,336
no savings buffer
Monthly Expenses
$1,021
16% below national avg
Detailed Monthly Budget for a Retiree in Birmingham
| Expense | Birmingham | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $106 | $121 | -12% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $181 | $223 | -19% |
| 🏥 Health Insurance | $38 | $56 | -32% |
| 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 | $1,021 | $1,219 | -16% |
How We Calculated the Salary
Monthly expenses:$1,021
Target savings (5%):$58/mo
Monthly after-tax needed:$1,079
Effective tax rate:25%
Gross annual salary needed:$17,503
Other Household Types in Birmingham
Related Pages
FAQ
What salary does a retiree need in Birmingham?
A retiree needs approximately $17,503/year ($1,459/month gross) to live comfortably in Birmingham with a 5% savings rate.
How much is rent for a retiree in Birmingham?
A 1-2br senior-friendly in Birmingham costs approximately $106/month, which is the largest single expense at 10% of the total budget.
Is Birmingham affordable for a retiree?
Yes, Birmingham is 16% more affordable than the national average for a retiree.