Salary Needed to Live in Bismarck as a Retiree
A retired individual (65+) needs approximately $20,052/year to live comfortably in Bismarck, ND — including 5% savings.
Comfortable Salary
$20,052
with 5% savings
Bare Minimum
$18,697
no savings buffer
Monthly Expenses
$1,153
4% below national avg
Detailed Monthly Budget for a Retiree in Bismarck
| Expense | Bismarck | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $131 | $121 | +8% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $13 | $18 | -28% |
| 🛡️ Car Insurance | $204 | $211 | -3% |
| 🏥 Health Insurance | $50 | $53 | -6% |
| Medicare Supplement | $188 | $200 | -6% |
| Prescription Drugs | $141 | $150 | -6% |
| Internet + Phone | $113 | $120 | -6% |
| Recreation & Social | $188 | $200 | -6% |
| Home Maintenance | $94 | $100 | -6% |
| Total Monthly | $1,153 | $1,204 | -4% |
How We Calculated the Salary
Monthly expenses:$1,153
Target savings (5%):$65/mo
Monthly after-tax needed:$1,218
Effective tax rate:26%
Gross annual salary needed:$20,052
Other Household Types in Bismarck
Related Pages
FAQ
What salary does a retiree need in Bismarck?
A retiree needs approximately $20,052/year ($1,671/month gross) to live comfortably in Bismarck with a 5% savings rate.
How much is rent for a retiree in Bismarck?
A 1-2br senior-friendly in Bismarck costs approximately $131/month, which is the largest single expense at 11% of the total budget.
Is Bismarck affordable for a retiree?
Bismarck is roughly average for retiree costs, requiring a salary close to the national median.