Salary Needed to Live in Bloomington as a Retiree
A retired individual (65+) needs approximately $18,835/year to live comfortably in Bloomington, IL — including 5% savings.
Comfortable Salary
$18,835
with 5% savings
Bare Minimum
$17,562
no savings buffer
Monthly Expenses
$1,083
10% below national avg
Detailed Monthly Budget for a Retiree in Bloomington
| Expense | Bloomington | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $121 | $121 | 0% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $176 | $211 | -17% |
| 🏥 Health Insurance | $44 | $53 | -17% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,083 | $1,204 | -10% |
How We Calculated the Salary
Monthly expenses:$1,083
Target savings (5%):$61/mo
Monthly after-tax needed:$1,144
Effective tax rate:26%
Gross annual salary needed:$18,835
Other Household Types in Bloomington
Related Pages
FAQ
What salary does a retiree need in Bloomington?
A retiree needs approximately $18,835/year ($1,570/month gross) to live comfortably in Bloomington with a 5% savings rate.
How much is rent for a retiree in Bloomington?
A 1-2br senior-friendly in Bloomington costs approximately $121/month, which is the largest single expense at 11% of the total budget.
Is Bloomington affordable for a retiree?
Yes, Bloomington is 10% more affordable than the national average for a retiree.