Salary Needed to Live in Buffalo as a Retiree
A retired individual (65+) needs approximately $19,576/year to live comfortably in Buffalo, NY — including 5% savings.
Comfortable Salary
$19,576
with 5% savings
Bare Minimum
$18,217
no savings buffer
Monthly Expenses
$1,093
11% below national avg
Detailed Monthly Budget for a Retiree in Buffalo
| Expense | Buffalo | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $133 | $121 | +10% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $179 | $229 | -22% |
| 🏥 Health Insurance | $49 | $58 | -16% |
| Medicare Supplement | $178 | $200 | -11% |
| Prescription Drugs | $134 | $150 | -11% |
| Internet + Phone | $107 | $120 | -11% |
| Recreation & Social | $178 | $200 | -11% |
| Home Maintenance | $89 | $100 | -11% |
| Total Monthly | $1,093 | $1,227 | -11% |
How We Calculated the Salary
Monthly expenses:$1,093
Target savings (5%):$62/mo
Monthly after-tax needed:$1,155
Effective tax rate:28%
Gross annual salary needed:$19,576
Other Household Types in Buffalo
Related Pages
FAQ
What salary does a retiree need in Buffalo?
A retiree needs approximately $19,576/year ($1,631/month gross) to live comfortably in Buffalo with a 5% savings rate.
How much is rent for a retiree in Buffalo?
A 1-2br senior-friendly in Buffalo costs approximately $133/month, which is the largest single expense at 12% of the total budget.
Is Buffalo affordable for a retiree?
Yes, Buffalo is 11% more affordable than the national average for a retiree.