Salary Needed to Live in Cary as a Retiree
A retired individual (65+) needs approximately $22,114/year to live comfortably in Cary, NC — including 5% savings.
Comfortable Salary
$22,114
with 5% savings
Bare Minimum
$20,640
no savings buffer
Monthly Expenses
$1,290
6% above national avg
Detailed Monthly Budget for a Retiree in Cary
| Expense | Cary | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $162 | $121 | +34% |
| 🛒 Groceries | $24 | $16 | +50% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $222 | $223 | 0% |
| 🏥 Health Insurance | $52 | $56 | -7% |
| Medicare Supplement | $208 | $200 | +4% |
| Prescription Drugs | $156 | $150 | +4% |
| Internet + Phone | $125 | $120 | +4% |
| Recreation & Social | $208 | $200 | +4% |
| Home Maintenance | $104 | $100 | +4% |
| Total Monthly | $1,290 | $1,219 | +6% |
How We Calculated the Salary
Monthly expenses:$1,290
Target savings (5%):$73/mo
Monthly after-tax needed:$1,363
Effective tax rate:25%
Gross annual salary needed:$22,114
Other Household Types in Cary
Related Pages
FAQ
What salary does a retiree need in Cary?
A retiree needs approximately $22,114/year ($1,843/month gross) to live comfortably in Cary with a 5% savings rate.
How much is rent for a retiree in Cary?
A 1-2br senior-friendly in Cary costs approximately $162/month, which is the largest single expense at 13% of the total budget.
Is Cary affordable for a retiree?
Cary is roughly average for retiree costs, requiring a salary close to the national median.