Salary Needed to Live in Cedar Rapids as a Retiree
A retired individual (65+) needs approximately $18,591/year to live comfortably in Cedar Rapids, IA — including 5% savings.
Comfortable Salary
$18,591
with 5% savings
Bare Minimum
$17,335
no savings buffer
Monthly Expenses
$1,069
11% below national avg
Detailed Monthly Budget for a Retiree in Cedar Rapids
| Expense | Cedar Rapids | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $88 | $121 | -27% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $13 | $18 | -28% |
| 🛡️ Car Insurance | $199 | $211 | -6% |
| 🏥 Health Insurance | $55 | $53 | +4% |
| Medicare Supplement | $176 | $200 | -12% |
| Prescription Drugs | $132 | $150 | -12% |
| Internet + Phone | $106 | $120 | -12% |
| Recreation & Social | $176 | $200 | -12% |
| Home Maintenance | $88 | $100 | -12% |
| Total Monthly | $1,069 | $1,204 | -11% |
How We Calculated the Salary
Monthly expenses:$1,069
Target savings (5%):$60/mo
Monthly after-tax needed:$1,129
Effective tax rate:26%
Gross annual salary needed:$18,591
Other Household Types in Cedar Rapids
Related Pages
FAQ
What salary does a retiree need in Cedar Rapids?
A retiree needs approximately $18,591/year ($1,549/month gross) to live comfortably in Cedar Rapids with a 5% savings rate.
How much is rent for a retiree in Cedar Rapids?
A 1-2br senior-friendly in Cedar Rapids costs approximately $88/month, which is the largest single expense at 8% of the total budget.
Is Cedar Rapids affordable for a retiree?
Yes, Cedar Rapids is 11% more affordable than the national average for a retiree.