Salary Needed to Live in North Charleston as a Retiree
A retired individual (65+) needs approximately $20,383/year to live comfortably in North Charleston, SC — including 5% savings.
Comfortable Salary
$20,383
with 5% savings
Bare Minimum
$19,024
no savings buffer
Monthly Expenses
$1,189
2% below national avg
Detailed Monthly Budget for a Retiree in North Charleston
| Expense | North Charleston | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $113 | $121 | -7% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $217 | $223 | -3% |
| 🏥 Health Insurance | $39 | $56 | -30% |
| Medicare Supplement | $200 | $200 | 0% |
| Prescription Drugs | $150 | $150 | 0% |
| Internet + Phone | $120 | $120 | 0% |
| Recreation & Social | $200 | $200 | 0% |
| Home Maintenance | $100 | $100 | 0% |
| Total Monthly | $1,189 | $1,219 | -2% |
How We Calculated the Salary
Monthly expenses:$1,189
Target savings (5%):$67/mo
Monthly after-tax needed:$1,256
Effective tax rate:25%
Gross annual salary needed:$20,383
Other Household Types in North Charleston
Related Pages
FAQ
What salary does a retiree need in North Charleston?
A retiree needs approximately $20,383/year ($1,699/month gross) to live comfortably in North Charleston with a 5% savings rate.
How much is rent for a retiree in North Charleston?
A 1-2br senior-friendly in North Charleston costs approximately $113/month, which is the largest single expense at 10% of the total budget.
Is North Charleston affordable for a retiree?
North Charleston is roughly average for retiree costs, requiring a salary close to the national median.