Salary Needed to Live in Chico as a Retiree
A retired individual (65+) needs approximately $21,635/year to live comfortably in Chico, CA — including 5% savings.
Comfortable Salary
$21,635
with 5% savings
Bare Minimum
$20,153
no savings buffer
Monthly Expenses
$1,226
1% above national avg
Detailed Monthly Budget for a Retiree in Chico
| Expense | Chico | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $154 | $121 | +27% |
| 🛒 Groceries | $23 | $16 | +44% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $146 | $215 | -32% |
| 🏥 Health Insurance | $44 | $54 | -19% |
| Medicare Supplement | $216 | $200 | +8% |
| Prescription Drugs | $162 | $150 | +8% |
| Internet + Phone | $130 | $120 | +8% |
| Recreation & Social | $216 | $200 | +8% |
| Home Maintenance | $108 | $100 | +8% |
| Total Monthly | $1,226 | $1,209 | +1% |
How We Calculated the Salary
Monthly expenses:$1,226
Target savings (5%):$69/mo
Monthly after-tax needed:$1,295
Effective tax rate:27%
Gross annual salary needed:$21,635
Other Household Types in Chico
Related Pages
FAQ
What salary does a retiree need in Chico?
A retiree needs approximately $21,635/year ($1,803/month gross) to live comfortably in Chico with a 5% savings rate.
How much is rent for a retiree in Chico?
A 1-2br senior-friendly in Chico costs approximately $154/month, which is the largest single expense at 13% of the total budget.
Is Chico affordable for a retiree?
Chico is roughly average for retiree costs, requiring a salary close to the national median.