Salary Needed to Live in Cincinnati as a Retiree
A retired individual (65+) needs approximately $17,687/year to live comfortably in Cincinnati, OH — including 5% savings.
Comfortable Salary
$17,687
with 5% savings
Bare Minimum
$16,492
no savings buffer
Monthly Expenses
$1,017
16% below national avg
Detailed Monthly Budget for a Retiree in Cincinnati
| Expense | Cincinnati | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $80 | $121 | -34% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $165 | $211 | -22% |
| 🏥 Health Insurance | $35 | $53 | -34% |
| 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 | $1,017 | $1,204 | -16% |
How We Calculated the Salary
Monthly expenses:$1,017
Target savings (5%):$57/mo
Monthly after-tax needed:$1,074
Effective tax rate:26%
Gross annual salary needed:$17,687
Other Household Types in Cincinnati
Related Pages
FAQ
What salary does a retiree need in Cincinnati?
A retiree needs approximately $17,687/year ($1,474/month gross) to live comfortably in Cincinnati with a 5% savings rate.
How much is rent for a retiree in Cincinnati?
A 1-2br senior-friendly in Cincinnati costs approximately $80/month, which is the largest single expense at 8% of the total budget.
Is Cincinnati affordable for a retiree?
Yes, Cincinnati is 16% more affordable than the national average for a retiree.