Salary Needed to Live in Cleveland as a Retiree
A retired individual (65+) needs approximately $18,643/year to live comfortably in Cleveland, OH — including 5% savings.
Comfortable Salary
$18,643
with 5% savings
Bare Minimum
$17,384
no savings buffer
Monthly Expenses
$1,072
11% below national avg
Detailed Monthly Budget for a Retiree in Cleveland
| Expense | Cleveland | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $126 | $121 | +4% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $183 | $211 | -13% |
| 🏥 Health Insurance | $54 | $53 | +2% |
| Medicare Supplement | $172 | $200 | -14% |
| Prescription Drugs | $129 | $150 | -14% |
| Internet + Phone | $103 | $120 | -14% |
| Recreation & Social | $172 | $200 | -14% |
| Home Maintenance | $86 | $100 | -14% |
| Total Monthly | $1,072 | $1,204 | -11% |
How We Calculated the Salary
Monthly expenses:$1,072
Target savings (5%):$61/mo
Monthly after-tax needed:$1,133
Effective tax rate:26%
Gross annual salary needed:$18,643
Other Household Types in Cleveland
Related Pages
FAQ
What salary does a retiree need in Cleveland?
A retiree needs approximately $18,643/year ($1,554/month gross) to live comfortably in Cleveland with a 5% savings rate.
How much is rent for a retiree in Cleveland?
A 1-2br senior-friendly in Cleveland costs approximately $126/month, which is the largest single expense at 12% of the total budget.
Is Cleveland affordable for a retiree?
Yes, Cleveland is 11% more affordable than the national average for a retiree.