Salary Needed to Live in Columbia as a Retiree
A retired individual (65+) needs approximately $18,330/year to live comfortably in Columbia, MO — including 5% savings.
Comfortable Salary
$18,330
with 5% savings
Bare Minimum
$17,092
no savings buffer
Monthly Expenses
$1,054
12% below national avg
Detailed Monthly Budget for a Retiree in Columbia
| Expense | Columbia | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $126 | $121 | +4% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $163 | $211 | -23% |
| 🏥 Health Insurance | $37 | $53 | -30% |
| 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 | $1,054 | $1,204 | -12% |
How We Calculated the Salary
Monthly expenses:$1,054
Target savings (5%):$59/mo
Monthly after-tax needed:$1,113
Effective tax rate:26%
Gross annual salary needed:$18,330
Other Household Types in Columbia
Related Pages
FAQ
What salary does a retiree need in Columbia?
A retiree needs approximately $18,330/year ($1,528/month gross) to live comfortably in Columbia with a 5% savings rate.
How much is rent for a retiree in Columbia?
A 1-2br senior-friendly in Columbia costs approximately $126/month, which is the largest single expense at 12% of the total budget.
Is Columbia affordable for a retiree?
Yes, Columbia is 12% more affordable than the national average for a retiree.