Salary Needed to Live in Columbia as a Retiree
A retired individual (65+) needs approximately $18,566/year to live comfortably in Columbia, SC — including 5% savings.
Comfortable Salary
$18,566
with 5% savings
Bare Minimum
$17,328
no savings buffer
Monthly Expenses
$1,083
11% below national avg
Detailed Monthly Budget for a Retiree in Columbia
| Expense | Columbia | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $104 | $121 | -14% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $197 | $223 | -12% |
| 🏥 Health Insurance | $45 | $56 | -20% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,083 | $1,219 | -11% |
How We Calculated the Salary
Monthly expenses:$1,083
Target savings (5%):$61/mo
Monthly after-tax needed:$1,144
Effective tax rate:25%
Gross annual salary needed:$18,566
Other Household Types in Columbia
Related Pages
FAQ
What salary does a retiree need in Columbia?
A retiree needs approximately $18,566/year ($1,547/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 $104/month, which is the largest single expense at 10% of the total budget.
Is Columbia affordable for a retiree?
Yes, Columbia is 11% more affordable than the national average for a retiree.