Salary Needed to Live in Columbus as a Retiree
A retired individual (65+) needs approximately $18,035/year to live comfortably in Columbus, OH — including 5% savings.
Comfortable Salary
$18,035
with 5% savings
Bare Minimum
$16,816
no savings buffer
Monthly Expenses
$1,037
14% below national avg
Detailed Monthly Budget for a Retiree in Columbus
| Expense | Columbus | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $108 | $121 | -11% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $132 | $211 | -37% |
| 🏥 Health Insurance | $42 | $53 | -21% |
| Medicare Supplement | $184 | $200 | -8% |
| Prescription Drugs | $138 | $150 | -8% |
| Internet + Phone | $110 | $120 | -8% |
| Recreation & Social | $184 | $200 | -8% |
| Home Maintenance | $92 | $100 | -8% |
| Total Monthly | $1,037 | $1,204 | -14% |
How We Calculated the Salary
Monthly expenses:$1,037
Target savings (5%):$59/mo
Monthly after-tax needed:$1,096
Effective tax rate:26%
Gross annual salary needed:$18,035
Other Household Types in Columbus
Related Pages
FAQ
What salary does a retiree need in Columbus?
A retiree needs approximately $18,035/year ($1,503/month gross) to live comfortably in Columbus with a 5% savings rate.
How much is rent for a retiree in Columbus?
A 1-2br senior-friendly in Columbus costs approximately $108/month, which is the largest single expense at 10% of the total budget.
Is Columbus affordable for a retiree?
Yes, Columbus is 14% more affordable than the national average for a retiree.