Salary Needed to Live in Concord as a Retiree
A retired individual (65+) needs approximately $22,478/year to live comfortably in Concord, NH — including 5% savings.
Comfortable Salary
$22,478
with 5% savings
Bare Minimum
$20,917
no savings buffer
Monthly Expenses
$1,255
2% above national avg
Detailed Monthly Budget for a Retiree in Concord
| Expense | Concord | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $129 | $121 | +7% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $199 | $229 | -13% |
| 🏥 Health Insurance | $62 | $58 | +7% |
| Medicare Supplement | $212 | $200 | +6% |
| Prescription Drugs | $159 | $150 | +6% |
| Internet + Phone | $127 | $120 | +6% |
| Recreation & Social | $212 | $200 | +6% |
| Home Maintenance | $106 | $100 | +6% |
| Total Monthly | $1,255 | $1,227 | +2% |
How We Calculated the Salary
Monthly expenses:$1,255
Target savings (5%):$71/mo
Monthly after-tax needed:$1,326
Effective tax rate:28%
Gross annual salary needed:$22,478
Other Household Types in Concord
Related Pages
FAQ
What salary does a retiree need in Concord?
A retiree needs approximately $22,478/year ($1,873/month gross) to live comfortably in Concord with a 5% savings rate.
How much is rent for a retiree in Concord?
A 1-2br senior-friendly in Concord costs approximately $129/month, which is the largest single expense at 10% of the total budget.
Is Concord affordable for a retiree?
Concord is roughly average for retiree costs, requiring a salary close to the national median.