Salary Needed to Live in Davenport as a Retiree
A retired individual (65+) needs approximately $17,443/year to live comfortably in Davenport, IA — including 5% savings.
Comfortable Salary
$17,443
with 5% savings
Bare Minimum
$16,265
no savings buffer
Monthly Expenses
$1,003
17% below national avg
Detailed Monthly Budget for a Retiree in Davenport
| Expense | Davenport | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $106 | $121 | -12% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $172 | $211 | -18% |
| 🏥 Health Insurance | $33 | $53 | -38% |
| Medicare Supplement | $168 | $200 | -16% |
| Prescription Drugs | $126 | $150 | -16% |
| Internet + Phone | $101 | $120 | -16% |
| Recreation & Social | $168 | $200 | -16% |
| Home Maintenance | $84 | $100 | -16% |
| Total Monthly | $1,003 | $1,204 | -17% |
How We Calculated the Salary
Monthly expenses:$1,003
Target savings (5%):$57/mo
Monthly after-tax needed:$1,060
Effective tax rate:26%
Gross annual salary needed:$17,443
Other Household Types in Davenport
Related Pages
FAQ
What salary does a retiree need in Davenport?
A retiree needs approximately $17,443/year ($1,454/month gross) to live comfortably in Davenport with a 5% savings rate.
How much is rent for a retiree in Davenport?
A 1-2br senior-friendly in Davenport costs approximately $106/month, which is the largest single expense at 11% of the total budget.
Is Davenport affordable for a retiree?
Yes, Davenport is 17% more affordable than the national average for a retiree.