Salary Needed to Live in Davenport as a Retiree
A retired individual (65+) needs approximately $43,304/year to live comfortably in Davenport, IA, including 5% savings.
Direct Answer
A retiree needs about $43,304/year to live comfortably in Davenport, IA. The bare-minimum salary is $40,378/year, but the comfortable figure includes a 5% savings target and a monthly after-tax budget of $2,631.
The minimum scenario leaves about $2,490/mo after tax and no planned savings. The comfortable scenario uses $3,609/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$43,304
with 5% savings
Bare Minimum
$40,378
$3,365/mo gross, no savings buffer
Monthly Expenses
$2,490
32% below national avg
Detailed Monthly Budget for a Retiree in Davenport
| Expense | Davenport | Nat'l Avg | Diff |
|---|---|---|---|
| 1-2BR Senior-Friendly Rent | $734 | $1,448 | -49% |
| Groceries | $211 | $189 | +12% |
| Utilities | $160 | $183 | -13% |
| Transportation | $174 | $211 | -18% |
| Car Insurance | $172 | $211 | -18% |
| Health Insurance | $392 | $630 | -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 | $2,490 | $3,642 | -32% |
How We Calculated the Salary
Monthly expenses:$2,490
Target savings (5%):$141/mo
Monthly after-tax needed:$2,631
Effective tax rate:26%
Gross annual salary needed:$43,304
What Drives the Salary Number?
Housing
$734
1-2BR Senior-Friendly rent is 29% of this monthly budget.
Taxes
26%
Estimated federal plus IA state tax reserve used to convert take-home needs into gross salary.
Savings target
5%
$141/mo is reserved for savings so the salary is not just break-even.
Local index
84/100
Davenport is below the national baseline; the model adjusts baseline spending by local rent and cost data.
Compare Salary Needed in Nearby midwest Cities
Salary Planning Checklist
- Keep 1-2br senior-friendly housing near $734/mo or adjust the salary target upward.
- Budget $647/mo for persona-specific costs such as Medicare Supplement and Prescription Drugs.
- Use $40,378/year as the survival floor and $43,304/year as the healthier negotiation target.
Other Household Types in Davenport
Related Pages
FAQ
What salary does a retiree need in Davenport?
A retiree needs approximately $43,304/year ($3,609/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 $734/month, which is the largest single expense at 29% of the total budget.
Is Davenport affordable for a retiree?
Yes, Davenport is 32% more affordable than the national average for a retiree.