Salary Needed to Live in Denver as a Retiree
A retired individual (65+) needs approximately $25,482/year to live comfortably in Denver, CO — including 5% savings.
Comfortable Salary
$25,482
with 5% savings
Bare Minimum
$23,737
no savings buffer
Monthly Expenses
$1,444
19% above national avg
Detailed Monthly Budget for a Retiree in Denver
| Expense | Denver | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $154 | $121 | +27% |
| 🛒 Groceries | $26 | $16 | +63% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $190 | $215 | -12% |
| 🏥 Health Insurance | $53 | $54 | -2% |
| Medicare Supplement | $256 | $200 | +28% |
| Prescription Drugs | $192 | $150 | +28% |
| Internet + Phone | $154 | $120 | +28% |
| Recreation & Social | $256 | $200 | +28% |
| Home Maintenance | $128 | $100 | +28% |
| Total Monthly | $1,444 | $1,209 | +19% |
How We Calculated the Salary
Monthly expenses:$1,444
Target savings (5%):$82/mo
Monthly after-tax needed:$1,526
Effective tax rate:27%
Gross annual salary needed:$25,482
Other Household Types in Denver
Related Pages
FAQ
What salary does a retiree need in Denver?
A retiree needs approximately $25,482/year ($2,124/month gross) to live comfortably in Denver with a 5% savings rate.
How much is rent for a retiree in Denver?
A 1-2br senior-friendly in Denver costs approximately $154/month, which is the largest single expense at 11% of the total budget.
Is Denver affordable for a retiree?
Denver is above the national average for retiree living costs, requiring 19% more salary than the US median.