Salary Needed to Live in Duluth as a Retiree
A retired individual (65+) needs approximately $18,939/year to live comfortably in Duluth, MN — including 5% savings.
Comfortable Salary
$18,939
with 5% savings
Bare Minimum
$17,659
no savings buffer
Monthly Expenses
$1,089
10% below national avg
Detailed Monthly Budget for a Retiree in Duluth
| Expense | Duluth | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $132 | $121 | +9% |
| 🛒 Groceries | $21 | $16 | +31% |
| ⚡ Utilities | $11 | $15 | -27% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $130 | $211 | -38% |
| 🏥 Health Insurance | $37 | $53 | -30% |
| Medicare Supplement | $192 | $200 | -4% |
| Prescription Drugs | $144 | $150 | -4% |
| Internet + Phone | $115 | $120 | -4% |
| Recreation & Social | $192 | $200 | -4% |
| Home Maintenance | $96 | $100 | -4% |
| Total Monthly | $1,089 | $1,204 | -10% |
How We Calculated the Salary
Monthly expenses:$1,089
Target savings (5%):$61/mo
Monthly after-tax needed:$1,150
Effective tax rate:26%
Gross annual salary needed:$18,939
Other Household Types in Duluth
Related Pages
FAQ
What salary does a retiree need in Duluth?
A retiree needs approximately $18,939/year ($1,578/month gross) to live comfortably in Duluth with a 5% savings rate.
How much is rent for a retiree in Duluth?
A 1-2br senior-friendly in Duluth costs approximately $132/month, which is the largest single expense at 12% of the total budget.
Is Duluth affordable for a retiree?
Yes, Duluth is 10% more affordable than the national average for a retiree.