Salary Needed to Live in El Paso as a Retiree
A retired individual (65+) needs approximately $17,383/year to live comfortably in El Paso, TX — including 5% savings.
Comfortable Salary
$17,383
with 5% savings
Bare Minimum
$16,224
no savings buffer
Monthly Expenses
$1,014
17% below national avg
Detailed Monthly Budget for a Retiree in El Paso
| Expense | El Paso | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $106 | $121 | -12% |
| 🛒 Groceries | $15 | $16 | -6% |
| ⚡ Utilities | $10 | $15 | -33% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $166 | $223 | -26% |
| 🏥 Health Insurance | $43 | $56 | -23% |
| Medicare Supplement | $172 | $200 | -14% |
| Prescription Drugs | $129 | $150 | -14% |
| Internet + Phone | $103 | $120 | -14% |
| Recreation & Social | $172 | $200 | -14% |
| Home Maintenance | $86 | $100 | -14% |
| Total Monthly | $1,014 | $1,219 | -17% |
How We Calculated the Salary
Monthly expenses:$1,014
Target savings (5%):$57/mo
Monthly after-tax needed:$1,071
Effective tax rate:25%
Gross annual salary needed:$17,383
Other Household Types in El Paso
Related Pages
FAQ
What salary does a retiree need in El Paso?
A retiree needs approximately $17,383/year ($1,449/month gross) to live comfortably in El Paso with a 5% savings rate.
How much is rent for a retiree in El Paso?
A 1-2br senior-friendly in El Paso costs approximately $106/month, which is the largest single expense at 10% of the total budget.
Is El Paso affordable for a retiree?
Yes, El Paso is 17% more affordable than the national average for a retiree.