Salary Needed to Live in Evansville as a Retiree
A retired individual (65+) needs approximately $16,052/year to live comfortably in Evansville, IN — including 5% savings.
Comfortable Salary
$16,052
with 5% savings
Bare Minimum
$14,968
no savings buffer
Monthly Expenses
$923
23% below national avg
Detailed Monthly Budget for a Retiree in Evansville
| Expense | Evansville | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $77 | $121 | -36% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $10 | $15 | -33% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $131 | $211 | -38% |
| 🏥 Health Insurance | $38 | $53 | -28% |
| Medicare Supplement | $164 | $200 | -18% |
| Prescription Drugs | $123 | $150 | -18% |
| Internet + Phone | $98 | $120 | -18% |
| Recreation & Social | $164 | $200 | -18% |
| Home Maintenance | $82 | $100 | -18% |
| Total Monthly | $923 | $1,204 | -23% |
How We Calculated the Salary
Monthly expenses:$923
Target savings (5%):$52/mo
Monthly after-tax needed:$975
Effective tax rate:26%
Gross annual salary needed:$16,052
Other Household Types in Evansville
Related Pages
FAQ
What salary does a retiree need in Evansville?
A retiree needs approximately $16,052/year ($1,338/month gross) to live comfortably in Evansville with a 5% savings rate.
How much is rent for a retiree in Evansville?
A 1-2br senior-friendly in Evansville costs approximately $77/month, which is the largest single expense at 8% of the total budget.
Is Evansville affordable for a retiree?
Yes, Evansville is 23% more affordable than the national average for a retiree.