Salary Needed to Live in Frankfort as a Retiree
A retired individual (65+) needs approximately $16,920/year to live comfortably in Frankfort, KY — including 5% savings.
Comfortable Salary
$16,920
with 5% savings
Bare Minimum
$15,792
no savings buffer
Monthly Expenses
$987
19% below national avg
Detailed Monthly Budget for a Retiree in Frankfort
| Expense | Frankfort | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $91 | $121 | -25% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $144 | $223 | -35% |
| 🏥 Health Insurance | $42 | $56 | -25% |
| 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 | $987 | $1,219 | -19% |
How We Calculated the Salary
Monthly expenses:$987
Target savings (5%):$56/mo
Monthly after-tax needed:$1,043
Effective tax rate:25%
Gross annual salary needed:$16,920
Other Household Types in Frankfort
Related Pages
FAQ
What salary does a retiree need in Frankfort?
A retiree needs approximately $16,920/year ($1,410/month gross) to live comfortably in Frankfort with a 5% savings rate.
How much is rent for a retiree in Frankfort?
A 1-2br senior-friendly in Frankfort costs approximately $91/month, which is the largest single expense at 9% of the total budget.
Is Frankfort affordable for a retiree?
Yes, Frankfort is 19% more affordable than the national average for a retiree.