Salary Needed to Live in Gilbert as a Retiree
A retired individual (65+) needs approximately $22,271/year to live comfortably in Gilbert, AZ — including 5% savings.
Comfortable Salary
$22,271
with 5% savings
Bare Minimum
$20,745
no savings buffer
Monthly Expenses
$1,262
4% above national avg
Detailed Monthly Budget for a Retiree in Gilbert
| Expense | Gilbert | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $129 | $121 | +7% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $194 | $215 | -10% |
| 🏥 Health Insurance | $55 | $54 | +2% |
| Medicare Supplement | $216 | $200 | +8% |
| Prescription Drugs | $162 | $150 | +8% |
| Internet + Phone | $130 | $120 | +8% |
| Recreation & Social | $216 | $200 | +8% |
| Home Maintenance | $108 | $100 | +8% |
| Total Monthly | $1,262 | $1,209 | +4% |
How We Calculated the Salary
Monthly expenses:$1,262
Target savings (5%):$71/mo
Monthly after-tax needed:$1,333
Effective tax rate:27%
Gross annual salary needed:$22,271
Other Household Types in Gilbert
Related Pages
FAQ
What salary does a retiree need in Gilbert?
A retiree needs approximately $22,271/year ($1,856/month gross) to live comfortably in Gilbert with a 5% savings rate.
How much is rent for a retiree in Gilbert?
A 1-2br senior-friendly in Gilbert costs approximately $129/month, which is the largest single expense at 10% of the total budget.
Is Gilbert affordable for a retiree?
Gilbert is roughly average for retiree costs, requiring a salary close to the national median.