Salary Needed to Live in Idaho Falls as a Retiree
A retired individual (65+) needs approximately $19,094/year to live comfortably in Idaho Falls, ID — including 5% savings.
Comfortable Salary
$19,094
with 5% savings
Bare Minimum
$17,786
no savings buffer
Monthly Expenses
$1,082
11% below national avg
Detailed Monthly Budget for a Retiree in Idaho Falls
| Expense | Idaho Falls | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $122 | $121 | +1% |
| 🛒 Groceries | $20 | $16 | +25% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $11 | $18 | -39% |
| 🛡️ Car Insurance | $168 | $215 | -22% |
| 🏥 Health Insurance | $55 | $54 | +2% |
| Medicare Supplement | $180 | $200 | -10% |
| Prescription Drugs | $135 | $150 | -10% |
| Internet + Phone | $108 | $120 | -10% |
| Recreation & Social | $180 | $200 | -10% |
| Home Maintenance | $90 | $100 | -10% |
| Total Monthly | $1,082 | $1,209 | -11% |
How We Calculated the Salary
Monthly expenses:$1,082
Target savings (5%):$61/mo
Monthly after-tax needed:$1,143
Effective tax rate:27%
Gross annual salary needed:$19,094
Other Household Types in Idaho Falls
Related Pages
FAQ
What salary does a retiree need in Idaho Falls?
A retiree needs approximately $19,094/year ($1,591/month gross) to live comfortably in Idaho Falls with a 5% savings rate.
How much is rent for a retiree in Idaho Falls?
A 1-2br senior-friendly in Idaho Falls costs approximately $122/month, which is the largest single expense at 11% of the total budget.
Is Idaho Falls affordable for a retiree?
Yes, Idaho Falls is 11% more affordable than the national average for a retiree.