Salary Needed to Live in Indianapolis as a Retiree
A retired individual (65+) needs approximately $18,209/year to live comfortably in Indianapolis, IN — including 5% savings.
Comfortable Salary
$18,209
with 5% savings
Bare Minimum
$16,978
no savings buffer
Monthly Expenses
$1,047
13% below national avg
Detailed Monthly Budget for a Retiree in Indianapolis
| Expense | Indianapolis | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $115 | $121 | -5% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $141 | $211 | -33% |
| 🏥 Health Insurance | $47 | $53 | -11% |
| 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 | $1,047 | $1,204 | -13% |
How We Calculated the Salary
Monthly expenses:$1,047
Target savings (5%):$59/mo
Monthly after-tax needed:$1,106
Effective tax rate:26%
Gross annual salary needed:$18,209
Other Household Types in Indianapolis
Related Pages
FAQ
What salary does a retiree need in Indianapolis?
A retiree needs approximately $18,209/year ($1,517/month gross) to live comfortably in Indianapolis with a 5% savings rate.
How much is rent for a retiree in Indianapolis?
A 1-2br senior-friendly in Indianapolis costs approximately $115/month, which is the largest single expense at 11% of the total budget.
Is Indianapolis affordable for a retiree?
Yes, Indianapolis is 13% more affordable than the national average for a retiree.