Salary Needed to Live in Jackson as a Retiree
A retired individual (65+) needs approximately $16,714/year to live comfortably in Jackson, MS — including 5% savings.
Comfortable Salary
$16,714
with 5% savings
Bare Minimum
$15,600
no savings buffer
Monthly Expenses
$975
20% below national avg
Detailed Monthly Budget for a Retiree in Jackson
| Expense | Jackson | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $69 | $121 | -43% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $12 | $15 | -20% |
| 🚗 Transportation | $11 | $18 | -39% |
| 🛡️ Car Insurance | $202 | $223 | -9% |
| 🏥 Health Insurance | $46 | $56 | -18% |
| Medicare Supplement | $160 | $200 | -20% |
| Prescription Drugs | $120 | $150 | -20% |
| Internet + Phone | $96 | $120 | -20% |
| Recreation & Social | $160 | $200 | -20% |
| Home Maintenance | $80 | $100 | -20% |
| Total Monthly | $975 | $1,219 | -20% |
How We Calculated the Salary
Monthly expenses:$975
Target savings (5%):$55/mo
Monthly after-tax needed:$1,030
Effective tax rate:25%
Gross annual salary needed:$16,714
Other Household Types in Jackson
Related Pages
FAQ
What salary does a retiree need in Jackson?
A retiree needs approximately $16,714/year ($1,393/month gross) to live comfortably in Jackson with a 5% savings rate.
How much is rent for a retiree in Jackson?
A 1-2br senior-friendly in Jackson costs approximately $69/month, which is the largest single expense at 7% of the total budget.
Is Jackson affordable for a retiree?
Yes, Jackson is 20% more affordable than the national average for a retiree.