Salary Needed to Live in Knoxville as a Retiree
A retired individual (65+) needs approximately $49,577/year to live comfortably in Knoxville, TN, including 5% savings.
Direct Answer
A retiree needs about $49,577/year to live comfortably in Knoxville, TN. The bare-minimum salary is $46,272/year, but the comfortable figure includes a 5% savings target and a monthly after-tax budget of $3,055.
The minimum scenario leaves about $2,892/mo after tax and no planned savings. The comfortable scenario uses $4,131/mo gross pay to cover expenses, taxes, and a savings buffer.
Hybrid salary estimateBLS, HUD, ACS inputsLast verified May 2026
Comfortable Salary
$49,577
with 5% savings
Bare Minimum
$46,272
$3,856/mo gross, no savings buffer
Monthly Expenses
$2,892
22% below national avg
Detailed Monthly Budget for a Retiree in Knoxville
| Expense | Knoxville | Nat'l Avg | Diff |
|---|---|---|---|
| 1-2BR Senior-Friendly Rent | $893 | $1,448 | -38% |
| Groceries | $215 | $189 | +14% |
| Utilities | $135 | $183 | -26% |
| Transportation | $166 | $211 | -21% |
| Car Insurance | $201 | $223 | -10% |
| Health Insurance | $612 | $672 | -9% |
| Medicare Supplement | $174 | $200 | -13% |
| Prescription Drugs | $131 | $150 | -13% |
| Internet + Phone | $104 | $120 | -13% |
| Recreation & Social | $174 | $200 | -13% |
| Home Maintenance | $87 | $100 | -13% |
| Total Monthly | $2,892 | $3,696 | -22% |
How We Calculated the Salary
Monthly expenses:$2,892
Target savings (5%):$163/mo
Monthly after-tax needed:$3,055
Effective tax rate:25%
Gross annual salary needed:$49,577
What Drives the Salary Number?
Housing
$893
1-2BR Senior-Friendly rent is 31% of this monthly budget.
Taxes
25%
Estimated federal plus TN state tax reserve used to convert take-home needs into gross salary.
Savings target
5%
$163/mo is reserved for savings so the salary is not just break-even.
Local index
87/100
Knoxville is below the national baseline; the model adjusts baseline spending by local rent and cost data.
Compare Salary Needed in Nearby south Cities
Salary Planning Checklist
- Keep 1-2br senior-friendly housing near $893/mo or adjust the salary target upward.
- Budget $670/mo for persona-specific costs such as Medicare Supplement and Prescription Drugs.
- Use $46,272/year as the survival floor and $49,577/year as the healthier negotiation target.
Other Household Types in Knoxville
Related Pages
FAQ
What salary does a retiree need in Knoxville?
A retiree needs approximately $49,577/year ($4,131/month gross) to live comfortably in Knoxville with a 5% savings rate.
How much is rent for a retiree in Knoxville?
A 1-2br senior-friendly in Knoxville costs approximately $893/month, which is the largest single expense at 31% of the total budget.
Is Knoxville affordable for a retiree?
Yes, Knoxville is 22% more affordable than the national average for a retiree.