Salary Needed to Live in Lafayette as a Retiree
A retired individual (65+) needs approximately $17,109/year to live comfortably in Lafayette, LA — including 5% savings.
Comfortable Salary
$17,109
with 5% savings
Bare Minimum
$15,968
no savings buffer
Monthly Expenses
$998
18% below national avg
Detailed Monthly Budget for a Retiree in Lafayette
| Expense | Lafayette | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $91 | $121 | -25% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $150 | $223 | -33% |
| 🏥 Health Insurance | $48 | $56 | -14% |
| Medicare Supplement | $172 | $200 | -14% |
| Prescription Drugs | $129 | $150 | -14% |
| Internet + Phone | $103 | $120 | -14% |
| Recreation & Social | $172 | $200 | -14% |
| Home Maintenance | $86 | $100 | -14% |
| Total Monthly | $998 | $1,219 | -18% |
How We Calculated the Salary
Monthly expenses:$998
Target savings (5%):$56/mo
Monthly after-tax needed:$1,054
Effective tax rate:25%
Gross annual salary needed:$17,109
Other Household Types in Lafayette
Related Pages
FAQ
What salary does a retiree need in Lafayette?
A retiree needs approximately $17,109/year ($1,426/month gross) to live comfortably in Lafayette with a 5% savings rate.
How much is rent for a retiree in Lafayette?
A 1-2br senior-friendly in Lafayette costs approximately $91/month, which is the largest single expense at 9% of the total budget.
Is Lafayette affordable for a retiree?
Yes, Lafayette is 18% more affordable than the national average for a retiree.