Salary Needed to Live in Lansing as a Retiree

A retired individual (65+) needs approximately $17,704/year to live comfortably in Lansing, MI — including 5% savings.

Comfortable Salary
$17,704
with 5% savings
Bare Minimum
$16,508
no savings buffer
Monthly Expenses
$1,018
15% below national avg

Detailed Monthly Budget for a Retiree in Lansing

ExpenseLansingNat'l AvgDiff
🏠 1-2BR Senior-Friendly Rent$117$121-3%
🛒 Groceries$22$16+38%
⚡ Utilities$11$15-27%
🚗 Transportation$16$18-11%
🛡️ Car Insurance$149$211-29%
🏥 Health Insurance$56$53+6%
Medicare Supplement$168$200-16%
Prescription Drugs$126$150-16%
Internet + Phone$101$120-16%
Recreation & Social$168$200-16%
Home Maintenance$84$100-16%
Total Monthly$1,018$1,204-15%

How We Calculated the Salary

Monthly expenses:$1,018
Target savings (5%):$57/mo
Monthly after-tax needed:$1,075
Effective tax rate:26%

Gross annual salary needed:$17,704

Other Household Types in Lansing

Single Person
$17,138/yr
$914/mo expenses
Couple (No Kids)
$23,826/yr
$1,231/mo expenses
Family with Kids
$50,563/yr
$2,486/mo expenses

Related Pages

Living Alone in LansingCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a retiree need in Lansing?
A retiree needs approximately $17,704/year ($1,475/month gross) to live comfortably in Lansing with a 5% savings rate.
How much is rent for a retiree in Lansing?
A 1-2br senior-friendly in Lansing costs approximately $117/month, which is the largest single expense at 11% of the total budget.
Is Lansing affordable for a retiree?
Yes, Lansing is 15% more affordable than the national average for a retiree.
← Back to Lansing