Salary Needed to Live in Laredo as a Retiree
A retired individual (65+) needs approximately $16,337/year to live comfortably in Laredo, TX — including 5% savings.
Comfortable Salary
$16,337
with 5% savings
Bare Minimum
$15,248
no savings buffer
Monthly Expenses
$953
22% below national avg
Detailed Monthly Budget for a Retiree in Laredo
| Expense | Laredo | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $91 | $121 | -25% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $10 | $15 | -33% |
| 🚗 Transportation | $12 | $18 | -33% |
| 🛡️ Car Insurance | $153 | $223 | -31% |
| 🏥 Health Insurance | $40 | $56 | -29% |
| Medicare Supplement | $164 | $200 | -18% |
| Prescription Drugs | $123 | $150 | -18% |
| Internet + Phone | $98 | $120 | -18% |
| Recreation & Social | $164 | $200 | -18% |
| Home Maintenance | $82 | $100 | -18% |
| Total Monthly | $953 | $1,219 | -22% |
How We Calculated the Salary
Monthly expenses:$953
Target savings (5%):$54/mo
Monthly after-tax needed:$1,007
Effective tax rate:25%
Gross annual salary needed:$16,337
Other Household Types in Laredo
Related Pages
FAQ
What salary does a retiree need in Laredo?
A retiree needs approximately $16,337/year ($1,361/month gross) to live comfortably in Laredo with a 5% savings rate.
How much is rent for a retiree in Laredo?
A 1-2br senior-friendly in Laredo costs approximately $91/month, which is the largest single expense at 10% of the total budget.
Is Laredo affordable for a retiree?
Yes, Laredo is 22% more affordable than the national average for a retiree.