Salary Needed to Live in Lincoln as a Retiree
A retired individual (65+) needs approximately $18,765/year to live comfortably in Lincoln, NE — including 5% savings.
Comfortable Salary
$18,765
with 5% savings
Bare Minimum
$17,497
no savings buffer
Monthly Expenses
$1,079
10% below national avg
Detailed Monthly Budget for a Retiree in Lincoln
| Expense | Lincoln | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $103 | $121 | -15% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $18 | $18 | 0% |
| 🛡️ Car Insurance | $179 | $211 | -15% |
| 🏥 Health Insurance | $49 | $53 | -8% |
| Medicare Supplement | $182 | $200 | -9% |
| Prescription Drugs | $137 | $150 | -9% |
| Internet + Phone | $109 | $120 | -9% |
| Recreation & Social | $182 | $200 | -9% |
| Home Maintenance | $91 | $100 | -9% |
| Total Monthly | $1,079 | $1,204 | -10% |
How We Calculated the Salary
Monthly expenses:$1,079
Target savings (5%):$61/mo
Monthly after-tax needed:$1,140
Effective tax rate:26%
Gross annual salary needed:$18,765
Other Household Types in Lincoln
Related Pages
FAQ
What salary does a retiree need in Lincoln?
A retiree needs approximately $18,765/year ($1,564/month gross) to live comfortably in Lincoln with a 5% savings rate.
How much is rent for a retiree in Lincoln?
A 1-2br senior-friendly in Lincoln costs approximately $103/month, which is the largest single expense at 10% of the total budget.
Is Lincoln affordable for a retiree?
Yes, Lincoln is 10% more affordable than the national average for a retiree.