Salary Needed to Live in Manchester as a Retiree
A retired individual (65+) needs approximately $24,555/year to live comfortably in Manchester, NH — including 5% savings.
Comfortable Salary
$24,555
with 5% savings
Bare Minimum
$22,850
no savings buffer
Monthly Expenses
$1,371
12% above national avg
Detailed Monthly Budget for a Retiree in Manchester
| Expense | Manchester | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $176 | $121 | +45% |
| 🛒 Groceries | $18 | $16 | +13% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $17 | $18 | -6% |
| 🛡️ Car Insurance | $238 | $229 | +4% |
| 🏥 Health Insurance | $60 | $58 | +3% |
| Medicare Supplement | $220 | $200 | +10% |
| Prescription Drugs | $165 | $150 | +10% |
| Internet + Phone | $132 | $120 | +10% |
| Recreation & Social | $220 | $200 | +10% |
| Home Maintenance | $110 | $100 | +10% |
| Total Monthly | $1,371 | $1,227 | +12% |
How We Calculated the Salary
Monthly expenses:$1,371
Target savings (5%):$78/mo
Monthly after-tax needed:$1,449
Effective tax rate:28%
Gross annual salary needed:$24,555
Other Household Types in Manchester
Related Pages
FAQ
What salary does a retiree need in Manchester?
A retiree needs approximately $24,555/year ($2,046/month gross) to live comfortably in Manchester with a 5% savings rate.
How much is rent for a retiree in Manchester?
A 1-2br senior-friendly in Manchester costs approximately $176/month, which is the largest single expense at 13% of the total budget.
Is Manchester affordable for a retiree?
Manchester is above the national average for retiree living costs, requiring 12% more salary than the US median.