Salary Needed to Live in McAllen as a Retiree
A retired individual (65+) needs approximately $15,943/year to live comfortably in McAllen, TX — including 5% savings.
Comfortable Salary
$15,943
with 5% savings
Bare Minimum
$14,880
no savings buffer
Monthly Expenses
$930
24% below national avg
Detailed Monthly Budget for a Retiree in McAllen
| Expense | McAllen | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $85 | $121 | -30% |
| 🛒 Groceries | $14 | $16 | -12% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $16 | $18 | -11% |
| 🛡️ Car Insurance | $149 | $223 | -33% |
| 🏥 Health Insurance | $51 | $56 | -9% |
| Medicare Supplement | $156 | $200 | -22% |
| Prescription Drugs | $117 | $150 | -22% |
| Internet + Phone | $94 | $120 | -22% |
| Recreation & Social | $156 | $200 | -22% |
| Home Maintenance | $78 | $100 | -22% |
| Total Monthly | $930 | $1,219 | -24% |
How We Calculated the Salary
Monthly expenses:$930
Target savings (5%):$52/mo
Monthly after-tax needed:$982
Effective tax rate:25%
Gross annual salary needed:$15,943
Other Household Types in McAllen
Related Pages
FAQ
What salary does a retiree need in McAllen?
A retiree needs approximately $15,943/year ($1,329/month gross) to live comfortably in McAllen with a 5% savings rate.
How much is rent for a retiree in McAllen?
A 1-2br senior-friendly in McAllen costs approximately $85/month, which is the largest single expense at 9% of the total budget.
Is McAllen affordable for a retiree?
Yes, McAllen is 24% more affordable than the national average for a retiree.