Salary Needed to Live in Medford as a Retiree
A retired individual (65+) needs approximately $21,335/year to live comfortably in Medford, OR — including 5% savings.
Comfortable Salary
$21,335
with 5% savings
Bare Minimum
$19,874
no savings buffer
Monthly Expenses
$1,209
0% below national avg
Detailed Monthly Budget for a Retiree in Medford
| Expense | Medford | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $112 | $121 | -7% |
| 🛒 Groceries | $23 | $16 | +44% |
| ⚡ Utilities | $13 | $15 | -13% |
| 🚗 Transportation | $15 | $18 | -17% |
| 🛡️ Car Insurance | $207 | $215 | -4% |
| 🏥 Health Insurance | $54 | $54 | 0% |
| Medicare Supplement | $204 | $200 | +2% |
| Prescription Drugs | $153 | $150 | +2% |
| Internet + Phone | $122 | $120 | +2% |
| Recreation & Social | $204 | $200 | +2% |
| Home Maintenance | $102 | $100 | +2% |
| Total Monthly | $1,209 | $1,209 | 0% |
How We Calculated the Salary
Monthly expenses:$1,209
Target savings (5%):$68/mo
Monthly after-tax needed:$1,277
Effective tax rate:27%
Gross annual salary needed:$21,335
Other Household Types in Medford
Related Pages
FAQ
What salary does a retiree need in Medford?
A retiree needs approximately $21,335/year ($1,778/month gross) to live comfortably in Medford with a 5% savings rate.
How much is rent for a retiree in Medford?
A 1-2br senior-friendly in Medford costs approximately $112/month, which is the largest single expense at 9% of the total budget.
Is Medford affordable for a retiree?
Medford is roughly average for retiree costs, requiring a salary close to the national median.